AI's Power Boom: Vertiv and GE Vernova Smash Earnings as Data Centers Demand More Electricity
Vertiv and GE Vernova both beat third-quarter expectations on October 28, 2026, as AI data centers keep driving demand for power, cooling, and grid equipment. Vertiv’s sales rose 61% to $4.31 billion with organic orders up over 100%, while GE Vernova’s orders jumped 96% to $29.3 billion and its backlog hit a record $197 billion. Full story in slides above — Sources: Investopedia, MarketWatch, Barron’s, Morningstar/Dow Jones, October 28, 2026. ...