Jim Cramer on GE Vernova: “You Want to Buy It Right Here”

GE Vernova Inc. (NYSE:GEV) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. When a caller asked if the stock is a good buy here, Cramer stated:

I think it’s a great buy. It was just crushed yesterday. It was up nicely at one point today, and it gave up the ghost. I don’t get that. It gave up 30 points. I say you want to own this. You want to buy it right here. It remains the best when it comes to more turbines, and turbines are in very short supply.

A stock market chart. Photo by Arturo A on Pexels

GE Vernova Inc. (NYSE:GEV) provides products and services for generating, converting, storing, and managing electricity, including gas, nuclear, hydro, and wind technologies. Cramer was bullish on the stock when a caller asked about it during the June 30 episode. He said:

GE Vernova of those is my favorite. It’s one that the Charitable Trust has a very big position in. I believe in Scott Strazik. I think it is a terrific situation. Held up very well. I say still buy GE Vernova.

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

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1