Jim Cramer Says Oklo Has "Just Gone Too Far, Too Fast"

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer was focused on recently. Cramer urged investors to take “something off the table,” as he commented:

“This is Oklo… the experimental nuclear power company that’s expected to burn nearly $100 million of cash per year, according to the consensus estimates. Oklo’s yet to book a dime of revenue. Yet, it has more than, it has a $23 billion market capitalization. It’s one of the biggest winners of the year. As she (Carley Garner) sees it, Oklo’s the height of speculation. The kind of stock you put in your discretionary portfolio, but not your retirement portfolio. I couldn’t agree more, and I’m urging you to take something off the table right here. It’s just gone too far, too fast. This is a parabola. You know, I hate parabolas.”

Oklo Inc. (NYSE:OKLO) develops advanced fission power plants to deliver clean and reliable energy and recycles nuclear waste into usable reactor fuel.

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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.