GE Vernova Stock Pummeled on Fears Power-Demand Boom Is Cooling

Amid an unprecedented boom in AI-driven electricity demand, quarterly results released on Wednesday and subsequent comments by Strazik during a conference call spooked some shareholders who were expecting more enthusiasm going forward. “Some of the comments on the call could be perceived as slightly more cautious than, ‘Hey, everything is up and to the right and no one can get enough capacity,’” said Brett Castelli, an equity analyst at Morningstar. Castelli noted two points from Strazik’s call that gave pause to investors.