Why GE Vernova Crushed the Market Again Today

06.02.26 21:53 Uhr

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The combined 2026 capital spending commitments made by Amazon.com and Alphabet over the last couple of days total up to $385 billion. It's an incredible figure that dwarfs even the mammoth combined $222 billion in 2025. While those stocks both declined in response to the news, the AI infrastructure companies did much better, including GE Vernova (NYSE: GEV), which rose by more than 5% in late trading. It's no secret that the market is far from convinced by Oracle's exposure to OpenAI. For reference, they have a $300 billion deal under which Oracle will build out infrastructure to sell computing power to OpenAI. Not least because OpenAI needs a huge amount of funding to support it through a cash burn that could total $115 billion by 2030, according to reports. Similarly, Microsoft stock has suffered this year due to 45% of its Azure backlog's exposure to OpenAI, but, as shows below, GE Vernova continues to power higher. Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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