www.bloomberg.com
GE Vernova is experiencing a significant shift in its customer base due to the rapid growth in data center development. Historically dominated by utilities and industrial clients, the company’s orders are now increasingly driven by tech giants and independent power producers building facilities to support AI and cloud computing. These customers prioritize reliability and speed, leading to a surge in demand for natural gas turbines and power conversion systems. This trend is transforming GE Vernova’s business outlook, potentially leading to higher revenues and longer order backlogs as the energy needs of data centers continue to escalate.
Read More
