Oklo Inc. (OKLO) saw its shares surge 9.89% in the pre-market session on Wednesday, driven by investor optimism surrounding the company's potential to benefit from former President Donald Trump's proposed energy plans and the growing demand for clean energy from the burgeoning artificial intelligence (AI) industry.

The rally comes after Trump unveiled a series of orders aimed at boosting domestic oil, gas, and nuclear power production, while rolling back climate regulations. This energy-friendly agenda is expected to create a favorable regulatory environment for the nuclear energy sector, including companies like Oklo that develop advanced nuclear technology and small modular reactors (SMRs).

Notably, Trump nominated Chris Wright, a former Oklo board member, to lead the U.S. Department of Energy. Wright has expressed support for prioritizing nuclear power production and liquefied natural gas as part of his plan to increase U.S. energy output, further fueling investor confidence in Oklo's prospects under the proposed energy plans.