Search results for GE Vernova
AI & Enterprise
Jim Cramer says do nothing during earnings season, hold good companies to the end
Jim Cramer urged investors not to be swayed by short-term volatility as the U.S. earnings season gathers pace. He said investors should keep their hands still, watch the signals the market sends and focus on holding good companies for the long term. Cramer said recent moves have been hard to predict, citing GE Vernova’s plunge after earnings and Nvidia’s rebound, as well as utilities rising even as Treasury yields climbed.
Crypto
XRP appears in U.S., Australia officials\' asset disclosures, confirming holdings
Serving officials in Australia and the United States reported holding XRP in official asset disclosure documents. In Australia, Labor federal lawmaker Sally Sitou listed cryptocurrency (Ripple) held via CoinSpot as her only crypto investment, with no other digital assets included. In the United States, White House Situation Room director and presidential special assistant Ian Kelly disclosed XRP held in a Coinbase wallet, valued in a $1,001 to $15,000 range, as part of a broader crypto portfolio.
Industry
GE Vernova gas turbines sold out through 2029 amid surging AI power demand
Surging power demand from the expansion of AI data centres is boosting the U.S. power-generation equipment market. GE Vernova, one of the world’s largest gas turbine makers, says orders for large gas turbines are effectively filled through 2029. Major hyperscalers are expanding adoption of industrial turbines to secure reliable electricity as grid connections face delays. GE Vernova is increasing production capacity and hiring in South Carolina.
