Jim Cramer on Oklo (OKLO): You Need Nuclear Very Badly

We recently published a list of Jim Cramer Says Tech Might Be “Favored” & Discusses 13 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.

In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed Vice President JD Vance’s remarks during a leaked national security chat which saw top Trump administration officials discuss airstrikes on Yemen. While Cramer admitted that the conversation really didn’t fall within his show’s purview, he appreciated the position that Vance took with regard to oil prices. “But JD Vance came out for lower oil prices,” said Cramer. “And I thought that was significant. Obviously, had a very good point of view and a clear point. And he said we didn’t want oil prices to spike off this,” he added.

Cramer also shared that he believes that the Trump “administration is committed to lower oil prices because they want less inflation.” Further commenting on Vance’s remarks, he outlined: “And I felt that was really a very smart question. Will it drive up oil? Some should have asked it. Some did ask it. And I thought it was wise.”

The conversation then shifted to the Trump administration’s fresh round of actions against Venezuela. The President announced earlier this week that any country buying oil from Venezuela would face 25% tariffs. According to him “Well Venezuela is a criminal enterprise country. And I hope that they, I know that there are oil countries that deal with Venezuela. But, Venezuela needs to be cut off.”

The recent gloom surrounding technology companies hasn’t affected Cramer. “[T]he technology industry may be more favored than we realize,” he believes. “It may be a little more selective if you’re hiring a lot of people in this country. I think that you’re gonna get a big break in taxes. In tariffs. That matters,” he added.

As for the President and the stock market, the CNBC TV show host believes that if you’re positive about Trump, then you’re a stock market bull. According to Cramer: “The bulls, to quote the President, I think have the cards.”

He added further:

“I think that there’s going to be a little more common sense, I also think that the President, when the correction, when we hit down the minus ten on that Thursday, I think the President will say maybe I ought to pay a little more attention to this. And he has. And I think that you get a company, let’s say [Michael Dell’s computer hardware company]. They have to have a, they import a lot of stuff. I question whether they’ll have to have a tariff. They’re a great American company.”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on March 25th.

For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Oklo Inc. (NYSE:OKLO)

Number of Hedge Fund Holders In Q4 2024: 27

Oklo Inc. (NYSE:OKLO) is a California-based nuclear power provider. Its shares are up by 9% year-to-date, despite a selloff in March after the firm’s earnings report. The results saw Oklo Inc. (NYSE:OKLO) report a 74-cent loss which was markedly higher than the year-ago results of 47 cents. It also warned about continuing financial losses in the future. Oklo Inc. (NYSE:OKLO)’s fate is tied closely to the data center industry, and analysts remained bullish on the stock after the report. Here is what Cramer said about the firm:

“And that’s why Oklo was so interesting. Even though I think it’s you know very speculative. You need nuclear very badly. You just need nuclear.”

Overall, OKLO ranks 13th 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 doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKLO but that trades at less than 5 times its earnings, check out our report about the 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.