Ashar Jawad
1 min read
In This Article:
Wedbush analyst Dan Ives on Friday lifted Oklo Inc. (NYSE:
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Ashar Jawad
1 min read
Wedbush analyst Dan Ives on Friday lifted Oklo Inc. (NYSE:
Ives praised Oklo Inc. (NYSE:OKLO)’s business model, under which it sells power directly to customers through long-term agreements. He believes this approach puts the company in a strong place to generate sustained revenue and mitigate challenges emerging in the sector.
The analysts also see an opportunity for Oklo Inc. (NYSE:OKLO) to grow in the small modular reactor (SMR) space, amid a surge in demand for energy to support data creation, storage, and processing.
Oklo Inc. (NYSE:OKLO)’s shares soared 23% on Friday to close at $48.87, after President Trump signed a series of executive orders to streamline the construction of new reactors in the country.
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 AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None.