🔥 OKLO Stock Jumps 26% After Landmark DoD Nuclear Power Deal
Oklo Inc. (NYSE: OKLO), operating in the Energy / Alternative Power sector, soared over 26% after announcing a 30-year power purchase agreement with the U.S. Department of Defense. The deal will deploy one of Oklo’s advanced small modular reactors (SMRs) at Eielson Air Force Base in Alaska, making it the first nuclear microreactor to support a U.S. military installation.
Despite reporting a net loss of $9.8 million in Q1 2025, or –$0.07 per share, Oklo beat Wall Street expectations. The company holds more than $260 million in cash and remains debt-free, giving it strong positioning in an emerging market. Shares have now rallied over 213% year-to-date, fueled by increased institutional demand and broader investor interest in autonomous, clean-energy solutions tied to the future of AI, defense, and data centers.
This contract confirms the U.S. government’s long-term commitment to microreactors and alternative energy for strategic infrastructure. As SMR adoption expands across civilian and military sectors, Oklo’s position as a first mover makes it one of the most compelling long-term growth stories in energy innovation.
🐶 Chewy Beats Expectations but Stock Falls: What’s Behind the CHWY Drop?
Chewy Inc. (NYSE: CHWY), a major player in the Retail / E-commerce sector, posted strong Q1 2025 results with revenue of $3.12 billion, an 8% year-over-year increase. Adjusted earnings per share came in at $0.35, topping consensus estimates. The company also added over 750,000 new active customers, reaching a total of 20.76 million.
Yet, the stock dropped nearly 12% following the report. The selloff was driven by concerns over GAAP net income, which landed at $62.4 million—short of Wall Street's forecast—and by a small decline in gross margin to 29.6%. Despite those concerns, Chewy reaffirmed its full-year revenue guidance between $12.3 and $12.45 billion and expects Q2 revenue to surpass $3 billion.
The market reaction appears to reflect profit-taking and margin sensitivity more than long-term weakness. Chewy remains dominant in pet e-commerce and continues to grow its Autoship and veterinary services segments, which are key to improving customer retention and lifetime value.
🏗️ Cleveland-Cliffs Plunges 7% as Steel Tariff Uncertainty Spooks Investors
Cleveland-Cliffs Inc. (NYSE: CLF), a major name in the Basic Materials / Steel & Iron sector, fell more than 7% after reports that the Biden administration may walk back newly announced tariffs on Mexican steel. The tariffs, unveiled last week, had initially lifted domestic steel stocks, but now face diplomatic backlash, particularly from Mexican officials and auto industry advocates.
Cleveland-Cliffs has benefited from trade protections in recent years, posting over $19 billion in revenue in 2024 and enjoying strong EBITDA margins. However, the possible rollback of these protections raises concerns about oversupply, pricing pressure, and squeezed margins in the second half of 2025.
As a vertically integrated steel producer supplying critical materials to the auto and construction industries, CLF is highly exposed to global trade dynamics. If tariffs are diluted or reversed, the impact on future earnings could be significant—especially if cheap imports re-enter the U.S. market at scale.
📈 Market Spotlight: OKLO, CHWY, and CLF – Three Stocks You Can't Ignore Right Now
Oklo, Chewy, and Cleveland-Cliffs each represent major themes playing out in today’s market—clean energy transformation, shifting consumer habits, and volatile trade policy. Their current volatility offers not just short-term trading opportunities but important signals about where money is flowing and what sectors are most sensitive to macro-level change.
Investors should watch these tickers closely. OKLO is riding the momentum of federal support for next-gen energy, CHWY is navigating the tension between growth and profitability, and CLF is at the mercy of political headlines that could reshape the steel market overnight.
This analysis is a proprietary and original work by Across Markets.