Here’s Why Oklo Inc. (OKLO) Is Among Monday’s Top Losers

We recently compiled a list of the 10 Firms Drop on Bearish Statements, Disappointing Earnings. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against the other stocks.

Ten companies—mostly under the quantum computing sector—kicked off the trading week leading declines amid not-so-optimistic statements from chief executives and disappointing earnings updates that have weighed in on investor sentiment.

Meanwhile, Wall Street’s main indices ended mixed, with the Dow Jones and S&P’s main index the only gainers, up 0.86 percent and 0.16 percent, respectively. Meanwhile, the Nasdaq Composite dropped by 0.38 percent.

To come up with Monday’s top losers, 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)

Oklo Inc. (NYSE:OKLO) share price fell by 9.35 percent on Monday, ending the day at $22.88 apiece after analysts cautioned about the risks of speculating in sectors such as nuclear power and quantum computing, suggesting it could take a long time before these fields generate meaningful returns.

Jim Cramer, host of Mad Money, said that nuclear and quantum computing sectors both have promise someday, but still not enough to justify their current valuations.

He clarified that while he does not view quantum computing as a hoax, he considers the current expectations surrounding the technology to be overly ambitious. The market, according to Cramer, is setting a low bar for progress in this area.

Overall OKLO ranks 8th on our list of Monday’s top losers. While we acknowledge the potential of OKLO as an investment, 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 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.