Here's Why GE Vernova Stock Soared Last Month

GE Vernova stock rose 21.3% in June driven by increased AI infrastructure spending announcements from major hyperscalers. Oracle announced plans to increase capital spending to $90-95 billion in fiscal 2027, while Alphabet announced an $80 billion equity raise for AI infrastructure. These developments support higher long-term earnings forecasts for GE Vernova's gas turbines and electrification equipment used in AI data centers. The company's $163 billion backlog is expected to reach $200 billion by 2027.