These 10 Firms Topped Wednesday’s Trading

8. Oklo Inc. (NYSE:OKLO)

Oklo Inc. grew its share prices for a second day on Wednesday, adding 12.6 percent at intra-day trading before ending the day just up by 8.45 percent at $23.35 apiece as investor sentiment was fueled by its chairman’s resignation to boost ties with other artificial intelligence companies.

In a statement, OKLO said Sam Altman, chief executive officer of OpenAI, has stepped down from his position as chairman of the board. The move was vital in boosting the company’s strategic partnerships with other AI firms and avoiding any conflict of interest.

“As OKLO explores strategic partnerships to deploy clean energy at scale, particularly to enable the deployment of AI, I believe now is the right time for me to step down,” Altman said.

“Historically, energy availability and cost, along with computational limitations, have been fundamental constraints on technological progress. A future where these are no longer limiting factors will be radically different, and I look forward to following Oklo’s leadership in driving this transformation,” he added.

Jacob DeWitte, OKLO’s CEO and co-founder, will replace Altman as OKLO’s chairman.