Jim Cramer Thoughts on 8 Stocks As He Discussed Market Froth

4. Oklo Inc. (NYSE:OKLO)

Number of Hedge Fund Holders: 27

Cramer called Oklo Inc. (NYSE:OKLO) a speculative stock even though he acknowledged that the stock is a “fan favorite”.

“We really don’t need the, if we don’t want them, you know, I’ll tell you what we really don’t need, we don’t need the nuclear fission through Oklo. A total fan favorite. That’s one of the most speculative stocks out there… It’s frightening when you own a stock because of quantum computing prospects and then those hopes are dashed by an authoritative expert.”

Oklo (NYSE:OKLO) specializes in the design and development of fission power plants aimed at providing reliable, commercial-scale energy. Alongside power generation, the company also offers services for recycling used nuclear fuel. Cramer has been wary of quantum computing and nuclear power for a while now and in January, he stated:

“When it comes to nuclear power over-enthusiasm, we’ve seen some of these smaller companies that offer alternatives to the current plants, they worry me. Companies like Oklo with nuclear fission capabilities, NuScale Power with small form factor technology, they’re exciting, but they’re also years from developing anything meaningful. Or as my friend Michael Cembalest. chair of the Market and Investment Strategy group at J.P. Morgan wrote in his… 2025 outlook, ‘What nuclear renaissance? Wake me when we get there.”