GE Vernova chief executive officer Scott Strazik. — Bloomberg
NEW YORK: GE Vernova Inc has dropped the most in six months on investor concerns that this year’s 70% stock rally was overdone following comments from chief executive officer (CEO) Scott Strazik that some worried signalled weakening growth prospects.
Amid an unprecedented boom in artificial intelligence (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.
