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'We have to build new power plants' to meet AI demand, says ABB CEO Morten Wierod
Youtube· 2025-09-24 21:28
Outsized numbers being thrown around regarding AI and data center buildouts, including OpenAI's $850 billion expansion. That's equal to the output of 17 nuclear plants. But how is the energy grid going to handle the added load.And who will ultimately pay for the increased consumption. Well, joining us right here on set is ABV CEO Morton Verrod. Morton, it's great to have you.Welcome. >> Thank you. Great to be here.>> This is one of the areas that you play in is electrification, automation, and sort of uh bu ...
GE Vernova Rides Electricity Boom as Cramer Endorses Stock and Price Target Climbs
Yahoo Finance· 2025-09-16 14:14
GE Vernova Inc. (NYSE:GEV) is one of the 12 Jim Cramer Stock Picks this Week. Pointing to a Bull market in electricity, Jim Cramer gives a green signal to the stock purchase, and subsequently, the company’s target price rises. GE Vernova Rides Electricity Boom as Cramer Endorses Stock and Price Target Climbs The second quarter earnings results reported on July 23, 2025, highlighted a revenue of $9.11 billion, an 11% increase compared to the same period last year. During the quarter, the company’s backlo ...