Reported about 7 hours ago
GE Vernova, a spinoff from General Electric, is experiencing a significant rise in its stock price, driven by the increasing energy needs of AI infrastructure being developed by major tech companies. With shared optimism from Wall Street, Vernova is anticipated to benefit from a projected doubling of power demand due to the investments from tech giants like Amazon and Microsoft in AI and cloud technologies. However, some analysts urge caution, suggesting the stock may need a period of consolidation after its impressive gains.
Source: YAHOO