Oklo Inc (OKLO) – Jumps 30% After New Government Deal

We recently published a list of These 10 Stocks Are Flying High. In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other best-performing stocks on Wednesday.

Oklo Inc. soared by 29.48 percent on Wednesday to finish at $68.03 apiece after it was selected by the US Air Force to deploy its advanced Aurora powerhouse to its military base in Alaska.

In a statement, Oklo Inc. (NYSE:OKLO) said the project serves as the Department of the Air Force’s (DAF) microreactor pilot to enhance energy resilience and reliability for critical national security infrastructure.

Under the terms of the agreement, Oklo Inc. (NYSE:OKLO) will design, construct, own, and operate the power plant at the Eielson Air Force Base in Alaska.

“This Notice of Intent to Award reflects continued confidence in Oklo’s ability to deliver clean and secure energy solutions for mission-critical infrastructure,” said Oklo Inc. (NYSE:OKLO) co-founder and CEO Jacob DeWitte.

Oklo Inc (OKLO). Jumps 30% After New Government Deal

An aerial view of a power plant, symbolizing the company’s investments in energy infrastructure sector.

“We are honored to support national defense resilience objectives while demonstrating the value of U.S.-pioneered fast reactor technology,” he added.

Overall, OKLO ranks 1st on our list of best-performing stocks on Wednesday. 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: 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.