A Deja Vu Setup in OKLO: When Wall Street History Repeats

The investment world operates on cycles, and what we’re witnessing with OKLO (Oklo Inc.) presents a striking historical parallel. The legendary speculator Jesse Livermore captured this timeless principle perfectly: “There is nothing new in Wall Street. Whatever happens in the market today has happened before and will happen again.” While patterns may not repeat with perfect precision, they do tend to rhyme—and savvy investors can exploit these rhythms to their advantage.

Consider the evidence: Last year, I identified an uncanny resemblance between Google’s 2004 IPO bounce structure and CoreWeave’s 2025 IPO formation. Both entered during hot industry cycles, maintained strong liquidity, and benefited from multiple bullish catalysts. That observation proved prescient, as CoreWeave mirrored Google’s performance trajectory and delivered a 118% return. Now, the same deja vu phenomenon is unfolding with OKLO.

The Pattern That Matters: OKLO’s Chart Resurrection

Earlier this year, while analyzing price charts, I uncovered a fascinating technical setup: Oklo, the leader in small modular reactor (SMR) nuclear technology, is forming a pattern nearly identical to its April 2024 correction phase. Back then, the stock declined in a distinctive zig-zag manner—with the initial leg accounting for most of the damage—before sinking approximately 70%. It then found support at the rising 200-day moving average and subsequently exploded higher.

Fast forward to today: OKLO has traced an almost identical trajectory. The stock has retraced roughly 63.44% from recent highs and has recently stabilized at that same critical support level—the 200-day moving average. History may not repeat exactly, but when technical setups align this closely, the performance implications are difficult to ignore. After the 2024 correction, OKLO rallied from approximately $17 to nearly $200 per share. While past performance offers no guarantees, the setup presents a compelling risk-reward proposition.

The Game-Changing Catalyst: Off-Grid Data Centers

The landscape for nuclear power has shifted dramatically due to recent policy developments. President Donald Trump has signaled that large technology companies will bear their own power costs rather than passing them to consumers. This mandate is forcing major tech players to seek independent energy solutions for their rapidly expanding data center operations.

Microsoft has already committed to substantial energy infrastructure changes, ensuring taxpayers don’t subsidize their computational demands. More broadly, industry data reveals that 33% of planned data center projects will operate independently of the traditional electrical grid—and this percentage is expected to climb. For nuclear energy producers like OKLO, this represents an extraordinary tailwind. The demand for reliable, scalable power solutions has never been more acute, and OKLO is positioned at the forefront of this shift.

Major Deals in Motion: Meta Partnership Signals Confidence

The final piece of this puzzle involves concrete validation from industry titans. Oklo recently secured a major agreement with Meta Platforms to develop a 1.2 GW energy campus, marking a significant milestone for the company’s nuclear ambitions. This isn’t speculative interest—it’s a binding commitment from one of the world’s largest technology companies. Such partnerships provide confidence that the SMR sector isn’t merely theoretical; it’s becoming operational and essential.

The Convergence: Technical Setup Meets Fundamental Strength

What makes this deja vu moment compelling isn’t just the technical chart pattern, though that’s noteworthy. Rather, it’s the combination of factors: the recurring technical setup from 2024 is now reinforced by structural industry changes, policy shifts that favor independent power generation, and concrete corporate partnerships. While nothing on Wall Street is guaranteed, the confluence of technical precedent and fundamental strength presents the kind of setup that historically has rewarded early positioning.