NuScale Power Corporation (NYSE:SMR) is a nuclear power generation hardware manufacturer that has seen its shares gain 97.8% year-to-date, despite a 32% dip since late-July. Jim Cramer warned in October 2024 that the company was losing money and suggested investing in GE Vernova instead. Since then, SMR’s stock has surged 192%.

Cramer maintains that NuScale Power Corporation (NYSE:SMR) is overvalued and advises waiting for a stock offering before buying in. He believes the stock is high and points to Oklo as a cautionary tale. Despite the potential of SMR as an investment, Cramer sees greater promise in some AI stocks that offer higher returns with limited downside risk.

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Read more at Yahoo Finance: NuScale Power Corporation (SMR) Is A Nuclear Power Stock That Jim Cramer Was Wrong About