GE Vernova shares slide after SoftBank revises US data center project plans

Live updates

1. 55m ago

   GE Vernova Shares Slide After SoftBank Revises US Data Center Plans

   GE Vernova shares dropped nearly 10 percent after SoftBank revised its US data center project plans, triggering a broader sell-off across power turbine and artificial intelligence energy stocks. Companies including Vertiv and Bloom Energy also posted losses over the week. The market correction followed SoftBank's decision to subject its Ohio data center to a thorough reassessment. Despite the share decline, market analysts noted that GE Vernova's backlog reached $197 billion.

   Why it matters

   The sharp drop in power turbine and infrastructure equities highlights investor sensitivity to any strategic shifts in large-scale artificial intelligence data center projects. SoftBank's reassessment of its Ohio project directly rattled market confidence across the sector, causing steep weekly losses for major power suppliers. Observers note that these market reactions occur even as major equipment manufacturers maintain massive order backlogs.

   What is confirmed

   • GE Vernova shares dropped nearly 10 percent following SoftBank's revision of US data center project plans.
   • SoftBank's Ohio data center is undergoing a thorough reassessment.
   • GE Vernova's backlog reached $197 billion.
   • Power turbine stocks and AI power equities including Vertiv and Bloom Energy experienced significant declines over the week.

   What to watch next

   • Further updates from SoftBank regarding the final scope and timeline of the Ohio data center project.
   • Market stabilization or continued volatility across power turbine and AI infrastructure stocks.
   Sources used for this update (15)

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   3. www.zerohedge.com — Futures Rise, Oil Slides As Iran's Supreme Leader Talks Peace And Shrugs Off Ras Tanura Attack
   4. www.wallstreetzen.com — Sandisk Stock Price Today (NASDAQ: SNDK) Quote, Market Cap, Chart
   5. Reuters — GE Vernova shares slide after SoftBank revises US data center project plans
   6. Bloomberg.com — Power Turbine Stocks Dip as SoftBank Loss Fuels Fears
   7. The Motley Fool — Not Bloom Energy. Not Vistra. This AI Power Stock Just Posted a 96% Jump in Orders.
   8. 24/7 Wall St. — Buy The Market’s Knee-Jerk Derisking of GE Vernova While You Can
   9. GuruFocus — GE Vernova (GEV) Shares Drop Nearly 10% After SoftBank AI Data C
   10. Yahoo Finance — GE Vernova's Backlog Hit $197 Billion and the Stock Fell Anyway. Here's What a $10,000 Investment Could Be Worth by 2030.
   11. The Motley Fool — GE Vernova, Vertiv, and Bloom Energy Just Lost 10% to 24% in a Week. Here's What Set Off the AI Power Sell-off.
   12. CNBC — GE Vernova sellers have it all wrong — plus, why Fed rate hike odds are soaring
   confidence 95%