Was Jim Cramer Right About GE Healthcare Technologies Inc. (GEHC)?

We recently published a list of Was Jim Cramer Right About These 12 Stocks? GE Healthcare Technologies Inc. (NASDAQ:GEHC) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 15, Mad Money’s Jim Cramer discussed GE Healthcare Technologies Inc. (NASDAQ:GEHC) as the first spinoff in GE’s transformation, noting its solid performance despite slower recent momentum.

“GE Health is up 46%. They both trounced the S&P 500, which is up 39% over the same period. Now, most of GE Healthcare’s gains came early on, and it’s more of a grind since then. It’s still mainly a grind higher. We have used some moments of weakness to buy some for the Charitable Trust.”

This one quietly slipped 10.06%, making Cramer’s optimism look misplaced in hindsight. GE Healthcare Technologies Inc. (NASDAQ:GEHC) has struggled to excite investors as margin pressure and slowing diagnostics growth weigh on sentiment.

However, Cramer recently admitted that he changed his course on the stock. Here’s what he replied to a caller on May 13:

“Okay, now you know, you’re a club member, you know I sold a lot in the high 80s and then gave up on the rest. The reason I did was because it’s inconsistent and too controlled by China, not America. So I am not going to be a backer. I am going to say the fabled [don’t buy, don’t buy, don’t buy].”

Overall, GEHC ranks 12th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GEHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GEHC and that has 100x upside potential, check out our report about this cheapest AI stock. cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.