In This Article:
We recently published a list of Was Jim Cramer Right About These 12 Stocks? In this article, we are going to take a look at where Oklo Inc. (NYSE:OKLO) stands against other stocks that Jim Cramer discusses.
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.
Copyright: nexusplexus / 123RF Stock Photo
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.”
Overall, OKLO ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OKLO and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.