While the stock market has spent the last two years obsessed with microchips and artificial intelligence (AI) software, a quiet revolution has taken place in the physical world. The massive data centers required to run AI models have an insatiable appetite for electricity, and the aging global power grid is struggling to keep up. This disconnect between digital ambition and physical reality has fueled a rally for GE Vernova (NYSE: GEV).
Following its spin-off from parent conglomerate General Electric in April 2024, GE Vernova has quickly established itself as a standalone industrial giant. As of mid-February, the stock is trading near $800, marking an all-time high. Over the last 12 months, shares have surged approximately 107%, significantly outperforming legacy industrial peers.
