Oklo (OKLO) Surges 10.16% as Nuclear Adoption Ramps Up
We recently published . Oklo Inc. (NYSE:OKLO) is one of the stocks that soared higher on Tuesday.
Oklo Inc. snapped a four-day losing streak on Tuesday, jumping 10.16 percent to close at $60.71 apiece as investor sentiment was spurred by a broader market optimism, coupled with news that New York is setting its sights back to nuclear.
On Tuesday, the Wall Street Journal reported that New York intends to develop a large nuclear power facility—the first in more than 15 years, in line with President Donald Trump's aggressive nuclear adoption plan.
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It can be recalled that Trump issued two executive orders last month, aiming to ramp up the expansion of the nuclear power industry in the US.
Optimism spilled over to nuclear stocks, such as Oklo Inc. (NYSE:OKLO), on expectations that more nuclear projects will bolster future growth.
In recent news, Oklo Inc. (NYSE:OKLO) bagged a deal from the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska.
In a statement, Oklo Inc. (NYSE:OKLO) said the project serves as the Department of the Air Force's (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure.
Under the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska.
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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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