Is Oklo Inc (OKLO) The Best AI Energy Stock to Buy Now?

We recently published Top 10 Stocks to Watch After Federal Reserve’s Rate Cut. Oklo Inc (NYSE:OKLO) is one of the stocks analysts were recently talking about.

Dimple Gosai, Bank of America clean energy analyst, explained in a program on CNBC why she’s bullish on Oklo Inc (NYSE:OKLO). She has a Buy rating and $92 price target on the stock.

“I think the one thing that we really need to um unpack here is where the end demand is coming from. So, today if you think about electricity demand, we think that that might increase by 25% by 2030. Half of that is going to come from AI and data centers. Now today Oklo has the largest pipeline of all Small Modular Reactors at 14 gawatt and majority of that is backed by hyperscalers right 12 gawatt of that alone come comes from switch and then they’ve got you know orders from from the likes of RoPower and Equinix  so as long as the data center trend continues to to unfold and we see more capex going in there I think this is going to undermount growth.”

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.

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