We recently compiled a list of the 10 Stocks Outperform Wall Street Indices on Wednesday. In this article, we are going to take a look at where OKLO Inc. (NYSE:OKLO) stands against the other stocks.
The stock market ended on a mixed note on Wednesday, with the Dow Jones the sole loser during the session, as investor caution persisted amid confusing tariff policies from President Donald Trump.
The Dow Jones dropped by 0.43 percent, while in contrast, the S&P and Nasdaq finished in the green territory, albeit the S&P inched up by only 0.01 percent, and the Nasdaq ended higher by 0.26 percent.
On Wednesday, Trump raised hopes for another month of delay for the imposition of tariffs on goods from Mexico and Canada, while signaling a 25-percent reciprocal tariff on European cars and goods.
Meanwhile, ten companies defied the broader market pessimism, posting modest to strong gains during the day.
To come up with Wednesday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.
An engineer conducting tests in a laboratory, looking closely at the latest nuclear fuel technology.
OKLO Inc. (NYSE:OKLO)
Shares of OKLO Inc. (NYSE:OKLO) jumped by 9.73 percent on Wednesday to end at $35.19 apiece as investors cheered news that it joined the Department of Energy’s Voucher Program which is expected to accelerate the development of next-generation materials.
The initiative was part of the Technology Commercialization Fund and funded by the Bipartisan Infrastructure Law and Inflation Reduction Act, which aims to enhance efficiencies in manufacturing, supply chain, and overall scalability as OKLO Inc. (NYSE:OKLO) accelerates the deployment of its commercial powerhouses.
The collaboration leverages DOE-funded vouchers to conduct advanced material characterization and real-world testing to validate high-performance materials that will support OKLO Inc. (NYSE:OKLO)’s fast reactor designs.
“This project helps us refine proven fast reactor technologies to deliver scalable, cost-effective clean energy solutions that empower our customers to meet their energy goals sustainably. With 14 gigawatts of announced customers and partners in our pipeline, we believe we are well positioned to address growing energy demands across diverse applications,” said OKLO Inc. (NYSE:OKLO) CEO Jacob DeWitte.
Overall OKLO ranks 5th on our list of Wednesday’s top gainers. 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.
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