We recently published a list of 12 Must-See AI News and Ratings You Might Have Missed. In this article, we are going to take a look at where GE Vernova Inc. (NYSE:GEV) stands against other must-see AI news and ratings you might have missed.
Northland Securities recently issued a rating for a stock amidst the DeepSeek AI frenzy. The firm noted that it isn’t concerned about the AI models just yet and that it doesn’t expect big tech giants to cut their capital expenditures when they report their earnings either. In light of this, the CEOs of tech giants such as Meta and Microsoft have recently defended their massive spending, noting how it was crucial to stay competitive in the new field.
Investors panicked after news spread over the weekend about a Chinese startup DeepSeek having released AI models that were built using less power and chips. In response, executives of tech giants are saying that building huge computer networks has been crucial to serving growing corporate needs. Even then, investors have been losing their patience with the huge amounts of spending and a dearth of hefty payouts.
READ ALSO: These 29 AI Electricity and Infrastructure Stocks Are Crashing Due to DeepSeek News and 10 AI Stocks to Watch Amid the DeepSeek Buzz
DeepSeek has been causing a stir in the AI world and refuted the gap that previously existed between the AI capabilities in China and the US. After the first Chinese version of ChatGPT was released, there was a lot of disappointment in China considering it was not on par with ChatGPT. However, DeepSeek’s AI models have shifted the AI narrative completely.
Not only has it sparked a frenzy in the US, but even its domestic competition has been pressurized. This was made evident when Alibaba released a rival to DeepSeek’s model on the Lunar New Year. According to the company, the “Qwen 2.5-Max outperforms … almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B”. Even though DeepSeek’s AI models have been impressive, there is still skepticism and confusion regarding the demand for high-end AI chips and the need for power to run AI-centric data centers.
“There’s plenty of uncertainty over what the true demand for state-of-the-art chips, semiconductor fabrication plants and energy will be”.
-Economist Ed Yardeni said in a note.
For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
High-voltage power lines. Electricity distribution station. high voltage electric transmission tower. Distribution electric substation with power lines and transformers.
GE Vernova Inc. (NYSE:GEV)
Number of Hedge Fund Holders: 89
GE Vernova Inc. (NYSE:GEV) is an energy equipment manufacturing firm that offers products and services essential for the generation, transmission, and storage of electricity worldwide. On January 28, Engine No. 1, Chevron U.S.A. Inc., and GE Vernova Inc. (NYSE:GEV) announced a partnership to build a new company that will develop scalable, reliable power solutions for US-based data centers running on U.S. natural gas. The initiative aims to launch the first multi-gigawatt-scale co-located power plant and data center during President Trump’s second term. The initial “power foundry” projects will utilize seven U.S.-made GE Vernova 7HA natural gas turbines and are anticipated to serve co-located data centers in the U.S. Southeast, Midwest, and West regions. Together, the companies will leverage the project to provide affordable, reliable energy to meet the significant demand for electricity to power U.S. data centers. The plans will deliver up to four GW, equal to powering 3-3.5 million U.S. homes. The initial in-service targeted is by the end of 2027.
“We are excited to enable the advancement of data center growth in the U.S. by supporting delivery of critical power needs to customers using innovative solutions. GE Vernova (NYSE:GEV) is uniquely positioned to provide the energy systems and support required to make this large-scale endeavor possible, as the leading U.S. energy manufacturer.”
– Scott Strazik, chief executive officer for GE Vernova.
Overall, GEV ranks 2nd on our list of must-see AI news and ratings you might have missed. While we acknowledge the potential of GEV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GEV but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
