GE Vernova's AI Data Center Orders Just Doubled All of 2025 in 1 Half-Year. Is the Stock Still a Buy?
The stock's fully reflecting the company's recent revenue growth, led by demand from the artificial intelligence industry.
Overview
It's no secret that the rapid proliferation of AI data centers has been a boon for GE Vernova (NYSE: GEV). As management highlighted during last month's earnings conference call, the second quarter's $2.7 billion worth of data center power equipment orders brings its year-to-date data center orders up to $5 billion, more than doubling all of last year's data center-related revenue.
Look for similar growth ahead as well. The company's total backlog now stands at $176 billion, up from just $150 billion as of the end of 2025, despite doing over $20 billion worth of business in the meantime. The stock has reflected this growth too. GE Vernova shares are up 57% year to date, and are higher to the tune of 450% for the past two years... when the AI data center industry took a keener interest in meeting its own electricity needs with on-site power plants.
Details
The question is, does this big move mean there's no upside left to reap?
Source
Originally published at www.fool.com.