Top 9 AI News and Ratings Sending Shockwaves

1. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 89

GE Vernova Inc. (NYSE:GEV) generates transfers, converts, and stores electricity. Its power segment designs, manufactures, and services gas, nuclear, hydro, and steam technologies. The company has also developed an AI-based platform that leverages machine learning to process visual inspection data and improve grid visibility. GEV also leverages AI to automate data collection and generate insights for images, enhancing grid visibility. On February 19, JPMorgan reiterated an Overweight rating on the stock with a $436 price target.

In January, GE Vernova Inc. (NYSE:GEV) inked a strategic partnership with Engine No. 1 and Chevron to develop scalable, reliable power solutions for data centres running on natural gas. To meet the substantial demand for electricity to power U.S. data centres, the companies plan to directly address the need for affordable, dependable energy, allowing for the development of both present and future generations of AI in the United States. The joint venture is to generate up to 4 GW, or enough energy, to power three to five million homes in the United States.

While we acknowledge the potential of GE Vernova Inc. (NYSE:GEV) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. 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 was originally published at Insider Monkey.