GE Vernova

GE Vernova is the power-infrastructure pure-play with $163 billion backlog, +71% organic order growth and FY26 guide raised — own it as the AI-power-bottleneck call that consensus is still under-modelling versus the gas-turbine slot reservation pipeline. GE Vernova is the spun-out power-equipment arm of the old GE — gas turbines, steam turbines, wind turbines, grid-electrification equipment (transformers, switchgear, HVDC converters), and the digital/services layer that supports the installed base. Inside the AI-stack story, the relevant businesses are the gas turbine business (which is supplying the new combined-cycle gas plants being built specifically for hyperscaler data centre power) and the Electrification segment (which is supplying transformers, switchgear and grid equipment for the data centre interconnection build-out).…