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We recently published a list of AI Stocks Dominate Friday’s Top 10 Performers. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other AI stocks that dominate Friday’s top performers.
The stock market bounced back on Friday, erasing the week’s losses following news that a feared government shutdown is unlikely to happen amid news that a funding plan is likely to be passed.
The tech-heavy Nasdaq recorded the highest gain, adding 2.61 percent, followed by the S&P 500 with a 2.13-percent gain, and the Dow Jones with 1.65 percent.
Ten companies, predominantly under the AI industry, mirrored the broader market optimism, registering strong double-digit gains during the session. In this article, we have named the day’s best performers and detailed the reasons behind their performance.
To come up with the list, we only considered those with $2 billion in market capitalization and $5 million in trading volume.
Oklo Inc. (NYSE:OKLO)
Shares of Oklo rallied as much as 16 percent at intra-day trading on Friday before finishing the day just up by 15.74 percent as investor sentiment was fueled by an overall optimistic market environment for AI stocks.
Despite growing economic uncertainties, outlook for the company remains optimistic amid an expected continuous demand for energy from data centers to support the booming Artificial Intelligence industry, as well as the continued backing from the US government to prop up energy demand in the country.
OKLO, a nuclear technology company, is at the forefront of fueling AI through partnering with data centers for energy supply.
Just recently, it sealed a deal with RPower to deploy a phased power model for data centers. The model combines immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, eliminating reliance on diesel generators and supporting scalable, sustainable operations.
Meanwhile, the US government announced in January that it would expand the supply of energy in the country to power the manufacturing industry.
Overall, OKLO ranks 8th on our list of AI stocks that dominate Friday’s top performers. 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 trades at less than 5 times its earnings, check out our report about the cheapest AI stock.