Why Oklo Inc. (OKLO) Skyrocketed on Friday

We recently compiled a list of the Why These 10 Stocks Were Skyrocketing on Friday. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against the other stocks that were skyrocketing on Friday.

Wall Street saw a strong trading session on Friday, with all major indices finishing firmly in the green ahead of President-elect Donald Trump’s return to office.

The Dow edged higher by 0.78 percent, while the S&P rallied 1 percent. Nasdaq, for its part, jumped 1.51 percent.

Ten companies—predominantly Bitcoin miners—were among the day’s standout performers, posting significant gains amid growing optimism in the broader cryptocurrency market, thanks to Trump’s commitment to supporting the sector.

To come up with Friday’s top gainers, 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)

Shares of Oklo Inc. (NYSE:OKLO) rose for a third day on Friday, rallying by 7.51 percent to end at $26.05 per share following announcements that it sealed a partnership with RPower for the development of a phased power model for data centers.

The said model will combine immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, thereby eliminating reliance on diesel generators and supporting scalable, sustainable operations.

In a statement on Thursday, Oklo said the collaboration “aims to ensure that data centers can access reliable energy today while building a clear and practical pathway to clean energy in the future.”

Oklo Inc. (NYSE:OKLO) is a company engaged in advanced nuclear technology, while RPower is a provider of onsite prime and backup power solutions.

Overall OKLO ranks 9th on our list of the top-performing stocks from Friday’s session. 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.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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