Jim Cramer Says Oklo Has “Just Gone Too Far, Too Fast”

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer was focused on recently. Cramer urged investors to take “something off the table,” as he commented:

“This is Oklo… the experimental nuclear power company that’s expected to burn nearly $100 million of cash per year, according to the consensus estimates. Oklo’s yet to book a dime of revenue. Yet, it has more than, it has a $23 billion market capitalization. It’s one of the biggest winners of the year. As she (Carley Garner) sees it, Oklo’s the height of speculation. The kind of stock you put in your discretionary portfolio, but not your retirement portfolio. I couldn’t agree more, and I’m urging you to take something off the table right here. It’s just gone too far, too fast. This is a parabola. You know, I hate parabolas.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to deliver clean and reliable energy and recycles nuclear waste into usable reactor fuel.

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.

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