Jim Cramer Breaks Silence On DeepSeek AI Sell-Off & Discusses These 12 Stocks

5. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders In Q3 2024: 89

GE Vernova Inc. (NYSE:GEV) is a General Electric spin-off. As data center stocks surged in 2024, its shares also benefited to make it a ‘traveler’ stock according to Cramer. GE Vernova Inc. (NYSE:GEV)’s shares soared by 144% from the day they started trading to the close of the year. This was because of the firm’s exposure to nuclear power. Ahead of Monday, GE Vernova Inc. (NYSE:GEV) has been Cramer’s top nuclear stock pick on the back of strong management execution and despite the fact that he believes that the benefits from nuclear won’t be visible before the end of the decade. Yet, as data center stocks fell, GE Vernova Inc. (NYSE:GEV)’s shares also slid by 21.5%. As the stock fell, here’s what Cramer said:

“Like GE Vernova, which I’ve really liked for a long time. But do I wanna step in right here in GE Vernova and say, this is it. I don’t feel capable to be able to say this is it. SoFi, Ge Vernova, none of this.”

“Look I was on the phone with people from GE Vernova last week, and there’s no doubt about it, there’s no power demand then there ever has been. And that those orders are, those are the long life orders, it’s not like you can come in tomorrow and say I would like very much to have a natural gas plant. I mean this takes a long time.”