Jim Cramer Can’t Believe What’s Happening With GE Healthcare (GEHC)

We recently published Jim Cramer Commented On Big Market Confusion & Discussed These 20 Stocks. GE HealthCare Technologies Inc. (NASDAQ:GEHC) is one of the stocks discussed by Jim Cramer.

GE HealthCare Technologies Inc. (NASDAQ:GEHC) is one of the largest medical device manufacturers in the world. Its shares are down by 13% over the past year and 26% year-to-date. Piper Sandler discussed the firm on April 17th, as it reduced the share price target to $88 from $96 and kept an Overweight rating on the stock. GE HealthCare Technologies Inc. (NASDAQ:GEHC)’s acquisition of medical imaging software company Intelerad played a central role in Piper Sandler’s coverage. The financial firm commented that the medical device company could boost its annual revenue by $270 million through the affair. With GE HealthCare Technologies Inc. (NASDAQ:GEHC)’s shares down by 13% over the past month, Cramer discussed the impact of the conflict in Iran on the firm’s business:

“This war, it’s now reverberating through everything. You know GE Healthcare talked about it, GE Healthcare! That’s like an MRI, MRI! I mean, talk about impact. Like you ever use an MRI? Do you ever imagine that’s going to be the Gulf? You know the Strait of Hormuz? You know what I mean?”

Jim Cramer Can't Believe What's Happening With GE Healthcare (GEHC)

While we acknowledge the risk and potential of GEHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GEHC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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