Why Oklo Inc. (OKLO) Soared On Wednesday

We recently published a list of While Market Bleeds, These 10 Firms Soar. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best-performing stocks.

Shares of Oklo rallied for a fourth consecutive day on Wednesday, adding 2.49 percent to close at $55.24 apiece as investors cheered its partnership with a Korean company for the deployment of its advanced nuclear technology.

In a statement, Oklo Inc. (NYSE:OKLO) said it signed a memorandum of understanding with Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corporation, to explore opportunities aimed at jointly advancing the standard design development and verification of Aurora powerhouses, manufacturability and constructability assessments, major equipment planning, as well as supply chain development.

The collaboration also supports Oklo Inc.’s (NYSE:OKLO) deployment of a 75-MWe Aurora powerhouse at the Idaho National Laboratory site, which is currently undergoing a licensing process.

Additionally, Oklo Inc. (NYSE:OKLO) plans to file follow-on applications to support its growing order pipeline, which exceeds 14 GW.

Overall, OKLO ranks 9th on our list of best-performing stocks. While we acknowledge the potential of OKLO, 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 AI stock that is more promising than OKLO and that has 10,000x upside potential, check out our report about this cheapest AI stock.

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