GE Vernova Inc. (NYSE: GEV) is currently a strong contender among 52-week high stocks to consider. On July 21, the company announced its acquisition of France-based Alteia to enhance its artificial intelligence (AI) capabilities used by utility companies for grid assessments. This acquisition integrates visual and operational data with the company’s existing GridOS Visual Intelligence software, supporting GEV’s growth in the electrification software sector. RBC Capital Markets predicts substantial growth driven by increasing power demands from data centers, particularly as AI and cryptocurrency technologies gain traction. GEV plays a pivotal role in the energy transition, focusing on reliable, sustainable energy solutions. Although GEV presents an attractive investment opportunity, there are other AI stocks with potentially higher upside and lower risk. For insights into undervalued AI stocks that may benefit from onshoring trends, explore our free report on short-term AI stock recommendations.
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