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We recently published a list of These 10 Firms Blowing Up by Double Digits Today. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other firms blowing up by double digits today.
Ten individual stocks soared by double digits on Wednesday, outperforming a lackluster performance among Wall Street’s indices, thanks to the 90-day truce between the US and China that continued to boost investor confidence.
In contrast, Wall Street’s indices were mixed, with the tech-heavy Nasdaq growing 0.72 percent, followed by the S&P 500, up 0.10 percent. The Dow Jones declined by 0.21 percent.
In this article, we name Wednesday’s 10 best-performing stocks and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A construction crew working on a solar energy system, revealing the company's drive for success.
Oklo Inc. (NYSE:OKLO)
Oklo Inc. rallied for a fourth consecutive day on Wednesday, jumping 15.55 percent to finish at $37.01 apiece as investors continued to snap up shares following its strong earnings performance in the first quarter of the year.
In a statement, Oklo Inc. (NYSE:OKLO) trimmed its net loss by 59.16 percent to $9.8 million from the $24.02 million registered in the same period last year, despite incurring a 142-percent increase in loss from operations of $17.9 million versus $7.37 million year-on-year.
In other news, Oklo Inc. (NYSE:OKLO) announced the appointment of Pat Schweiger as its new chief technology officer. Previously, he served as chief engineer at SPARC at Commonwealth Fusion Systems as well as senior vice president and vice president for TerraPower.
“Pat’s decades of experience and expertise in power engineering will be a tremendous asset to Oklo as we move toward the commercialization of our advanced nuclear technologies,” said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte.
Overall, OKLO ranks 5th on our list of firms blowing up by double digits today. 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.