Sable Offshore (SOC) Up 28.41% on Rosy Prospects from AI

We recently published Wall Street Shockers: 10 Stocks on Sky High. Sable Offshore Corp. (NYSE:SOC) is one of the top-performing companies on Thursday.

Sable Offshore soared by 28.41 percent on Thursday to end at $28.34 apiece as investors gobbled up shares in the company following President Donald Trump’s announcement of $92 billion worth of investments in the Artificial Intelligence and energy sectors.

Sable Offshore Corp. (NYSE:SOC), an oil and gas company, is set to benefit indirectly from the investments amid the soaring demand for energy sources from power-hungry AI data centers.

Additionally, Trump pledged in December last year that the US government would fast-track permits for energy and mega projects.

Further fueling sentiment, Roth Capital in a market note claimed that Sable Offshore Corp. (NYSE:SOC) is nearing the receipt of a final affirmative ruling in relation to the restart of its Las Flores pipelines in the “very near future.”

News reports also added that the court decision allowed Sable Offshore Corp. (NYSE:SOC) to move forward with certain preparatory steps for restarting the pipelines, but prohibits the actual restart pending the receipt of a signed notice of compliance.

While we acknowledge the potential of SOC 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.