Jim Cramer on Oklo: Nuclear Startup's Valuation and Market Reality

Oklo's Ambitious Valuation

• 💡 The FT reports on Oklo, a nuclear startup with a $20 billion valuation but no revenue.
• 📌 Sam Altman and Bobby (presumably Kotick) are mentioned as backers, and the president also reportedly likes the company.

Skepticism from GE Vernova

• 🎯 GE Vernova, a major nuclear power equipment manufacturer, views Oklo's technology as pie in the sky, potentially not viable until 2040.
• ⚠️ GE Vernova questions Oklo's timeline for operational small nuclear reactors, suggesting it's unlikely to be ready by the late 2020s.
• 🔬 The company emphasizes that GE Vernova is the only one actively building nuclear power, alongside wind and natural gas turbines.

Market Performance and Scale Concerns

• 📈 Oklo's stock has reportedly surged 500%, with a significant short interest, suggesting a potential short squeeze.
• 🚀 Cramer believes that even if Oklo succeeds, its technology may not achieve scale by 2030, unlike GE Vernova's offerings.
• 🔑 The need for scale in nuclear power is highlighted, referencing examples like Diablo Canyon.

Cramer's Investment Advice

• 📉 Cramer advises selling stocks of companies with no revenue, comparing the current market sentiment to 2021.
• ⚠️ He warns against investing in speculative or