Hitachi Energy India, GE Vernova, other power capex stocks rise up to 5%. Two reasons behind the surge
Power capex stocks such as Hitachi Energy India, GE Vernova, TD Power and CG Power witnessed an uptick on Thursday, tracking Nvidia’s strong data-centre growth and bullish revenue outlook. Expectations of sustained AI infrastructure spending boosted sentiment, while US restrictions on Chinese power equipment added to optimism over demand for Indian suppliers.
Power capex stocks, including CG Power, GE Vernova, TD Power, Siemens, and Hitachi Energy India, experienced a surge of up to 5% following Nvidia's impressive performance in the second quarter. Nvidia reported a staggering 117% jump in data centre revenue to $89 billion, along with promising 2028 guidance. This strong performance led investors to extrapolate the demand for AI infrastructure into the power-equipment supply chain.
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