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Cathie Wood Buys Nuclear Stocks Amid Selloff
22 Oct
Summary
- ARK Invest purchased $3.42 million in Oklo and X-Energy shares.
- Both nuclear stocks have plunged over 60% in 2026.
- Retail sentiment is neutral for Oklo and bullish for X-Energy.
ARK Investment Management, led by Cathie Wood, has demonstrated continued confidence in Oklo Inc. (OKLO) and X-Energy Inc. (XE) by acquiring substantial shares. On Wednesday, October 22, 2026, the ARK Autonomous Technology & Robotics ETF bought 134,201 XE shares for $1.5 million and 42,230 OKLO shares for $1.2 million. Additionally, the ARK Space & Defense Innovation ETF added 66,146 XE shares valued at approximately $720,300.
These acquisitions follow significant purchases made on Tuesday, October 21, 2026, marking a consecutive day of investment in both companies. This strategy persists despite a challenging market for small modular reactor (SMR) stocks, with both XE and OKLO shares experiencing a sharp decline of over 60% in 2026.
Oklo's stock has fallen 80% from its peak due to concerns over high capital expenditure, dilution, and widening losses. X-Energy's stock has dropped nearly 52% from its yearly highs, attributed to substantial cash burn, a pre-revenue model, and project timeline delays. Despite these headwinds, retail sentiment is neutral for OKLO and bullish for XE.
