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Cerence (CRNC), Oklo (OKLO) Are Among Today’s Big Winners

Cerence (CRNC) is soaring over 100%, while Oklo (OKLO)  is advancing 18%.

Cerence “provides AI powered virtual assistants for the mobility/transportation market,” and Oklo is looking to build small modular nuclear reactors.

 Cerence Expands Its Deal With Nvidia

The company disclosed that it had agreed to widen its existing deal with Nvidia (NVDA). The tech firm reported that ” its cloud-based Cerence Automotive Large Language Model (CaLLM)” was being “powered” by Nvidia’s AI Enterprise. Cerence described the latter system as  “an end-to-end, cloud-native software platform,” and it credited Nvidia’s platform with enabling it to develop CaLLM more quickly.

12 Trending AI Stocks on Latest News and Ratings

Additionally, Cerence noted that portions of its “embedded small language model,” known as CaLLM EDGE, would be “powered” by Nvidia’s Drive AGX Orin. According to Nvidia, the latter offering is a system-on-a-chip that acts as the main computer for vehicles. Among the services that it enables are autonomous driving and AI cockpits, the chip maker noted.

 Oklo Rises on Favorable Move by the Biden Administration

Earlier today, the Biden administration issued new rules regarding eligibility for tax credits that companies can receive for producing clean hydrogen. Under the new criteria, 200 megawatts of reactors’ power can receive tax credits if they are used to produce hydrogen and if the reactors are in danger of being closed due to economic issues.

OpenAI CEO Sam Altman is the chairman of Oklo and owned a 2.6% stake in the firm, according to a regulatory filing issued in June.

While we acknowledge the potential of CRNC, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CRNC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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