CNBC's Jim Cramer on Thursday told investors that resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow.
While the tech megacaps are investing heavily in nuclear energy, Cramer suggested that power won't play a huge role in the data center for at least a decade.
He also reviewed GE Vernova 's recent quarter, saying the company's strength came from electrification and natural gas, not wind or nuclear power.
But Cramer also stressed that the conversation around fossil fuels extends beyond the automotive industry.
"The truth is, fossil fuels are essential for a lot more than vehicles, like it or not."
Persons:
CNBC's Jim Cramer, Cramer, Elon Musk
Organizations:
Meta, Nvidia, Google, Microsoft, GE