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Gas turbine prices surge 300% as GE Vernova's backlog sells out through 2031 amid AI power demand.

Market News
24 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

GE Vernova's gas turbine prices have risen about 300% over three years due to soaring demand from AI data centers, with orders fully booked through 2031. The South Carolina plant produces turbines powering hundreds of thousands of homes, attracting major buyers like Microsoft and other hyperscalers. The company reported strong Q1 2026 financials, raised its revenue guidance, and sees natural gas turbines as key for AI infrastructure. However, the stock's high valuation and uncertain long-term demand pose risks for investors.

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