Shares of GE Vernova dropped 11% following Meta Platforms' earnings call, which highlighted increased AI spending but left financing plans unclear. This uncertainty has spooked investors in power-equipment suppliers like GE Vernova, Vertiv Holdings, and Eaton, all tied to data center infrastructure growth. GE Vernova, heavily reliant on large gas turbine and grid equipment orders, faces risk if hyperscaler budgets tighten. The upcoming Q3 report will be crucial to assess order backlog stability amid these financing questions.
As of Oct 23, 2026 01:51 WIB, GE Vernova shares on Pluang have dropped 11%, trading at USD 824.05, closer to their 52-week low of USD 547.96 than the high of USD 1.17K. Vertiv Holdings also fell 8.32% to USD 194.49, well below its 52-week high of USD 376.23 but above the low of USD 149.83. Eaton declined 6.7% to USD 367.53, remaining nearer its 52-week low of USD 315.82 than the peak of USD 459.96. These moves highlight investor caution in power-equipment suppliers amid financing uncertainties for AI-related spending.
