AI News Investors Should Not Miss

Page 22 of 35

14. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 92

GE Vernova Inc. (NYSE:GEV) is an energy company that engages in the provision of various products and services that generate, transfer, orchestrate, convert, and store electricity. Latest reports indicate that the company is among a group of four firms shortlisted by authorities in Britain for the next stage of a competition to develop small modular nuclear reactors.

These facilities are attracting a lot of attention as AI data centers and their power needs force countries to revamp their energy infrastructures. The four companies selected include Rolls Royce, GE Vernova Inc. (NYSE:GEV), Westinghouse, and Holtec Britain. GE Vernova is participating in the competition through the Hitachi Nuclear Energy subsidiary. Small nuclear power plants have lower costs and faster construction times, making them attractive for investors.

Page 22 of 35