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Stock impact report

Bank of America revamps forecast for 'bridge-to-grid' AI stock [Yahoo! Finance]

GE Vernova Inc. (GEV) 
Company Research Source: Yahoo! Finance
Mixed earnings from companies such as Oracle and Broadcom have added to the AI bubble concern, raising questions about whether massive AI-related spending will translate into returns. The uncertainty has weighed on shares across the AI supply chain , including companies indirectly tied to the theme. GE Vernova ( GEV ), a maker of energy turbines and grid equipment, has also come under pressure. The company has increasingly been viewed as an AI play because of the enormous amount of electricity required to power data centers. GE Vernova stock is down roughly 15% over the past five days, despite some analysts setting positive tones on the stock. Training AI models and running AI applications consume vast amounts of power, creating growing opportunities for companies involved in power generation and grid infrastructure, according to Clayton Pfannenstiel , co-manager of the Fidelity Select Industrials Portfolio at Fidelity. Natural gas turbines are one of the most immediate sol Show less Read more
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