🟢 GE shares climb 3% on new aerospace engine deal and major AI-power collaboration

GE is trading up +3.05% at $289.08, outpacing the broader market rally on the back of two significant positive catalysts announced today.

• New Aerospace Deal: GE Aerospace announced a new agreement to supply F404 engines for Türkiye's Hurjet advanced jet trainer, developed by Turkish Aerospace Industries (TAI).
• AI Data Center Power: GE's recent spin-off, GE Vernova (GEV), announced a major collaboration with Blue Energy to develop a first-of-its-kind power plant combining natural gas and small modular nuclear reactors to meet surging electricity demand from AI and data centers.
• The stock is also benefiting from favorable macroeconomic conditions, including a broad market rebound and cooling oil prices.