Why Oklo Inc. (OKLO) Went Up On Wednesday

We recently published a list of These 10 Firms Topped Wednesday’s Trading. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other firms that topped Wednesday’s trading.

Wall Street’s major indices rebounded anew on Wednesday as worries about tariff policies and the Federal Reserve’s independence tapered off after President Donald Trump assured that he had no intentions of ousting Jerome Powell.

The Nasdaq surged by 2.5 percent, the S&P 500 rose by 1.67 percent, while the Dow Jones increased by 1.07 percent.

Ten companies mirrored the broader market optimism as optimistic investors resumed pouring funds into their stocks. In this article, we have identified Wednesday’s 10 best-performing stocks during the intra-day trading and detailed the reasons behind their strong performance.

To come up with the list, we considered only the stocks with more than $2 billion in market capitalization and $5 million in intraday trading volume.

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.

Overall, OKLO ranks 8th on our list of firms that topped Wednesday’s trading. 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 time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. 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 this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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