Cathie Wood Dumped Sam Altman's Surging Nuclear Startup. The Stock Just Received A 70% Price Target Hike.

Cathie Wood and her Ark Invest funds sold Oklo — the nuclear power startup backed by OpenAI head Sam Altman — and purchased uranium refiner Cameco on Tuesday ahead of President Donald Trump’s announcement of a private sector investment of up to $500 billion to fund infrastructure for artificial intelligence. Wood’s ARK Invest ETFs unloaded 50,333 shares of Oklo on Tuesday while adding 17,504 shares of Cameco. Altman’s Oklo soared 20% to 31.25 during market action on Tuesday and has advanced nearly 50% on the week heading into Friday’s market open.