Overview
- Jim Cramer called GE Vernova a very important company for supplying power to data centers, saying it provides a plurality of their energy needs.
- He said he immediately liked the latest earnings, highlighting excellent order growth tied to electrification and hyperscaler demand.
- Cramer asserted that GE Vernova is the only firm actually building nuclear power products, presenting it as uniquely positioned in that market.
- Insider accounts relayed that Strazik reported contact with Sam Altman, with no formal partnership disclosed.
- Shares swung sharply around the report, with a premarket pop, an intraday drop of about 50 points, and a close roughly $9 lower after recovering most losses.