Jim Cramer Discussed These 21 Stocks As Bond Yields Soared

Page 15 of 19

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 that caters to the needs of the nuclear power industry. The firm’s shares performed well in 2024 after they gained more than 150% during the year. The optimism surrounding GE Vernova Inc. (NYSE:GEV) is partly based on the firm’s exposure to nuclear power which is the power source of choice for data center and AI computing. However, Cramer has been a skeptic of the nuclear industry as he believes the time duration of setting the projects places their returns far into the future. Here’s what he said about GE Vernova Inc. (NYSE:GEV):

“I have a froth watch this morning on my, what I’m looking at. Uh, the nuclear power stocks, they’re just ridiculous frankly. Other than GEV. And there’s, GEV doesn’t think they’re anything until 2032.”

Page 15 of 19