Why Oklo Inc. (OKLO) Soared At The Start Of The Trading Week

We recently compiled a list of the 10 Firms Kick Off Trading Week Soaring. 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 kicked off the trading week soaring on Tuesday amid a series of catalysts from President Donald Trump’s inauguration event that fueled investor sentiment.

The Dow rose by 1.24 percent, the S&P 500 rose 0.88 percent, while the Nasdaq Composite increased 0.64 percent.

On Tuesday, 10 companies—mostly under the space exploration, energy, and quantum computing sectors—registered the highest gains. In this article, let’s take a look at their impressive performance.

To come up with Tuesday’s top gainers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

An aerial view of a nuclear plant, its domes casting a unique shadow.

Oklo Inc. (NYSE:OKLO)

President Donald Trump’s plans to bolster the energy industry sent Oklo Inc.’s (NYSE:OKLO) share prices soaring by 19.96 percent on Tuesday to end at $31.25 apiece—a fourth consecutive day.

At his inauguration on Monday, Trump emphasized that the US would leverage the energy industry to strengthen the national economy, particularly the manufacturing sector.

He said that the US “will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world.” Following his remarks, shares of Oklo, along with other energy sector peers, saw a notable rise.

Last week, the company said it clinched a new deal with RPower to provide electricity to data centers using its natural gas generators within about 24 months.

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.

Overall OKLO ranks 7th on our list of the firms that kicked off the trading week soaring. 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 as promising as OKLO but 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.