Oklo Inc. (OKLO) Is A "Very Good" Speculative Play, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Recently Talked About As He Said I’m A Quantum Computing “Believer”. Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer recently discussed.

Oklo Inc. (NYSE:OKLO) is a nuclear power company that specializes in small modular reactors (SMR). Its shares have gained a whopping 231% year-to-date, with the strong share price performance also shifting Cramer’s views about the stock. While earlier during the year, Cramer was skeptical about Oklo Inc. (NYSE:OKLO), he now believes it is a good speculative play to have in one’s portfolio, provided other, non-speculative stocks are also present. Here are his recent thoughts about the nuclear company:

“Well, I’ve got to tell you, I actually liked them but they were people who wished that they had more contracts. And they referenced the federal government, and you know, they didn’t, I thought it I was good. I happen to like nuke and they’ve got a very, they have a very coherent nuke thing for people who are into speculation, they’re a good spec. . .yeah it’s a very good spec.”

Previously, Cramer discussed Oklo Inc. (NYSE:OKLO)’s share price performance:

“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, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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