As the demand for artificial intelligence continues to grow, companies like Amazon, Google, Microsoft, and Oracle are turning to GE Vernova for its massive gas turbines to power their data centers. The company's largest gas turbine plant in Greenville, South Carolina, has hired 200 workers in the last year and plans to add 300 more by the end of the year to meet the increasing demand. These gas turbines are a crucial part of the data center infrastructure, providing a reliable source of energy to support the high power requirements of AI applications. Each turbine can power roughly half a million homes and costs over $250 million, with prices rising 300% in the last three years. Despite the high cost, companies are willing to invest in these turbines due to their efficiency and reliability. GE Vernova is working to make its turbines more environmentally friendly, with the current models being two times more efficient than those produced 20 years ago. The company's efforts have paid off, with its stock gaining nearly 60% in the past six months. As the AI industry continues to expand, GE Vernova is well-positioned to meet the growing demand for power, with its order book full through 2029 and bookings extending into 2030 and 2031.

Source: CNBC