Anthropic and OpenAI Plan IPOs; GE Vernova Benefits Regardless of Outcome
Two leading artificial intelligence companies, Anthropic and OpenAI, are preparing for initial public offerings (IPOs), with Anthropic filing its S-1 on June 1, 2026. Both firms require significant amounts of electricity to power their AI operations, which has led them to advocate for increased energy production in the U.S. GE Vernova is a major beneficiary of this growing demand for power infrastructure. The company operates across three segments—power generation equipment, wind turbines and blades, and electrification solutions—and serves as an essential supplier to data centers driven by AI growth. GE Vernova's new orders surged 88% year-over-year in Q2 2026, with the electrification segment alone securing over $5 billion from data center clients. Despite recent share price corrections, GE Vernova has seen a strong performance since its spin-off from General Electric in April 2024. The company's stock remains up around 45% year to date and is positioned well regardless of which AI firm gains more traction post-IPO.
Tickers: $GEV
Topics: AI energy demand GE Vernova IPOs