Why Oklo Inc. (OKLO) Plummeted on Wednesday

We recently compiled a list of the 10 Stocks Plummet on Wednesday. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against the other stocks.

The stock market ended firmer on Wednesday, with all major indices finishing in the green territory as investors weighed news of President Donald Trump’s imposition of a new round of tariffs while digesting minutes of the Federal Reserve.

The Dow Jones rose by 0.16 percent, the S&P 500 increased by 0.24 percent, while the tech-heavy Nasdaq eked out a 0.07 percent gain.

Ten companies bucked a broader market optimism, posting heavy losses, mostly due to disappointing earnings performance last year.

To come up with Wednesday’s worst performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A leading semiconductor chip on a computer robot arm, reflecting the technology advances of the company.

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 Inc. (NYSE: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.

Overall OKLO ranks 7th on our list of the stocks that plummeted on Wednesday. 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.