GE Vernova Stock Jumps as Data Center Demand Drives Record Orders

2 articles · Updated · Bloomberg · Apr 22

GE Vernova shares surged after the company reported record first-quarter orders, exceeding all of last year’s total orders.
Q1 orders reached $18.3 billion, up 71% year-over-year, with strong demand from data centers and robust earnings beating analyst expectations.
The company raised its full-year outlook and expects to hit a $200 billion backlog by the end of 2026, two years ahead of schedule.

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