Oklo Inc. (OKLO) Is Being Bought Despite "Not Doing Well," Says Jim Cramer

Oklo Inc. (NYSE:OKLO) is one of the Jim Cramer Discusses US-China Trade War & These 10 Stocks.

Oklo Inc. (NYSE:OKLO) is an American nuclear power company that designs nuclear power plants. Its shares have been one of the best performers in 2025 as they have gained 165% year-to-date. Oklo Inc. (NYSE:OKLO)’s stock jumped by a whopping 29% in June after the firm received an upgrade from Seaport Research which upgraded the stock to Buy from Neutral and set a $71 price target for the company. The upgrade came after the research firm revealed that Oklo Inc. (NYSE:OKLO) is making progress in securing approvals for its products. Cramer discussed Oklo Inc. (NYSE:OKLO) in the context of younger investors buying the shares:

“Carl when I talk to younger people. . .I got stopped this week by a bunch of Israeli guys who said thank you very much, uh, for suggesting that we might want to do nuclear. We went all into Oklo. I mean OKLO is, they’re not doing well. They’re not doing well. But it doesn’t matter.”

The next day, in Mad Money, Cramer discussed some of the reasons behind Oklo Inc. (NYSE:OKLO)’s share price performance:

“Others here should be thinking of the same thing when they have good news, like Oklo. The income statements simply don’t matter in the year of magical thinking because we just learned that Oklo was selected as the intended award winner to power Eielson Air Force Base in Alaska with a nuclear power plant. When it rains, it pours. The NRC, the Nuclear Regulatory Commission, has started reviewing a report that says Oklo could streamline the whole process, which we know is cumbersome… Maybe these guys can build, make it easier to build nukes. I don’t know. Oklo has the whole group jumping, which is exactly what you’d expect in this year of magical thinking.”

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: 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.