Jim Cramer Discusses These 18 Stocks & President Trump’s $500 Billion AI Plan

7. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders In Q3 2024: 89

GE Vernova Inc. (NYSE:GEV) is an industrial equipment company that caters primarily to the needs of the power generation industry. The firm is a key player in nuclear power generation, and it has been a standout stock for Cramer when it comes to benefiting from growing nuclear power demand from data centers. In his previous remarks, Cramer has stressed multiple times that GE Vernova Inc. (NYSE:GEV) is the only viable nuclear play despite the fact that it doesn’t expect returns from nuclear before the next decade. His latest comments built on this opinion:

“I think that one of the most important things that came out of it that’s not been talked about, he, Scott’s just basically said, he didn’t take back his nuclear stuff, being that it’s 2032-2033. He did say that the orders they are getting now to reboot these decommissioned [nuclear plants] are extraordinary. There’s going to be a renaissance. And it’s ahead of schedule. I asked him, I said listen, don’t do this to me, I’m going to go all heavy on this ship. I don’t, hold me back, hold me back. And he goes, okay, you see [inaudible] five gigawatts of nuclear power in the US between existing facilities and restarting existing fleets of approximately sixty five plants. Five gigawatts would power approximately four million US homes. They’re talking about South Carolina, they’re talking about doing a Diablo Canyon. They’re going to Japan! Where Japan is recommissioning after Fukushima. To London. It is a nuclear renaissance and it is now.

“[on South Carolina] And that’s going to be them. They have the capability of bringing these back online. And it’s cause of the data centers. This is a real good story.”