On June 9, GE Vernova declined 3.34% in regular trading, trading at $899.00/share, with trading volume of $841 million. The stock has been weakening persistently since late May, with sustained selling pressure continuing to weigh on shares.

On the news front, CEO Scott Strazik previously expressed concerns at the Bernstein Annual Strategic Decisions Conference regarding the pace of AI data center project deployment. Strazik noted that an increasing number of U.S. states are pushing back against high-energy-consumption data centers, with some customers facing delays due to grid approval processes and local policy hurdles, making it difficult for projects to transition from planning to actual construction.

These remarks have triggered ongoing market skepticism about the expected timeline for explosive AI computing power demand, placing broad selling pressure on gas turbine and grid equipment stocks. Within the Heavy Electrical Equipment sector, NuScale Power fell 4.55%, NANO Nuclear Energy declined 5.53%, and X-Energy dropped 6.20%, reflecting sector-wide weakness among power infrastructure names tied to the AI buildout narrative.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)