Jim Cramer on Oklo: "I Believe in Their Strategy"

Oklo Inc. (NYSE:OKLO) is one of the stocks highlighted by Jim Cramer in the lightning round. A caller asked for Cramer’s thoughts on the company, and he replied:

“Okay, I believe in nuclear, I believe in nuclear power. I believe in their strategy. I do think that the company at $12 billion is not a bad buy. It has been up a huge amount, 290%. Let’s be a little careful, but I think it’s a good company, good stock.”

Oklo Inc. (NYSE:OKLO) designs advanced fission power plants and develops nuclear fuel recycling technology that transforms waste into usable reactor fuel. The company plans to deliver clean and cost-effective energy at scale. Cramer discussed the company during the July 23 episode and said:

“Until this market, I found it very hard to recommend anything… because historically, parabolic moves tend to explode in your face. But you know what? I violated my rule for this market simply because the moves are too big and the opportunities too frequent to pass on all of them. I don’t want you to miss making some big money because of a view that might no longer be relevant. Let’s take some stocks.

Take Oklo, okay. You might have seen them on TV today. Here’s a company that I’m asked about every couple of weeks, one that’s working on new nuclear technology. I felt that the stock’s parabolic run from $21 to $31 was just too steep for me, even as I’m a huge believer in nuclear. Finally, I switched my view and told people to buy it regardless of the parabola because it has just so much going for it. Today, Oklo announced an integrated power solution for data centers, might be worth billions to shareholders. It’s a turnkey solution no one else has. The stock has now doubled since I waived my parabola ban, doubled.”

While we acknowledge the potential of OKLO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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