Don’t Rely Too Much On Oklo Inc. (OKLO), Says Jim Cramer

We recently published 11 Stocks Jim Cramer Discussed As He Revealed How To Become ‘King’ Of AI. Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed.

Oklo Inc. (NYSE:OKLO) is a nuclear power company that makes and sells nuclear power plants. Despite the fact that its shares have gained a whopping 249% year-to-date, Cramer isn’t a fan of the stock. Unlike Oklo Inc. (NYSE:OKLO, the CNBC TV host’s only and top nuclear power play is GE Vernova. In his previous comments about the firm, Cramer has remarked that retail investors buying the stock do not invest in it because of the fundamentals. Here are his recent thoughts about Oklo Inc. (NYSE:OKLO):

“I know that people can’t resist an Oklo. I mean Oklo has a deal with Vertiv, I get it. In the data center. And you can own some speculation. But remember, these are companies that, may or may not make it. Own one of them, own two of them, but don’t own ten of them.”

Later during the day, here’s what Cramer said about Oklo Inc. (NYSE:OKLO) on Mad Money:

“Until this market, I found it very hard to recommend anything… because historically, parabolic moves tend to explode in your face. But you know what? I violated my rule for this market simply because the moves are too big and the opportunities too frequent to pass on all of them. I don’t want you to miss making some big money because of a view that might no longer be relevant. Let’s take some stocks.

Take Oklo, okay. You might have seen them on TV today. Here’s a company that I’m asked about every couple of weeks, one that’s working on new nuclear technology. I felt that the stock’s parabolic run from $21 to $31 was just too steep for me, even as I’m a huge believer in nuclear. Finally, I switched my view and told people to buy it regardless of the parabola because it has just so much going for it. Today, Oklo announced an integrated power solution for data centers, might be worth billions to shareholders. It’s a turnkey solution no one else has. The stock has now doubled since I waived my parabola ban, doubled.”

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Disclosure: None. This article is originally published at Insider Monkey.