GE Vernova Stock (NYSE: GEV) Rebounds on Dec. 18, 2025 as Jefferies Upgrades; Analysts Lift Targets After AI-Driven Selloff
GE Vernova shares rebounded 4% Thursday to around $641 after plunging 10%–11% Wednesday, the S&P 500’s worst drop that day. The selloff followed concerns that more efficient AI chips could slow electricity demand growth, triggered in part by funding news for AI chip startup Mythic. Jefferies upgraded the stock to “Buy” Thursday, citing strong multi-year fundamentals and demand for power equipment.