Amazon and Alphabet Commit $385 Billion in Capital Spending
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
0mins
Should l Buy GEV?
Source: Fool
- Capital Spending Commitments: Amazon and Alphabet's recent capital spending commitments total $385 billion, significantly surpassing the $222 billion for 2025, indicating strong confidence in future growth despite negative stock reactions.
- AI Infrastructure Demand: GE Vernova's stock rose over 5% in after-hours trading due to surging demand for power to support data centers, highlighting a shift towards increased orders for its gas turbines and electrification equipment from hyperscalers.
- Oracle and OpenAI Relationship: Despite Oracle's $300 billion deal to build infrastructure for OpenAI, market skepticism persists regarding Oracle's exposure, especially given OpenAI's projected cash burn of up to $115 billion by 2030.
- GE Vernova's Growth Outlook: Management anticipates mid-teens revenue growth from 2025 to 2028, with earnings expected to more than double during this period, bolstered by investor confidence stemming from Amazon and Alphabet's spending commitments.
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Analyst Views on GEV
Wall Street analysts forecast GEV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GEV is 769.15 USD with a low forecast of 475.00 USD and a high forecast of 1000.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
16 Buy
6 Hold
1 Sell
Moderate Buy
Current: 737.530
Low
475.00
Averages
769.15
High
1000.00
Current: 737.530
Low
475.00
Averages
769.15
High
1000.00
About GEV
GE Vernova Inc. is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. It designs, manufactures, delivers, and services technologies to create a sustainable electric power system, enabling electrification and decarbonization. Power segment includes the design, manufacture, and servicing of gas, nuclear, hydro, and steam technologies, providing a critical foundation of dispatchable, flexible, stable, and reliable power. Wind segment includes its wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification segment includes grid solutions, power conversion and storage, and electrification software technologies required for the transmission, distribution, conversion, storage, and orchestration of electricity from point of generation to point of consumption. Its accelerator business includes advanced research, consulting services and financial services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Performance Rebound: GE Vernova's stock has surged 12.9% in 2026 and over 100% in the past year, indicating a robust performance in the clean energy transition and reflecting market confidence in its future growth.
- Order Surge: Gas turbine orders increased from 33 GW in 2024 to 40 GW in 2025, with customers willing to pay upfront for future production slots, demonstrating strong demand for gas turbine equipment.
- Optimistic Outlook: CEO Scott Strazik stated during the earnings call that they expect to reach approximately 100 GW under contract in 2026, showcasing confidence in future performance, particularly in high-margin service revenue growth.
- Diversified Growth: In addition to gas turbines, GE Vernova shows strong growth potential in electrification and wind power segments, with EBITDA expected to double from $5.3 billion in 2026 to $11.2 billion by 2028, further solidifying its market position.
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- Outperforming Competitors: NUKZ has outperformed many more well-known rivals, primarily due to its significant overweight in energy stocks (13.20%) and nearly 55% allocation to industrial stocks, which has generated unexpected gains in its portfolio.
- Global Investment Portfolio: More than a third of the ETF's 45 holdings are from companies outside the U.S., providing geographic diversification that appeals to investors looking to maintain domestic exposure while capitalizing on growth from international markets.
- Defensive Positioning Advantage: With an allocation of nearly 28% to the utilities sector, which is more than double that of competing funds, NUKZ's defensive posture may offer protection for investors amid recent technology sell-offs, enhancing its attractiveness.
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Scott Strazik Discusses GE Vernova's Embrace of the AI Power Surge
Leadership Change: Scott Strazik took over as head of General Electric’s energy business, GE Vernova, in 2021.
Business Transformation: The electricity business has undergone significant changes since Strazik's appointment, reflecting a different operational landscape.
See More
Amazon and Alphabet Commit $385 Billion in Capital Spending
- Capital Spending Commitments: Amazon and Alphabet's recent capital spending commitments total $385 billion, significantly surpassing the $222 billion for 2025, indicating strong confidence in future growth despite negative stock reactions.
- AI Infrastructure Demand: GE Vernova's stock rose over 5% in after-hours trading due to surging demand for power to support data centers, highlighting a shift towards increased orders for its gas turbines and electrification equipment from hyperscalers.
- Oracle and OpenAI Relationship: Despite Oracle's $300 billion deal to build infrastructure for OpenAI, market skepticism persists regarding Oracle's exposure, especially given OpenAI's projected cash burn of up to $115 billion by 2030.
- GE Vernova's Growth Outlook: Management anticipates mid-teens revenue growth from 2025 to 2028, with earnings expected to more than double during this period, bolstered by investor confidence stemming from Amazon and Alphabet's spending commitments.
See More
Dow Jones Surpasses 50,000 for the First Time
- Dow Jones Milestone: The Dow Jones Industrial Average has surpassed 50,000 for the first time, marking a significant recovery in the U.S. stock market and reflecting increased investor confidence in economic recovery, which may lead to more capital inflows.
- Key Stock Performance: Stocks like JPMorgan, Apple, and Boeing have entered buy zones, indicating strong market performance and potentially attracting more investor interest, which could further drive up their stock prices.
- Nasdaq Weakness: While the Nasdaq index is struggling, certain AI stocks are experiencing a revival, suggesting a divergence in tech stock performance that may present new investment opportunities for investors.
- Market Sentiment Shift: The Dow's breakthrough could shift market sentiment, drawing in more investors and impacting overall market liquidity and investment strategies, thereby further propelling economic recovery.
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GE Vernova's Strong Clean Energy Transition
- Performance Rebound: GE Vernova's stock has surged 12.9% in 2026 and over 100% in the past year, indicating a robust performance in the clean energy transition and reflecting market confidence in its future growth.
- Order Surge: Gas turbine orders increased from 33 GW in 2024 to 40 GW in 2025, with customers willing to pay upfront for future production slots, demonstrating strong demand for gas turbine equipment.
- Optimistic Outlook: CEO Scott Strazik stated during the earnings call that they expect to reach approximately 100 GW under contract in 2026, showcasing confidence in future performance, particularly in high-margin service revenue growth.
- Diversified Growth: In addition to gas turbines, GE Vernova shows strong growth potential in electrification and wind power segments, with EBITDA expected to double from $5.3 billion in 2026 to $11.2 billion by 2028, further solidifying its market position.
See More
Nuclear Energy ETF Leads New Investment Trend
- Emerging Investment Theme: Nuclear energy is recognized as a key power source for AI, with the Range Nuclear Renaissance Index ETF (NUKZ) amassing over $808 million in assets under management within just two years, reflecting strong market demand and investor confidence.
- Sector Allocation Advantage: The ETF's allocation to energy stocks stands at 13.20%, significantly higher than the category average of 2.14%, while its nearly 55% weight in industrial stocks enhances its performance during market fluctuations, increasing potential returns for investors.
- Global Investment Strategy: More than one-third of NUKZ's 45 holdings are from companies outside the U.S., providing investors with diversified revenue opportunities while maintaining exposure to the domestic market.
- Defensive Positioning: With an allocation of nearly 28% to the utilities sector, which is double that of competing funds, this ETF offers investors some protection in the event of a technology sell-off, demonstrating its robustness in uncertain market conditions.
See More
Nuclear ETFs Surge Amid Investment Opportunities
- Nuclear ETF Market Growth: There are nearly 10 dedicated nuclear or uranium ETFs currently available, with the Range Nuclear Renaissance Index ETF (NUKZ) managing over $808 million in assets within just two years, reflecting strong investor confidence and demand in the nuclear sector.
- Outperforming Competitors: NUKZ has outperformed many more well-known rivals, primarily due to its significant overweight in energy stocks (13.20%) and nearly 55% allocation to industrial stocks, which has generated unexpected gains in its portfolio.
- Global Investment Portfolio: More than a third of the ETF's 45 holdings are from companies outside the U.S., providing geographic diversification that appeals to investors looking to maintain domestic exposure while capitalizing on growth from international markets.
- Defensive Positioning Advantage: With an allocation of nearly 28% to the utilities sector, which is more than double that of competing funds, NUKZ's defensive posture may offer protection for investors amid recent technology sell-offs, enhancing its attractiveness.
See More
Scott Strazik Discusses GE Vernova's Embrace of the AI Power Surge
Leadership Change: Scott Strazik took over as head of General Electric’s energy business, GE Vernova, in 2021.
Business Transformation: The electricity business has undergone significant changes since Strazik's appointment, reflecting a different operational landscape.
See More
Amazon and Alphabet Commit $385 Billion in Capital Spending
- Capital Spending Commitments: Amazon and Alphabet's recent capital spending commitments total $385 billion, significantly surpassing the $222 billion for 2025, indicating strong confidence in future growth despite negative stock reactions.
- AI Infrastructure Demand: GE Vernova's stock rose over 5% in after-hours trading due to surging demand for power to support data centers, highlighting a shift towards increased orders for its gas turbines and electrification equipment from hyperscalers.
- Oracle and OpenAI Relationship: Despite Oracle's $300 billion deal to build infrastructure for OpenAI, market skepticism persists regarding Oracle's exposure, especially given OpenAI's projected cash burn of up to $115 billion by 2030.
- GE Vernova's Growth Outlook: Management anticipates mid-teens revenue growth from 2025 to 2028, with earnings expected to more than double during this period, bolstered by investor confidence stemming from Amazon and Alphabet's spending commitments.
See More
Dow Jones Surpasses 50,000 for the First Time
- Dow Jones Milestone: The Dow Jones Industrial Average has surpassed 50,000 for the first time, marking a significant recovery in the U.S. stock market and reflecting increased investor confidence in economic recovery, which may lead to more capital inflows.
- Key Stock Performance: Stocks like JPMorgan, Apple, and Boeing have entered buy zones, indicating strong market performance and potentially attracting more investor interest, which could further drive up their stock prices.
- Nasdaq Weakness: While the Nasdaq index is struggling, certain AI stocks are experiencing a revival, suggesting a divergence in tech stock performance that may present new investment opportunities for investors.
- Market Sentiment Shift: The Dow's breakthrough could shift market sentiment, drawing in more investors and impacting overall market liquidity and investment strategies, thereby further propelling economic recovery.
See More
