From The Motley Fool · Leo Sun · · 1m
Vertiv and GE Vernova: AI Power Stocks Post Strong Growth
Vertiv and GE Vernova both saw 38% and 96% growth in orders despite market pullbacks.
In brief
Vertiv and GE Vernova both saw 38% and 96% growth in orders despite market pullbacks. Vertiv's faster growth and lower valuation make it the better AI power stock buy after recent sell-offs. Originally reported by The Motley Fool.
Vertiv and GE Vernova Growth
Vertiv and GE Vernova both benefited from rapid cloud infrastructure and AI market growth.
Third-Quarter Results
Vertiv's revenue surged 61% year over year with 55% organic growth and 6% from acquisitions.
GE Vernova Orders Jump
GE Vernova's total orders jumped 96% organically with 18% organic revenue growth.
Valuation Drop
Both stocks trade 45% and 24% below their all-time highs from earlier this year.
Why Stocks Pulled Back
Fed rate hikes pressured AI infrastructure spending while higher yields drew investors away from growth stocks.
Better Buy Analysis
Vertiv's faster growth and lower valuation make it the better AI power stock buy after recent sell-offs.
What matters most
Vertiv's faster growth and lower valuation make it the better AI power stock buy after recent sell-offs.
