Oklo Inc. (OKLO) Continued to Skyrocket This Week. Here is Why.

The share price of Oklo Inc. (NYSE:OKLO) surged by 15.55% between October 3 and October 10, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Backed by OpenAI’s Sam Altman, Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to customers in the United States.

Oklo Inc. (NYSE:OKLO) soared after an analyst from Canaccord initiated coverage of the stock with a ‘Buy’ rating and a price target of $175. This means that the analyst expects OKLO to jump by 19% from its current price levels, despite the stock having already gained more than 550% over the last six months. As a result, the stock is currently trading at its all-time high.

The analyst expects Oklo Inc. (NYSE:OKLO) to profit from the ongoing nuclear energy renaissance, as the company’s technological capabilities in small modular reactors (SMR) technology could help it play an outsized role in the future.

It should be mentioned here that Oklo Inc. (NYSE:OKLO) isn’t expected to generate any revenue for at least a couple of years, nor is it expected to earn its first profit before 2030. However, the Canaccord analyst is looking much farther out, with his model ‘stretching to 2050’.

While we acknowledge the potential of OKLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.