We recently compiled a list of the Investor Optimism Boosts Jump of These 10 Stocks. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against the other stocks.
Wall Street’s main indices ended Monday’s trading session on a mixed note, with the Dow Jones Industrial Average the only decliner, dipping by 0.06 percent or 25.57 points to close at 42,706.56.
In contrast, the S&P 500 and Nasdaq Composite both registered gains, up 0.45 percent and 1.24 percent, respectively.
Monday’s overall rally was largely driven by strong performances in the bitcoin mining and quantum computing sectors, with 10 companies seeing notable gains.
To come up with the day’s top advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A Nuclear power plant with all its safety & security protocols in place.
Oklo Inc. (NYSE:OKLO)
Advanced nuclear technology firm Oklo Inc. saw its share price jump by 10.09 percent to an all-time high on Monday to finish at $30 apiece, with analysts pointing to its role in the AI-driven energy transformation as having fueled the rise, underscoring its robust performance and investor optimism on its growth potential.
Over the past 30 days, shares in the company were already up by 40.16 percent, while the past five days alone saw a rally of 36.55 percent.
Earlier, Oklo obtained a historic 12-gigawatt power agreement with Switch and a 750-megawatt arrangement with other data center providers, highlighting its appeal to technology-driven industries looking for zero-carbon power solutions.
Oklo’s modular nuclear reactors have helped it to become a major player in satisfying data center demands, especially artificial intelligence applications, and growing energy needs.
Overall OKLO ranks 10th on our list of the stocks that soared today. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.