$GEV

The article says investors are focusing on SMR developers Oklo and NuScale, but highlights GE Vernova (GEV) as an overlooked nuclear exposure. GE Vernova reported Q2 power service orders up 12% and services revenue growth, and CEO Scott Strazik cited progress on an Ontario BWRX-300 SMR project and two U.S. tech selects. It also announced a Texas gas-plus-nuclear plan with Hitachi, subject to a 2027 final decision.

Tiger Global Management, per its SEC 13F for Q2 2026, reported $23.98B in U.S. stocks across 46 holdings as of June 30. The fund trimmed top positions including Alphabet, Broadcom, Nvidia, and TSMC, and fully exited AppLovin and Zillow. It added new AI-chip bets in Cerebras (~$660M) and AMD (~$392M), increased Intel (~$365M), and initiated Seagate (~$275M) and Visa (~$274M).

Parnassus Investments said it exited Salesforce (CRM) in Q2 2026 and started a new position in GE Vernova (GEV), citing less attractive valuations and weaker pricing dynamics for horizontal software, and expecting durable AI power demand for GE Vernova. The Core Equity Fund returned 16.83% in Q2 2026 versus the S&P 500’s 15.20%.

Soros Capital Management said its Q2 2026 equity portfolio rose to $559M and shifted toward semiconductors and AI. New stakes included Micron (MU) $42.5M, Applied Materials (AMAT) $34.5M, Flex (FLEX) $32.2M, AMD $30.2M, and ON Semiconductor $20.6M. TSM rose to $37.5M. It also added EWY $42.8M and cut industrial and energy holdings.

The article compares Bloom Energy (NYSE: BE) and GE Vernova (NYSE: GEV) as beneficiaries of AI data center power demand. Bloom reported Q2 2026 revenue of $1.1B (+166% YoY) and raised full-year revenue guidance to about $3.9B-$4.2B. GE Vernova reported Q2 revenue $11.1B (+22%), orders +88%, backlog ~$176B, and raised full-year revenue to $45.5B-$46.5B.

Blue Energy and GE Vernova Hitachi Nuclear Energy signed an agreement to advance engineering, licensing, and safety work for a 2.5 GW gas-plus-nuclear project in Victoria, Texas. The plan uses GE Vernova 7HA.02 gas turbines and GVH BWRX-300 SMRs, with a final investment decision expected in 2027. Power delivery targets include about 1 GW for a data center in 2030 and up to 1.5 GW from SMRs starting 2032.

GE Vernova (NYSE: GEV) stock has risen sharply since its 2024 spin-off from General Electric, helped by data center power demand. The article cites Gartner forecasts of data center electricity use up 26% and power demand reaching 290 GW by 2030. In Q2, GE Vernova reported 134% organic order growth, gas backlog rising 100 GW to 116 GW, and 20 GW new contracts. It trades around 34x 2026 and 30x 2028 forecast EPS, with a $176 billion backlog.

The article lists renewable-energy updates. Recurrent Energy (Canadian Solar subsidiary) closed $695m project financing and tax equity for a 330 MW Cobalt Solar facility in California, targeting operation by end-2027. Blattner Energy will provide EPC. Pando Energy Partners won an estimated $200m EPC scope for Illinois solar and storage totaling about 108 MW DC and 157 MWh. Blue Energy and GE Vernova Hitachi advanced a 2.5 GW Texas nuclear project.

The Trump administration announced a $3 billion federal investment in U.S. critical-minerals projects tied to EV and battery supply chains, including a $1.4 billion conditional Pentagon loan to Sila Nanotechnologies for silicon anode materials. Lithium Americas received the first $435 million draw from a $2.23 billion DOE loan for Thacker Pass. Other funding includes graphite and magnet projects.

GE Vernova (GEV) reported Q2 2026 revenues of $11.1B, up 22% YoY and 12% organic, with orders of $24.2B up 88% organically. Backlog rose to about $176B. Adjusted EBITDA was $1.2B, margin 11.3%. The company raised 2026 revenue guidance to $45.5-$46.5B and free cash flow to $11.5-$12.5B.