GE Vernova attracts $2.28 billion Norges Bank stake, driven by AI demand

Norges Bank, Norway’s central bank, acquired 3,493,297 shares of GE Vernova.

The new position is valued at approximately $2.28 billion. This stake represents roughly 1.30% of the energy company.

Market analysts identify GE Vernova as a primary beneficiary of rising electricity demand from AI data centers. UBS recently designated the company as one of its highest-conviction industrial stock picks. Broad analyst coverage for the firm remains optimistic.