We recently published Jim Cramer Said Quantum Computing Could Quench AI’s Thirst For Water As He Discussed These 14 Stocks . GE Vernova Inc. (NYSE:GEV) is one of the stocks Jim Cramer recently discussed.
GE Vernova Inc. (NYSE:GEV) is one of Cramer’s top nuclear power stocks. Even though his viewers have favored other nuclear stocks, the CNBC TV host has maintained throughout this year that the firm is perhaps the only top investment in the nuclear space. Cramer believes GE Vernova Inc. (NYSE:GEV) has a robust backlog and the relevant expertise to deliver on nuclear power projects. One area that he believes the firm can excel in is in providing energy for AI data centers, and in this appearance, Cramer commented on the firm’s backlog:
“What we have is TVA, but we do know that GE Vernova has pulled forward when it feels that nuclear is going to be ready. 2030.”
The CNBC TV host discussed GE Vernova Inc. (NYSE:GEV) in detail after its earnings. Here is what he said:
“When you look at this incredible run in GE Vernova… The quarter was so good that this thing’s trading like it caught a takeover bid, up 14.5% today, which is a crazy move for a large capitalization stock. More importantly, GE Vernova’s monster rally makes me look like a genius… because it’s a holding in my Charitable Trust… We bought it back in May, and so far, we got a 45% gain. My only real regret is we didn’t buy more… Still, it’s been an amazing winner. The fact that it can work today after already being up 91% for the year and more than 280% since it began trading independently 15 months ago, that tells you just how stunning these results really were…
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