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GE Vernova, $GEV, has been on the rise. This is due to an increase in demand of gas turbines for AI data centers resulting in a great April Q1 2026 earnings report. The demand for gas turbines is so high that there is a production backlog of gas turbines. In fact, they are taking 20-25% deposits on orders out until 2029-2030. These gas turbines are supposed to be powering AI data centers. However, despite the bullish and meteoric rise in …
— ORIGINAL POST ·
Why has GE Vernova $GEV dropped 12% since May?
· r/stocks
· Jun 9, 2026