Gas boom keeps fueling GE Vernova, the AI tracker's power play

The gas buildout news reinforces the demand case behind GEV, the AI tracker's third-largest holding. GEV's gas turbine backlog hit 116 GW in Q2 with orders up 88% YoY, and it lifted full-year cash flow guidance sharply. But turbine slots are near sold out through 2030, factory output is the real ceiling, and shares near $950 trade at a rich ~31x earnings. Community backlash and paused approvals are the swing risks.