AI Stocks Dominate Wednesday’s 10 Worst Performers

8. Oklo Inc. (NYSE:OKLO)

Oklo shares dropped for a second straight day on Wednesday, shedding 8.85 percent to finish at $26.37 apiece as investors reacted to bearish comments from a market expert.

In Monday’s episode of Mad Money, host Jim Cramer underscored that it was “way too early” to jump into OKLO shares.

“I’ll tell you what we really don’t need—we don’t need the nuclear fission through Oklo. A total fan favorite. That’s one of the most speculative stocks out there… It’s frightening when you own a stock because of quantum computing prospects and then those hopes are dashed by an authoritative expert,” he underscored.

In its latest earnings results, OKLO said net loss widened by 129 percent to $73.6 million last year from $32.17 million in 2023, amid a 183-percent jump in operating losses to $52.8 million from $18.6 million year-on-year.

Despite the performance, OKLO said it was optimistic about its business outlook for the year.