The Latest Breaking News from Andrew Obin

Markets are wondering more and more about returns on the enormous amounts of capital hyperscalers are investing in AI.

GE Vernova Inc. (NYSE:GEV) reported a strong third quarter with orders surging 55% organically and announced it will acquire full ownership of Prolec GE, boosting its stake in North America’s transformer market and positioning the company to capture growing grid investment opportunities.

This industrial dividend stock trades at a discount, and could offer investors AI-fueled growth potential.

Compared to the pricey stocks of Big Tech players like Nvidia and Microsoft, energy and electricity stocks are an affordable way to play the AI boom.

General Electric Company (NYSE: GE) reported its first quarter adjusted earnings above Street estimates. Although orders were strong, the company’s print was impacted by supply chain issues much more than anticipated, according to BofA Securities.

E2open Parent Holdings Inc’s (NYSE: ETWO) shares are likely to re-rate in case SaaS (software as a service) revenue growth continues, according to BofA Securities.

BofA analyst Andrew Obin initiated coverage on APi Group Corp (NYSE:APG) with a Neutral rating and a price target of $23 (an upside of 7.5%). The analyst notes a balanced risk/reward for APi Group at current share levels. Also read: APi Group Plans $250M Buyback Program. APi Group is a business services provider of safety and…