GE Vernova’s latest quarter results exceeded expectations, with adjusted earnings of $1.78 per share and revenue hitting $9.11 billion. Orders for gas turbines and other equipment surged, driven by the AI boom in data centers, pushing shares up 15%. CEO Scott Strazik highlighted strong demand from data centers and a 30% increase in steam services orders supporting nuclear power. Big Tech hyperscalers like Amazon, Microsoft, Google, and Meta are investing heavily in infrastructure, with GE Vernova seen as a key beneficiary. The company’s strategic positioning at the data center-AI-power demand intersection has Wall Street bullish on its future growth potential.

Read more at Yahoo Finance: Why GE’s power spin-off is one of the biggest winners from the AI boom