Vertiv Holdings (NYSE: VRT) and GE Vernova (NYSE: GEV) are emerging as two of the strongest plays on the global power infrastructure boom driven by artificial intelligence.
Goldman Sachs projects global power demand from data centers to rise 165% from 2023 levels by 2030, creating an enormous commercial runway for both companies.
Vertiv reported first-quarter revenue growth of 30% year over year, a pace that significantly outstrips the S&P 500’s historical annual return of approximately 10%.
That growth rate has accelerated consistently over the past three years as AI infrastructure investment has expanded rapidly across global markets.
CEO Giordano Albertazzi signaled continued momentum, stating on the quarterly earnings call, “Our pipeline generation is robust, and we’re still expecting another year of strong order performance in 2026.”
Following that strong start to the year, Vertiv’s management raised its full-year guidance, now projecting sales growth of between 29% and 31% year over year.
The consulting firm McKinsey estimates global data centers could require over $6 trillion of investment by 2030, a figure that points to substantial future order volumes for Vertiv.
Vertiv’s competitive moat is built on its scale and capacity to fulfill large, complex data center orders, giving it a structural advantage over smaller rivals in this space.
The stock currently trades at a forward price-to-earnings multiple of 51, with earnings expected to grow at an annualized rate of 32%, suggesting meaningful upside potential through 2030.
GE Vernova is a leading supplier of gas turbines and grid modernization technology, with its installed base helping deliver roughly 25% of the world’s electricity.
Demand for the largest gas turbine units is so intense that reported wait times for new orders now stand at a minimum of five years, underlining the supply constraint facing the sector.
GE Vernova posted revenue growth of 16% year over year in the first quarter, supported by a deep and growing backlog of committed orders.
CEO Scott Strazik outlined the long-term earnings trajectory on the company’s recent earnings call, saying, “Delivering on our growing backlog in the second half of this decade will lead to a larger and even more profitable service book that will benefit us in the 2030s and beyond.”
That backlog provides GE Vernova with a high degree of revenue visibility, positioning the stock to continue appreciating and outperforming broader market benchmarks well into the next decade.
