We recently published a list of Pulse of the Market: Wednesday’s 10 Top Performers. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other Wednesday’s top performers.
The stock market regained momentum on Wednesday, with all main indices ending in the green, as investors cheered the Federal Reserve’s decision to keep interest rates unchanged.
The tech-heavy Nasdaq led the gains, rallying 1.41 percent, followed by the S&P 500 with a 1.08 percent gain, and the Dow Jones, by 0.92 percent.
Optimism spilled over into companies, with 10 particularly leading the charge. In this article, we have identified Wednesday’s 10 best performers and detailed the reasons behind their gains.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5 million in trading volume.
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Oklo Inc. (NYSE:OKLO)
Shares of Oklo grew by 7.8 percent on Wednesday to close at $28.05 apiece, tracking the overall rally in the broader market and energy industry.
Investor sentiment was boosted by ongoing efforts from the Trump administration to prop up energy demand in the country, coupled with an expected spike in energy demand from the Artificial Intelligence industry.
Just recently, OKLO sealed a deal with RPower to deploy a phased power model for data centers. The model combines immediate energy deployment using RPower natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, eliminating reliance on diesel generators and supporting scalable, sustainable operations.
Meanwhile, the Department of Energy on Monday approved the disbursement of a loan for the Palisades Nuclear Plant, signaling the dawn of the nuclear sector and further benefiting nuclear technology companies.
Overall, OKLO ranks 9th on our list of Wednesday’s top performers. 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 doing so within a shorter time frame. If you are looking for an AI stock that is as promising as OKLO but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
