Shares of Oklo Inc. (OKLO) surged 5.24% during intraday trading on Wednesday, reflecting a significant upward movement for the nuclear-power company.

The move aligns with a broader market trend where investors are rediscovering a taste for extremely speculative stocks. According to market analysis, speculative names, particularly in sectors like quantum computing and nuclear power, have seen big gains this month as the broader market rebounds. Oklo is specifically mentioned among the nuclear-power names benefiting from this shift.

Market strategists describe this as a "rolling momentum trade," where investors, after pauses in crypto and metals trades, are gravitating back toward risky bets in the stock market. Increased retail investor activity and a general rise in risk appetite are cited as key drivers behind the bid-up in speculative names like Oklo.