OKLO vs SMR: Oklo and NuScale Power as AI Stocks
Oklo (OKLO) and NuScale Power (SMR) are both tracked in the Supercycle AI universe. OKLO is the larger company at $7.22B versus $3.56B, and OKLO carries the higher AI Exposure Score (85 vs 70, Core tier), meaning its business depends more directly on AI demand.
Market data as of the close on . Prices are end of day, not live.
Side by side
| Metric | OKLO | SMR |
|---|---|---|
| Price | $38.82 | $8.68 |
| Market cap | $7.22B | $3.56B |
| 24h change | -4.03% | -2.36% |
| 7d change | +8.98% | +4.58% |
| 1y change | -70.40% | -78.12% |
| P/E ratio | - | - |
| AI Exposure Score | 85 (Core) | 70 (Core) |
| Sector | Utilities | Industrials |
| Buildout layers | Power & Energy | Power & Energy |
OKLO's role in the buildout
Oklo sits in the Power & Energy layer as one of the most direct bets on AI's electricity problem. Data centers need firm, carbon-free power, and Oklo's Aurora fast reactors are aimed squarely at supplying it. With no operating revenue yet, its value rests almost entirely on AI power demand converting into signed contracts and licensed reactors, which makes the buildout effectively its whole story. Supercycle scores it 85 out of 100.
SMR's role in the buildout
NuScale sits in the Power & Energy layer of the buildout, where the binding constraint on AI growth is electricity. Hyperscalers need firm, carbon free power for data centers, and small modular reactors are one of the few technologies that could supply it at scale. NuScale is not yet generating revenue at scale, so nearly all of its upside hinges on AI era electricity demand converting designs into orders. That dependence is why Supercycle scores its AI exposure at 70 out of 100.
Both stocks sit in Power & Energy, so they compete for the same slice of AI spending.
Frequently asked questions
Is OKLO or SMR the bigger company?
Oklo is bigger: $7.22B versus $3.56B by market cap, as of the latest end-of-day data.
Which has more AI exposure, OKLO or SMR?
Oklo does: its AI Exposure Score is 85 (Core tier) versus 70 (Core). The score measures how much of the business depends on AI, not which stock is the better investment.
Build your own comparison of any tracked stocks with the compare tool, or see how the layers fit together in the Start Here guide. Nothing here is investment advice; see the disclaimer.