On July 14, GE Vernova rose 3.46% in regular trading, trading at $1068.655/share, with turnover of $281 million. The rally was driven by surging AI data center power demand propelling the gas turbine industry into a super upcycle.

On the news front, Microsoft recently ordered 7 large gas turbines from GE Vernova to power its Texas data centers, with each unit priced above $250 million. According to Melius Research, gas turbine prices have cumulatively surged approximately 300% over the past three years. GE Vernova's Chief Commercial and Operating Officer disclosed that roughly 20% of gas power orders now originate from data center and AI-related projects, with the order backlog extending through 2030 to 2031. The U.S. data center power gap has reached 55GW, and with only three manufacturers globally—GE, Siemens, and Mitsubishi—capable of mass-producing heavy-duty gas turbines, the extreme supply-demand imbalance continues to support pricing power and order visibility.

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