AI Boom Shifts the Mix of GE Vernova’s Customers, CEO Says

The boom in data-center development is changing the customer mix significantly for GE Vernova Inc., a key supplier of power-generation equipment.

Big data-center operators may make up as much as 25% of GE Vernova’s customers this year, up from 10% last year and a “negligible” amount in 2024, Chief Executive Officer Scott Strazik said Wednesday on Bloomberg TV.