AI data centers are putting pressure on the US power grid, making grid equipment manufacturers, apart from chipmakers, direct beneficiaries of the AI buildout. GE Vernova’s total orders increased 88% organically to $24.2 billion in the quarter, bringing its backlog to a record $176 billion. Philippe Laffont’s Coatue Management retains a $2.24 billion stake, leveraging GE Vernova’s position as a key bottleneck supplier for AI data center energy requirements. Insider Monkey’s VerdictGE Vernova (NYSE:GEV) is going through a classic high-growth transition, with temporary operational frictions in legacy divisions far outweighed by a historical demand tailwind. A $176 billion backlog, $11.5 billion or more in annual free cash flow, and 88% organic order growth demonstrate that GE Vernova (NYSE:GEV) is still an essential component of the AI power grid transition landscape.