10 Stocks Plummet on Wednesday

7. Oklo Inc. (NYSE:OKLO)

Shares of Oklo Inc. (NYSE:OKLO) fell for a third straight day on Wednesday, losing another 10.10 percent to end at $45.12 apiece as investors unloaded portfolios over the lack of catalysts to spark buying appetite.

OKLO, a nuclear technology company riding the wave of the booming Artificial Intelligence industry, traded lower in line with counterparts riding the wave of the AI industry over the potential threats of China’s AI platform, DeepSeek.

Earlier this year, nuclear energy firms were heavily hit by the emergence of DeepSeek, which suggested that the AI industry might not require as much energy as previously anticipated.

Concerns were triggered further for the US AI sector after DeepSeek announced a major breakthrough that could accelerate the development of AI applications, raising concerns about China’s dominance in the field.