10 AI Stocks Everyone Is Watching Closely

7. GE Vernova Inc. (NYSE:GEV)

Number of Hedge Fund Holders: 111

GE Vernova Inc. (NYSE:GEV) is one of the 10 AI Stocks Everyone Is Watching Closely. On July 28, Mizuho downgraded the stock to “Neutral” from Outperform but raised the price target to $670 from $410. The updated rating reflects valuation concerns despite strong bookings in gas turbines and grid upgrades, which continue to drive earnings.

The firm highlighted how the company has accelerated EBITDA margins in the power and electrification business and higher gas power manufacturing capacity beyond 2028 due to strong bookings and reservations.

They also highlighted continued load growth market as evident from the recent PJM auction and increased spending by hyperscalers. However, it believes much of the improvement is already highlighted in the stock.

 “We increase our PT to $670, up 63%, due to accelerating EBITDA margins in power and electrification business and higher gas power manufacturing capacity beyond 2028.”

GE Vernova Inc. (NYSE:GEV) is a global energy company and a soaring AI stock driven by the demand for energy to power artificial intelligence technology.