Oklo Inc.'s stock soared 9.39% during intraday trading on Wednesday, continuing a strong rally in the nuclear energy sector.

The surge is driven by a landmark partnership with Meta to develop a 1.2 GW nuclear technology park in Ohio, addressing the surging electricity demand from artificial intelligence development. Meta's agreement includes financial backing to secure nuclear fuel supply and advance the project's first phase, highlighting big tech's commitment to next-generation nuclear energy infrastructure for powering AI operations.

Additionally, Oklo announced significant leadership changes, including the appointment of four new directors to its board and naming Michael Thompson as lead independent director. These governance enhancements are seen as strengthening the company's operational expertise as it advances toward deploying its small modular reactor technology.