From Edison to the AI age: inside GE Vernova’s reinvention and 600% stock spike

Good morning. The company Thomas Edison helped found in 1892 to light up the world is now betting its future on powering the AI age. As GE Vernova CEO Scott Strazik told me recently, “For us, our true north is to electrify the world. And if we electrify the world, we will decarbonize the world.” GE Vernova’s equipment and technology are used to generate about 25% of the world’s electricity, whether it’s gas, wind, steam, hydro, or nuclear energy. It also produces equipment and software for power grids. (Shawn Tully recently wrote about GE’s turnaround and its split into three entities: GE Vernova is No. 124 on the Fortune 500, GE Aerospace is No. 101, and GE Healthcare is No. 217.) Since GE Vernova became an independent public company in April 2024, the stock is up more than 600%. But behi