Was Jim Cramer Right About GE Vernova Inc. (GEV)?

We recently published a list of 12 Stocks Jim Cramer Was Right About. In this article, we are going to take a look at where GE Vernova Inc. (NYSE:GEV) stands against other stocks that Jim Cramer discusses.

Back in 2024, on May 15, Mad Money’s Jim Cramer discussed the latest piece of GE’s breakup, expressing optimism about GE Vernova Inc. (NYSE:GEV), especially given rising demand for natural gas.

“GE Vernova is up 18%. You know, I think this Vernova — which is really natural gas — it’s got a lot of room to run. The data centers need a lot of natural gas. Utilities.”

A home-run prediction as it surged 157.25%, easily making it one of his best calls this year.

GE Vernova Inc. (NYSE:GEV) has become a clean energy standout with its natural gas and renewables exposure powering recent investor interest. Here’s what Cramer said about the stock in late April:

“I have . .GE Vernova and I’ve got Vertiv on tonight. . the CEOs. And I just want to say that there’s been a lot of what I regard as misinformation about the data centers slowing. And both, when you read the Vertiv notes, like forget it, the business is on fire. When you speak to Scott, Scott Strazik who’s the CEO of GE Vernova, he would tell you that the hyperscalers like to play. Like they put some here, they wanna put there, and they talk about doing this, talk about that. But in the end the orders are up and that anyone who thinks that the hyperscalers are scaling back, frankly, is just, not telling the truth.”

“What Scott is saying for GE Vernova is that’s the game they’re playing. They’re just trying to build it here, they’re trying to build it there. They’re not gonna let each other know. It’s just a little bit more secretive but I’m the keeper of the order book and the order book is [inaudible]. So those who are trying to get those down . . .they gotta rethink their game. They gotta rethink. It’s all I’m saying.”

Overall, GEV ranks 9th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of GEV 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 GEV and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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