Oklo Inc. (OKLO) stock is soaring 10.56% in pre-market trading on Friday, as investors react positively to reports of the Trump administration's plans to boost energy supply for artificial intelligence (AI) growth, with a particular focus on nuclear power. This surge comes as part of a broader rally among nuclear energy stocks, with Oklo leading the pack.

According to a Reuters report, the Trump administration is preparing a package of executive orders aimed at addressing the massive power demand growth for data centers driving AI expansion. The measures under consideration include making it easier for power-generating projects to connect to the grid and providing federal land for building data centers. These actions are expected to significantly benefit nuclear energy companies like Oklo, which are at the forefront of developing advanced nuclear technologies.

The move is part of a larger initiative by the Trump administration to win the AI race against China. With AI requiring substantial power for data processing, the demand for reliable and scalable energy sources has increased dramatically. Nuclear energy is seen as a potential solution to meet this growing demand, which explains the positive market reaction for companies in this sector. As the U.S. government takes steps to facilitate the growth of nuclear power and data center infrastructure, Oklo Inc. appears well-positioned to capitalize on these developments, driving investor enthusiasm and the significant pre-market stock price increase.