On June 24, GE Vernova rose 3.06% in regular trading, trading at $1064.321/share, with turnover of $1.08 billion. The stock rebounded after falling nearly 7% in the prior session.

On the news front, Microsoft and Chevron announced a 20-year agreement to develop a 2.67GW natural gas power project in Texas dubbed \"Project Kilby,\" which will exclusively adopt GE Vernova's gas turbines to supply dedicated power for AI data centers without connecting to the public grid. The facility, leveraging the Permian Basin's abundant natural gas resources, is expected to begin operations in 2028 and expand incrementally. Additionally, GE Vernova announced a new combined cycle power plant with over 1.6GW capacity targeting commercial operation by 2030.

These developments reinforce the structural demand tailwind from AI infrastructure buildout. The company's $10 billion share buyback program, doubled dividend to $0.50 per share, nuclear energy partnerships advancing BWRX-300 small modular reactors in Europe, and global gas turbine supply tightness with lead times extending to 2029-2030 continue to underpin medium-term growth visibility.

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