We recently published Top 10 Trending Stocks to Watch Ahead of Nvidia Earnings. GE Vernova Inc. (NYSE:GEV) is one of the top trending stocks to watch ahead of Nvidia earnings.
James Demmert from Main Street Research said in a program on Schwab Network last month that GE Vernova is one of the companies that are needed in the AI revolution.
“We are in the early stages of a very real AI tech revolution. We need more AI chips, where Nvidia comes in. Companies like Palantir are using those chips to build these robust platforms. So we want to make sure we’re going in that direction. And let’s all face it, there’s not enough energy to drive all this AI, the EVs, and the crypto. So we need companies like GE Vernova Inc (NYSE:GEV) to help us build the grid.”
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Parnassus Growth Equity Fund stated the following regarding GE Vernova Inc. (NYSE:GEV) in its Q1 2025 investor letter:
“GE Vernova Inc. (NYSE:GEV), an energy equipment manufacturer, was impacted by concerns around the durability of AI and semiconductor spending and the durability of AI supply chain power needs.
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 have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.