Amazon.com and Alphabet are expanding capital spending to fuel AI growth. GE Vernova expects earnings to more than double in the next few years. Combined, Amazon and Alphabet’s 2026 capital spending commitments amount to $385 billion, dwarfing the 2025 total of $222 billion. GE Vernova stock rose by over 5% in response to the news.

Oracle’s exposure to OpenAI has led to market skepticism. With a $300 billion deal for computing power, Oracle faces a cash burn of potentially $115 billion by 2030. Microsoft’s Azure backlog is also impacted, but GE Vernova stock continues to rise due to strong demand from hyperscalers.

GE Vernova’s stock performance is driven by demand for power to support data centers. The company anticipates mid-teens revenue growth and more than doubling earnings from 2025 to 2028. The recent capital spending commitments by Amazon and Alphabet have instilled investor confidence in GE Vernova’s outlook.

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Read more at Nasdaq: Why GE Vernova Crushed the Market Again Today