GE Vernova Stock Pummeled on Fears Power-Demand Boom Is Cooling

GE Vernova Inc. dropped the most in six months on investor concerns that this year’s 70% stock rally was overdone following comments from Chief Executive Officer Scott Strazik that some worried signaled weakening growth prospects.

Amid an unprecedented boom in 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.