Why OKLO Inc. (OKLO) Soared on Wednesday

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

Wall Street’s main indices ended firmer on Wednesday as share prices remained boosted by positive catalysts from President Donald Trump’s inauguration coupled with better-than-expected earnings performance.

The Dow rose by 0.30 percent, the S&P 500 grew 0.61 percent, while the Nasdaq Composite increased 1.28 percent.

Meanwhile, 10 companies under mixed sectors mirrored Wall Street’s gains. In this article, we will look at which companies led the rally and explore the reasons behind their impressive performance.

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

An aerial view of a nuclear plant, its domes casting a unique shadow.

OKLO Inc. (NYSE:OKLO)

Nuclear power operator OKLO Inc. (NYSE:OKLO) saw its share prices jump for a fifth consecutive day on Wednesday, adding 9.34 percent to finish at $34.17 apiece.

Investors appeared to have snapped up shares in the company fueled by hopes that it would benefit from a projected boom in the US energy sector.

During his inauguration on Monday, President Donald Trump promised that he would bank on the energy industry to bolster US manufacturing.

He said that the US “will bring prices down, fill our strategic reserves up again right to the top, and export American energy all over the world.”

In other news, Oklo recently partnered with RPower to energize data centers using its gas generators for about 24 months.

Oklo said the model will combine immediate energy deployment using RPower’s natural gas generators with a transition path to clean, reliable energy from Oklo’s Aurora powerhouses, thereby eliminating reliance on diesel generators and supporting scalable, sustainable operations.

Overall OKLO ranks 4th on our list of companies that led gains 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 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.