Why GE’s power spin-off is one of the biggest winners from the AI boom
GE Vernova’s (GEV) latest quarter highlights why the power equipment maker is a Wall Street favorite. Shares of the Cambridge, Mass.-based company rallied 15% on Wednesday after orders for gas turbines and other equipment jumped in the second quarter — thanks to the AI-boom build-out of data centers, which have fueled electricity demand. It continued…