We are buying 20 shares of GE Vernova at roughly $595. Following the trade, Jim Cramer’s Charitable Trust will own 90 shares of GEV, increasing its weighting to roughly 1.5% from 1.15%. Shares of the power equipment maker GE Vernova have been trading mostly sideways since surging 14% to $629 on July 23, following a much better-than-expected second quarter and a raised full-year outlook. The stock has since dropped about 9% from its all-time high close of $664.55 on Aug. 6. In keeping with our view of patiently waiting for a pullback to buy what Cramer has previously called “maybe the best story in the entire market,” we are nibbling on shares and upgrading our rating to 1. Our conviction in the long-term demand for AI infrastructure has increased over the past few weeks following OpenAI’s announcement of new partnerships to deploy at least 10 gigawatts of AI data centers using Nvidia systems and 6 gigawatts of AMD GPUs. OpenAI made these deals to secure access to computing power. But that brings up another key issue: where will all this power come from? One thing we’re wondering is whether OpenAI will also make deals with power suppliers like GE Vernova, whose gas turbines are used to generate electricity, and its electrification products provide grid solutions and power conversion. GE Vernova’s onshore wind business is expected to remain soft. But the update CEO Scott Strazik provided at Morgan Stanley’s Laguna Conference last month “priced” the bad news in the stock. The wind segment is also the least compelling of GE Vernova’s three businesses. In a note published in September by JPMorgan, the analyst said wind represented less than 1% of its sum-of-the-parts derived 2026 year-end price target of $715. (Jim Cramer’s Charitable Trust is long GEV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
