On the May 29, 2026 episode of Mad Money, a caller named Patrick from Virginia brought Jim Cramer a problem most investors would love to have. He bought NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) back in 2017 when Jim Cramer called it “the stock of our generation,” and over the next eight years, the position grew to roughly 60% of his individual stock portfolio. Patrick has spent the past year actively trimming the position and asked Cramer whether GE Vernova (NYSE:GEV) made sense as a stock to diversify into.
Cramer’s answer doubled as both a green light on the new pick and a defense of the original thesis: “I still like NVIDIA very much. I’m not backing away from NVIDIA.”
The 60% Problem
A single stock growing into majority control of a portfolio is the kind of outcome long-term investors fantasize about, and few know how to manage. Selling can be difficult because of taxes, conviction in the business, or simply the emotional attachment that comes from owning a major winner for years.
Patrick’s approach stood out because he spent a year trimming the position in stages. That allowed him to reduce concentration risk without abandoning a stock that helped build his portfolio in the first place.
Cramer’s Take on NVIDIA
NVIDIA remains one of the market’s defining winners. The stock closed at $211.14 in the most recent session, giving the company a market capitalization of roughly $5.1 trillion. Shares have gained 51.7% over the past year and more than 13% year to date.
The business continues to produce results that support the bullish narrative. In Q1 FY2027, NVIDIA reported $81.6 billion in revenue, up 85.2% year over year, while Data Center revenue surged 92% to $75.25 billion. Management authorized an additional $80 billion in share repurchases.
CEO Jensen Huang described the demand environment in unmistakable terms: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” The AI boom that attracted investors years ago continues to drive growth across NVIDIA’s business today.
Why Cramer Likes GE Vernova
Cramer also expressed enthusiasm for Patrick’s diversification target. “I think GE Vernova is absolutely terrific. We know that it’s come down nicely from its top. It’s at a very good level.” While GE Vernova has pulled back nearly 9% over the past month, the stock remains up more than 105% over the last year. The appeal goes beyond the recent price action.
The company sits on the other side of the AI buildout. While NVIDIA supplies the chips powering AI systems, GE Vernova provides much of the electrical infrastructure needed to run them. Data centers require enormous amounts of power, and demand for generation, transmission, and grid equipment has become one of the biggest secondary beneficiaries of the AI boom.
During Q1 2026, GE Vernova booked $2.4 billion of data center-related electrification equipment orders, surpassing the total recorded during all of 2025. Total orders climbed 71% organically to $18.3 billion, and management raised full-year free cash flow guidance to $6.5 billion to $7.5 billion.
GE Vernova would allow Patrick to reduce his concentrated NVIDIA position while maintaining exposure to the same long-term AI infrastructure theme.
A Market Looking for New Leaders
Cramer ended the discussion with a broader observation about the market: “This market needs a few more catalysts to broaden it out besides the data center. Maybe we’ll get that in June. Got to hope so, because you can’t just keep trading the same stocks.”
A relatively small group of AI-related companies has driven a large portion of market gains and earnings growth expectations in recent years. For investors sitting on oversized winners, that means position sizing might deserve as much attention as stock selection.
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