Coatue’s 35 Most Important AI Stocks

13. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

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. The firm demonstrated a strong financial performance in 2024, with revenues reaching $18.1 billion, a 4% increase from the previous year, and a segment EBITDA margin improvement of 260 basis points to 12.5%. This growth is attributed to robust demand for gas power equipment and services. The company has been actively integrating AI into its operations to enhance efficiency and sustainability. For instance, GE Vernova’s Autonomous Tuning leverages AI and machine learning to automate gas turbine tuning, optimizing performance under varying conditions and contributing to fuel cost savings. In partnership with Chevron and Engine No. 1, GE Vernova plans to construct natural gas power stations to support AI data centers in the US. This initiative aims to provide up to 4 gigawatts of power by the end of 2027.