GE Vernova CEO Scott Strazik announced on 16 September that the company's backlog could reach $200 billion in early 2027, earlier than Wall Street expected. The backlog stood at $167 billion at the end of Q2 2026, up from $176 billion the previous quarter. The power equipment manufacturer has seen strong demand driven by AI data centres. Data centre-related orders exceeded $5 billion in the first half of this year, more than double 2025's total. GE Vernova's Q2 revenue grew 22% year-on-year to $11.1 billion. Free cash flow reached $5.1 billion, surpassing its full-year 2025 level. The company raised its 2026 revenue forecast to $45.5 billion-$46.5 billion. However, the Wind business segment posted losses of $275 million, widening 66% year-on-year.

US Treasury yields near 4.79% reflect strong corporate borrowing for AI investments rather than economic weakness, according to analysts Joel Litman and Rob Spivey. They argue that context matters more than absolute rate levels. Companies borrowing at 5% to fund projects returning 30-40% benefit from current rates, whilst those earning less than borrowing costs face pressure. The analysts note that AI-related corporate debt issuance reached roughly $1.5 trillion this year, driving yields higher. Alphabet posted its first negative free cash flow since 2004, burning $5.9 billion in Q2 as capital expenditure hit $44.9 billion. Amazon swung to negative $7.6 billion on a trailing basis. However, negative cash flow can signal productive investment rather than distress, the analysts suggest.

GE Vernova and Quanta Services are positioned as resilient stocks that could withstand market volatility, according to a new analysis. Both companies are benefiting from surging demand for electrical infrastructure driven by AI and data centre expansion. GE Vernova, spun off from General Electric in 2024, has seen its stock rise more than sixfold since debut. The company's backlog expanded 37% year over year to $176.3 billion at the end of Q2 2026, nearly four times its projected annual revenue of $46.2 billion. Quanta Services, an energy infrastructure builder, reported a backlog of $53.4 billion in Q2 2026, up 49% year over year. The company's revenue is projected to grow 39% in 2026. Analysts expect GE Vernova's revenue and adjusted EBITDA to grow at compound annual growth rates of 17% and 60% respectively from 2025 to 2028.