“Great Opportunity To Sell,” Says Jim Cramer About Oklo (OKLO)

We recently published 11 Stocks on Jim Cramer’s Radar. Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed.

Oklo Inc. (NYSE:OKLO) reported its earnings for the third quarter yesterday. The results saw the firm report no revenue and a $29.7 million loss that was far steeper than the $18.2 million loss that analysts had pencilled in. Cramer’s co-host Carl Quintanilla outlined that the narrative around the quarter was still constructive after the report. As part of the release, Oklo Inc. (NYSE:OKLO) also outlined that it had received DOE approval for a project in Idaho, and its prototype production reactor should become functional by 2026. Cramer discussed Oklo Inc. (NYSE:OKLO) before and after the earnings:

“It does say that, when Oklo reports, and they report a not great number. You shouldn’t embrace it, just because it’s nuclear. I’ll take Mike Worth and Chevron and natural gas as a power for data centers.

“[After the earnings were released and 20 cent loss was wider than expected with the narrative around the quarter being constructive] Well, great opportunity to sell, that’s fantastic, I’m glad they said positive things, that’s nice. . .nuclear, we still haven’t seen, there’s a lot of big hat no cattle when it comes to nuke.”

While we acknowledge the risk and potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKLO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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