Oklo (OKLO) Falls 7.6%. Here's Why

Oklo Inc. (NYSE:OKLO) is one of 10 Stocks that Fell Off the Cliff.

Oklo Inc. fell by 7.59 percent on Tuesday to close at $51.74 apiece, tracking a sluggish wider market sentiment as investors were in a wait-and-see mode for further catalysts to boost investing appetite.

Additionally, investors unloaded positions following comments from Mad Money host and former hedge fund manager Jim Cramer to “wait for it to come in.”

“Maybe we give it a week and then take a look. But I am not against Oklo,” he said.

In recent news, Oklo Inc. (NYSE:OKLO) announced that its subsidiary, Atomic Alchemy Inc., kicked off the site characterization work at a potential location for a commercial radioisotope production facility at the Idaho National Laboratory.

The milestone builds on Atomic Alchemy’s progress with prior approvals and agreements, including a Memorandum of Understanding secured in 2020 with the US Department of Energy Idaho Operations Office (DOE-ID) to identify a suitable location to site the project at INL, as well as a license in late November that authorized initial site characterization activities.

The site characterization activities include core borings to collect soil and rock samples that will provide essential data on subsurface composition and ensure that the production facility meets stringent safety and building code requirements while supporting the design of a robust structural foundation.

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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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