Jim Cramer Hopes Terrestrial Energy (IMSR)’s Doing Better Than Other Nuclear Companies

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Terrestrial Energy Inc. (NASDAQ:IMSR) is one of the stocks on Jim Cramer’s radar.

Terrestrial Energy Inc. (NASDAQ:IMSR)’s shares started trading on the NASDAQ on October 29th to make it one of the latest listings on the market. The firm is developing molten salt nuclear reactors, which it believes can have a shorter delivery timeline when compared to alternatives. Throughout this year, Cramer hasn’t held back on the skepticism when discussing nuclear power companies. He believes that most nuclear firms have long timelines for deliveries and has frequently touted GE spinoff GE Vernovaas as his top nuclear stock pick. The day this show was aired, Terrestrial Energy Inc. (NASDAQ:IMSR) rang the opening bell. Naturally, Cramer commented that several nuclear power companies trading right now reminded him of the year 2000:

Jim Cramer Hopes Terrestrial Energy (IMSR)'s Doing Better Than Other Nuclear Companies

“I hope that they’re doing better than a lot of the other nuclear companies. You do the search for nuclear, and for quantum, and for bit, and you just say, oh, 2000, 2000, 2000, 2000. These are ground zero. And these are the ones that have to cease hurting people before they can advance.”

While we acknowledge the risk and potential of IMSR 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 IMSR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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