Two industrial companies, GE Vernova and Vertiv Holdings, saw stock surges after strong order pipelines and backlogs. GE Vernova’s orders rose 55%, while Vertiv boasted a 60% growth rate in Q3. Both companies reported favorable pricing, with profits up 63% at Vertiv and GE Vernova swinging to a profit of $1.64 per share.

Shares of GE Vernova climbed 4% and Vertiv gained 6% ahead of the opening bell. The companies attribute the surge to increased demand for data center and AI infrastructure. CEO Scott Strazik and Vertiv executive chairman Dave Cote express optimism about the future in their earnings releases.

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