The article argues that GE Vernova, which makes natural gas turbines, wind turbines and grid equipment, has seen its shares rise nearly 600% since its 2024 spin-off from GE Aerospace, driven by power demand from AI data centers. In Q2, the power division took $16.7 billion in new orders, up 134%, while the electrification arm grew revenue 68% to $3.6 billion and orders 93% to more than $6.3 billion. Total backlog stands at $176 billion, far above the $53 billion analysts expect for next year's revenue, and manufacturing capacity is the main bottleneck. Management said about 80% of its customers are traditional and 20% are data centers, and the IEA expects global electricity demand to grow 3.5% per year through 2030. The article notes a consensus price target of $1,199.47.
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GE Vernovaelectricitydata centersartificial intelligence
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/21/2026 | 221.87 |
| Change that session | +2.49% |
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