GE Vernova

Jim Cramer bought shares of GE Vernova ahead of next week’s earnings, citing strong data center demand. Investors want confirmation of continued robust orders for heavy-duty gas turbines, healthy pricing and strength in the electrical business. GE Vernova is one of several Club names reporting next week that the team is watching for operational signs of recovery. » More on cnbc.com

BlackRock CEO Larry Fink warns that AI-driven growth could be constrained by power, labor and chip shortages — for GE Vernova this means rising demand for gas turbines, grid technology and transformers. In the second quarter organic orders rose 88% to $24.2 billion, revenue increased to $11.1 billion, and the backlog reached $176 billion; 116 GW of gas turbines are firmly ordered or reserved. The stock trades about 24% below its record high; technical support and resistance levels are around $900 and $1,010. The key question is how quickly GE Vernova can fulfill orders given personnel and production capacity; third-quarter figures will be released on October 28. » More on deraktionaer.de

GE Vernova shares jumped over 5% amid broader market buying as investors priced in rising power needs from AI buildout. The company's gas turbine business remains core while its growing nuclear segment and work on small modular reactors draw attention as long-term growth drivers. The move follows an industry deal highlighting large-scale electricity demand that supports GE Vernova's positioning. » More on cnbc.com