Anthropic and OpenAI Are Both Racing to IPO. GE Vernova Wins Either Way.
Article excerpt
Anthropic and OpenAI are consuming tremendous amounts of electricity. That's great news for GE Vernova, which makes turbines and other equipment used in producing electricity. GE Vernova's stock's lofty valuation is arguably justified by its booming business. Two of the hottest artificial intelligence (AI) companies on the planet plan to go public. Anthropic filed a confidential S-1 initial registration statement with the U.S. Securities and Exchange Commission (SEC) on June 1, 2026, and plans to conduct an initial public offering (IPO) in November. OpenAI filed its S-1 a week later than Anthropic and will likely hold its IPO next year. While investors eagerly await the debuts of these two prominent AI stocks, there's another stock they can buy right now that is directly benefiting from the success of both Anthropic and OpenAI. GE Vernova (NYSE: GEV) doesn't care which of these AI model leaders go public first -- it wins either way. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1" - the R&D phase. "Act 2" is the global rollout. Continue » Image source: The Motley Fool. As Anthropic and OpenAI scramble to deliver increasingly advanced AI models, the electricity needed to run their systems continues to grow. Electric power ranks...
Keep reading with a free account
The rest of this article, and every signal for GE Vernova, is in your free account.
Extracted from this sentence
The company's new orders jumped 88% year over year in the second quarter of 2026 to $24.2 billion, with especially strong growth in its power and electrification segments.
