Was Jim Cramer Right About These 12 Stocks?

10. Oklo Inc. (NYSE:OKLO)

Number of Hedge Fund Holders: 27

Back in 2024, on May 15, a caller asked about Oklo Inc. (NYSE:OKLO), a newly listed nuclear energy firm focused on small modular reactors. Cramer advised avoiding it and pointed to an alternative.

“That one’s too risky. I’m still going to send you to GE Vernova — that’s the one. They’re going to do the small form factor nukes. That’s the place you want to be.”

One of the worst calls as the stock exploded towards the end of 2024 and is now up 291.29% for the year. Oklo Inc. (NYSE:OKLO) rocketed as speculative interest in next-gen nuclear drove investor enthusiasm far beyond fundamentals.

Despite the stock’s explosive performance, Cramer remains bearish on it. Here’s what he said in April this year:

‘Well, I’m a great believer in nuclear power, but that does not make me want to own any of the stocks that are involved in it right now, given the fact that it’s going to be so many years before we actually build it. So I’m gonna have to say [sell, sell, sell] Oklo.”