VERIFIEDET Markets·16 Sept 2026negative

GE Vernova, CG Power, other power capex stocks tumble up to 16% in 2 days amid global AI caution. What's ahead?

AI Summary

·GE Vernova T&D India, CG Power, Hitachi Energy, and TD Power Systems stocks declined by up to 16% in two trading sessions.
·The decline occurred amidst increasing global caution regarding Artificial Intelligence (AI) development.
·These stocks had previously experienced significant rallies in 2026, driven by anticipated increased power demand from India's data center expansion.