Reported 2 days ago
Shares of GE Vernova Inc. (GEV) have increased by 50% since Jim Cramer expressed optimism about the company in January, despite his general skepticism about the nuclear power sector. The stock experienced a 21.5% drop during the AI-related market selloff but rebounded by 17.5% after surpassing earnings estimates in July. Cramer highlighted the need for more power plants due to the growing demand for data centers, reinforcing his belief in GEV's potential for continued growth.
Source: YAHOO