When History Echoes: Why OKLO's Deja Vu Pattern Could Signal the Next Big Move

The investment world operates under a curious principle: while the specific circumstances may differ, the underlying patterns remain hauntingly similar. OKLO Inc. (OKLO), a leader in small modular reactor (SMR) technology, finds itself in a striking deja vu position reminiscent of its 2024 surge. Understanding this historical echo could provide investors with valuable perspective on what may lie ahead.

Market Patterns: The Deja Vu Phenomenon Wall Street Cannot Escape

Jesse Livermore, one of history’s most successful stock speculators, observed that “there is nothing new in Wall Street. Whatever happens in the stock market today has happened before and will happen again.” While markets rarely repeat in perfect fashion, they do tend to echo familiar rhythms. By studying these echoes, investors gain insight into potential future movements.

This principle has proven remarkably effective. Paul Tudor Jones, the legendary hedge fund manager, famously predicted the 1987 Black Monday crash by overlaying 1929 market data. More recently, tech investors who recognized the structural similarities between Google’s 2004 IPO and CoreWeave’s 2025 IPO positioning—both featuring similar U-turn base formations in hot industry sectors—capitalized on CoreWeave’s remarkable 118% rally in 2025.

The deja vu pattern appears in both technical formations and fundamental backdrops. When multiple variables align with historical precedent, the probability of similar outcomes increases substantially.

OKLO’s Technical Deja Vu: A Familiar 2024 Setup Repeating

During a recent chart review, a fascinating deja vu moment emerged. OKLO shares have formed an almost identical pattern to their April 2024 correction. In both instances, the stock exhibited a zig-zag correction pattern—with the initial decline being the steepest. The 2024 correction saw shares fall approximately 70% before finding support at the rising 200-day moving average and launching a spectacular advance toward $200 per share. From the April 2024 lows near $17, the stock delivered extraordinary gains.

Currently, OKLO has traced a nearly identical zig-zag pattern with a decline of approximately 63.44% and has recently discovered support at its rising 200-day moving average. While chart patterns offer no guarantees, the technical deja vu suggests comparable upside potential could be in play.

The Energy Independence Catalyst: Why Nuclear SMRs Are Gaining Urgency

Beyond technical similarities, the fundamental backdrop supporting OKLO has actually strengthened. President Trump’s recent stance against allowing technology companies to pass energy costs to consumers has created a powerful new dynamic. Tech giants building power-hungry data centers now face economic pressure to become energy-independent.

Microsoft (MSFT) has already committed to substantial changes in its energy consumption model to shield taxpayers from data center costs. Industry data reveals a striking trend: approximately 33% of planned data centers are being designed to operate off the traditional grid. This percentage is expected to grow significantly.

Small modular reactors represent an ideal solution to this challenge. Unlike traditional nuclear plants requiring massive capital expenditure and long construction timelines, SMRs offer scalability and faster deployment. The convergence of rising data center energy demands and nuclear innovation is creating precisely the environment where companies like OKLO can flourish.

OKLO’s Strategic Partnerships: Building Momentum Beyond Charts

The investment thesis extends well beyond technical patterns. OKLO recently achieved validation of its nuclear ambitions through a landmark agreement with Meta Platforms (META) to develop a 1.2 GW energy campus. This partnership represents concrete evidence of demand from one of the world’s largest technology companies.

Such strategic deals serve multiple purposes: they validate the SMR business model, de-risk the technology path forward, and create revenue visibility. When technical patterns align with real-world catalysts, the deja vu becomes more compelling.

The Pattern Repeats, But the Context Strengthens

History may not repeat precisely, but when it rhymes, investors pay attention. OKLO’s current technical setup mirrors its 2024 launching pad, but this time with enhanced catalysts: accelerating data center proliferation, an energy-independent power generation mandate, and major technology partnerships. While precedent guarantees nothing in markets, the convergence of historical pattern recognition and fundamental acceleration creates a compelling investment thesis worth monitoring.