Why Oklo Inc. (OKLO) Went Down Last Week

We recently compiled a list of the 10 Stocks That Underperformed Last Week. 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 ended in a bloodbath on Friday, as investors soured on a flurry of macroeconomic factors such as concerns over a slowing economy and a sticky inflation that tempered buying appetite.

Friday’s finish saw the Dow Jones decline by 1.69 percent, the S&P drop by 1.71 percent, and the tech-heavy Nasdaq nosedive by 2.20 percent.

Ten companies, in particular, were heavily hit, registering mostly double-digit losses on a week-on-week basis.

We have listed 10 names that performed poorly last week and detailed the reasons behind their declines. Please note that shares performances were based on the companies’ closing prices last Friday, February 21, as against their prices on February 14, or a week earlier.

To come up with last week’s biggest losers, we considered only the stocks with $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)

Daily sell-offs persisted throughout the shortened trading week for Oklo Inc. (NYSE:OKLO)’s shares, which pushed a 26.28-percent slash in its prices week-on-week to end at $38.79 on Friday versus the $52.62 registered on February 14.

Last Friday’s finish marked the second consecutive week of the nuclear energy firm’s drop in stock performance, having settled at $55.49 on February 7, or two weeks earlier, as investor sentiment was dampened by concerns surrounding the Artificial Intelligence industry in the US with the emergence of China’s startup AI platform DeepSeek.

In particular, investors feared that China was beginning to dominate the AI industry at a time when the US government announced support for the advancement of the sector. Concerns were further fueled that it may not need a huge demand of energy to power its data centers.

Since DeepSeek’s surface, AI stocks have since struggled to regain ground.

Overall OKLO ranks 2nd on our list of the stocks that underperformed last week. 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 as promising as 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.