The artificial intelligence (AI) power race has turned into GE Vernova (GEV) sweet spot, and investors are happily riding the wave. Shares are up 70.3% in 2026, as the capital spending frenzy around AI data centers has far exceeded market expectations at the start of the year.
The surge has already found its way into the company’s stronger guidance and rapidly expanding backlog. GE Vernova is also sitting in the driver’s seat as worldwide demand for gas turbines continues to outpace industry supply.
