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Oklo Inc. (NYSE:OKLO) is one of the 10 Stocks Besting Wall Street With Easy Double-Digit Gains.

Oklo surged by 15.65 percent on Wednesday to finish at $72.41 apiece, mirroring the broader market rally primarily boosted by the easing tensions in the Middle East.

Notably, investors are increasing positions in stocks riding the artificial intelligence wave, while fleeing sectors seen as vulnerable to the uncertainties in the US-Iran war.

A rendering of Oklo’s Aurora powerhouse. Photo from Oklo website

The rally was also supported by the US government’s continued backing of the nuclear sector as it eyes ramping up energy expansion in the country to fill the growing demand.

Earlier this week, Oklo Inc. (NYSE:OKLO) earned a “hold” recommendation from investment firm UBS, alongside a price target of $60. The figure, however, was markedly lower by 20.68 percent than its closing price on Wednesday.

Apart from UBS, four other investment firms also issued a “hold” recommendation for its stock, while eight others turned more bullish, recommending investors to “buy” its shares.

In other news, Oklo Inc. (NYSE:OKLO) late last month said that its co-founder and Chief Executive Officer, Jacob DeWitte, was tapped by President Donald Trump to serve as one of his advisors at the President’s Council of Advisors on Science and Technology or PCAST. He would bring direct experience in advanced nuclear technology development for clean and reliable power.

DeWitte joins other executives in the PCAST, including Nvidia Corp.’s Jensen Huang, Oracle Corp.’s Larry Ellison, and Meta Platforms Inc.’s Mark Zuckerberg, among others.

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