Power Capex Stocks Jump up to 5% on NVIDIA Outlook, US China Ban
· Business · Economic Times, Bloomberg, Wall Street Journal
Shares of Hitachi Energy India, GE Vernova, CG Power, TD Power, and Siemens rallied up to 5% on Thursday, tracking NVIDIA's forecast of 117% year-on-year growth in data centre revenue to $89 billion alongside bullish 2028 guidance. TD Power gained 5% to Rs 765, GE Vernova TD India added over 4% to Rs 4,535, CG Power rose over 2% to Rs 899, and Siemens climbed to Rs 4,137. US President Donald Trump separately signed an executive order declaring a national emergency over foreign-made equipment in the US electricity grid and banning certain Chinese power equipment, lifting expectations of fresh demand for Indian suppliers. NVIDIA also announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to mobilise more than $500 billion for AI infrastructure financing.
Why it matters
Indian power equipment makers stand to win new orders as global AI infrastructure spending accelerates and US restrictions push hyperscalers toward non-Chinese suppliers, directly benefiting listed names like Hitachi Energy India, CG Power, and TD Power.
Read the original report — Economic Times
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