GE Vernova Stock Drops as Texas Nuclear-Gas Deal Tests the AI Power Boom
GE Vernova shares dropped $70.96 to $1,048 Thursday afternoon after a recent rally, following news of a Texas power project with Blue Energy aimed at supporting AI data centers. The project will use GE Vernova’s BWRX-300 small modular nuclear reactors and gas turbines, with initial power delivery targeted for 2030. GE Vernova reported $18.3 billion in Q1 orders, up 71% organically.