10 Stocks Drop Double Digits as Investor Caution Lingers

7. OKLO Inc. (NYSE:OKLO)

Oklo saw its share prices decline by 14.26 percent on Thursday to finish at $25.97 apiece as trade threats between the United States and its trading partners continued to spook investors.

OKLO, a nuclear technology company, has been hit by fears on the status of uranium imports used to fuel nuclear reactors and plants, with the new tariffs on Canadian imports now in place.

Canada is the US’ largest uranium supplier, with 27 percent of total deliveries to the US.

In other news, analysts are generally bullish on OKLO, given the bright prospects from the booming Artificial Intelligence industry that continues to spill over other sectors, including nuclear, as well as the US government’s plan to support the energy sector to power the country’s economy.

OKLO is also set to release its financial results for 2024 on Monday, March 24, and investors will be watching out for its outlook guidance for the business.