6 hours Ago By Insider Monkey
We recently published a list of These 10 Firms Were Thursday’s Top Performers . In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other firms that were Thursday’s top performers.
Wall Street’s main indices closed higher again on Thursday, with the Dow eking out a 0.92-percent gain, while the S&P 500 and Nasdaq Composite grew 0.53 percent and 0.
22 percent, respectively. Ten companies, predominantly under the health, energy, and technology sectors—mirrored the gains on the back of stronger earnings performance and other catalysts fueling buying appetite. Thursday’s top advancers only considered the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
Photo by Jason Blackeye on Unsplash Oklo Inc. (NYSE:OKLO) Shares of Oklo Inc. (NYSE:OKLO) rose for a sixth day on Thursday, ending the day adding 13.
78 percent to its current valuation at $38.78 apiece. On the same day, Oklo (NYSE:OKLO) announced that it signed a memorandum of understanding with Lightbridge to jointly explore opportunities for reprocessing and recycling spent uranium-zirconium fuel.
The companies said they plan to conduct a feasibility study of operating a Lightbridge commercial-scale fuel fabrication facility in the same location as Oklo’s proposed commercial fuel fabrication facility. The partnership was expected to potentially lead to advancements in the nuclear fuel sector. In other news, Oklo (NYSE:OKLO) last week earned a boost from hopes of a booming US energy sector, with President Donald Trump promising last week that the US would bank on the energy industry to bolster US manufacturing.
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.” Overall, OKLO ranks 5th on our list of firms that were Thursday’s top performers. 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 time frame.
If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey .
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