We recently compiled a list of the 10 Firms Shine Amid Market Slump. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against the other stocks.

Ten companies kicked off this week's trading on a positive note, defying a broader market pessimism amid growing trade tensions among the US, Mexico, China, and Canada over the retaliation of tariffs on each other's goods.

On Monday, the Dow Jones lost another 0.28 percent, while the S&P 500 and the Nasdaq Composite both registered steep declines of 0.76 percent and 1.20 percent, respectively. The slump came following President Donald Trump's announcements that he would slap a 25-percent tariff on Canadian and Mexican goods, while a special 60-percent rate would be taxed on Chinese products.

Ten companies under mixed sectors defied a broader market downturn, leading the charge among market advancers. In this article, we will examine which companies performed well and the factors driving their success.

The list of top advancers only considered the companies with at least $2 billion in market capitalization and $5 million in daily trading volume.

A Nuclear power plant with all its safety & security protocols in place.

Oklo Inc. (NYSE:OKLO)

Shares of Oklo grew 10.38 percent on Monday to close at $45.93 apiece as investors snapped up shares in the company to push its valuation to a new all-time high, signaling a remarkable display of confidence.

The buying momentum seemed to have been continually driven by optimism that Oklo would benefit from a projected boom in the US energy sector. During his inauguration, President Donald Trump promised that he would bank on the energy industry to bolster US manufacturing.

He said that the US “will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world.”

In other news, Oklo recently partnered with RPower to energize data centers using its gas generators for about 24 months.

Oklo said the model will combine immediate energy deployment using RPower’s natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, thereby eliminating reliance on diesel generators and supporting scalable, sustainable operations.

Overall OKLO ranks 2nd on our list of the stocks that shone amid market slump. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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