10 Trending AI Stocks on Wall Street’s Radar

3. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

GE Vernova Inc. (NYSE:GEV) operates nearly 55,000 wind turbines and 7,000 gas turbines, generating almost 25% of the world’s electricity. The company is leveraging AI to enhance operations and sustainability, launching Proficy for Sustainability Insights to help industrial facilities meet sustainability goals. They also introduced ThinkLabs AI, Inc., a startup focused on using AI for grid planning. These initiatives highlight GE Vernova’s commitment to integrating AI into their energy solutions.

On January 23rd, Truist Securities raised their price target for GE Vernova Inc. (NYSE:GEV) from $420.00 to $470.00 and reiterated a Buy rating, citing strong booking momentum and the company’s solid position in the energy transition sector. With a market cap of $117.73 billion and annual revenue of $34.94 billion, GE Vernova is a key player in this field. The growing focus on AI infrastructure, like the Stargate Project, is seen as a positive influence on the industry’s future.