We Called GE Vernova Two Years Ago. Here Is What the Thesis Looks Like Now — And Whether to Keep Holding.

Chip Stock Investor Podcast · Apr 30, 2026 · 10m

Two years ago, Nick called out GE Vernova when the profit margin was still near zero and the company had just been spun off from GE. The thesis was straightforward: free of the conglomerate, management could finally allocate capital productively, margins would expand, and the company would be perfectly positioned for the AI-driven build-out of the electric grid and data center power infrastructure.

That thesis has now fully played out. GE Vernova just reported Q1 2026 earnings — nearly $5 billion in free cash flow, raised revenue guidance to $44.5–45.5 billion, higher EBITDA and FCF margins…