GE Vernova (GEV) Stock Gets Slammed – AI Fears Plus a Brutal New Rating
TLDR
- GEV fell 8.6% on Monday to $874.66, far underperforming the S&P 500’s 0.5% drop
- Anthropic CEO Dario Amodei and other AI leaders called for a global slowdown in AI development
- GLJ Research’s Gordon Johnson initiated coverage with a Sell rating and a Street-low $470 price target
- Johnson’s 2027 Ebitda estimate of $7.4B sits well below the FactSet consensus of $9.5B
- Sector peers Eaton and Vertiv also fell around 7.6% on the day
GE Vernova stock dropped 8.6% on Monday, September 14, closing at $874.66. That compares to a 0.5% decline in the S&P 500 and a 0.6% drop in the Nasdaq Composite.
Two things hit GEV at once: a wave of AI-related fear across the market and a fresh Sell rating from an analyst who thinks the stock could lose half its value.
The AI concern started with an essay from Anthropic CEO Dario Amodei, who argued that AI capabilities are advancing faster than researchers can control them. He called for a slowdown in frontier AI development and proposed embedding independent safety monitors inside AI labs.
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