Jim Cramer on Oklo: "It Might Have a Future"

Oklo Inc. (NYSE:OKLO) is one of the stocks that Jim Cramer recently discussed. During the episode, Cramer called it a “speculative stock.” He said:

“Now you’ve got, oh hey, you’ve also got the nuclear power stories like Oklo, which sold off hard today… I then talked about someone I met this weekend, get this, who bought Oklo, who truly did not know what the company did other than that, like something to do with nuclear, and it went up a lot.

True, Oklo’s involved with fission power. It can recycle waste as fuel. It might have a future. When the stock hit 30, I was adamant that people had to be careful with it, but then, when it went up another 10%, I threw in the towel. I said, hey, listen, it’s a speculative stock. If you want to own it, go ahead.”

Oklo (NYSE:OKLO) builds advanced fission power plants to deliver clean and reliable energy, and develops technology that turns nuclear waste into fuel for its reactors.

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