Oklo Stuns (OKLO) Wall Street with 203% YTD Gain

We recently published 10 Stocks Exploded Over 100%; One Shockingly Soared 11,000%. Oklo Inc. (NYSE:OKLO) is one of the top-performing mid-cap companies of the first half of the year.

Oklo shares jumped by 203 percent year-to-date, finishing at $64.37 on Wednesday versus the $21.23 finish on December 31, as investor sentiment was boosted by a flurry of catalysts, including rosy prospects from the AI sector, alongside company-specific developments.

Among the leads, Oklo Inc. (NYSE:OKLO) largely benefited from US President Donald Trump’s two executive orders, which aim to ramp up the utilization of nuclear reactor technologies to support the growing power demand and national security.

Additionally, Oklo Inc. (NYSE:OKLO) was tapped by the Defense Logistics Agency Energy (DLA Energy) to provide clean, reliable power through the deployment of an Aurora powerhouse at the Air Force installation selected for the project.

Under the terms of the anticipated agreement, Oklo Inc. (NYSE:OKLO) would design, construct, own, and operate the power plant, delivering both electricity and heat to the DAF’s preferred installation, Eielson Air Force Base in Alaska, under a long-term power purchase agreement.

While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.