Hitachi Energy India, GE Vernova, other power capex stocks rise up to 5%. Two reasons behind the surge

Shares of power capex stocks such as CG Power, GE Vernova, TD Power, Siemens rallied up to 5% after chip giant Nvidia reported a staggering 117% jump in data centre revenue year-on-year at $89 billion in the second quarter, alongside stellar 2028 guidance.

In today’s session, TD Power shares jumped 5% to Rs 765 per share, while GE Vernova TD India gained over 4% to Rs 4,535. CG Power shares rose over 2% to Rs 899 per share, while Siemens also rose over 2% to Rs 4,137 per share. Hitachi India shares rose over 3% to Rs 34,248 per share.

1.) What did Nvidia say about data centres?

Nvidia announced strategic partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent compute-financing platforms. The platforms are expected to mobilise more than $500 billion of third-party capital over time for the buildout of AI infrastructure, subject to definitive agreements.


The company also expanded Korea's AI factory ecosystem through strategic partnerships with SK Telecom, NAVER and Brookfield. The partnerships will support the development of sovereign AI infrastructure at gigawatt scale on the NVIDIA DSX platform, as part of a broader Nvidia-powered national AI push across Korea's industries and research institutions.

AI data centres need enormous amounts of electricity and the equipment required to transmit, convert and manage that power. So, when Nvidia signals that hyperscalers, AI labs and other customers are continuing to spend heavily on AI infrastructure, investors extrapolate that demand into the power-equipment supply chain.

2.) US bans Chinese power equipment manufacturers

US President Donald Trump on Wednesday signed an executive order declaring a national emergency over foreign-made equipment used in the U.S. electricity grid and banning the use of certain such equipment, the White House said.

The order points to what the White House called an "unusual and extraordinary foreign threat" from foreign-made bulk-power systems that could create national security vulnerabilities.

The move is the latest step by Washington to address technology threats it associates with China. It follows a decision by the European Commission earlier this year to prohibit Chinese-made inverters from publicly funded energy projects.

Under Trump's order, certain foreign-produced bulk-power system equipment will be prohibited from being purchased or installed in the United States. The ban also covers associated critical software and digital capabilities that could create cybersecurity or operational risks, according to the White House.

The order further directs the U.S. Energy Secretary to set conditions for the continued use and operation of such equipment in order to address concerns identified by the Trump administration, the White House said.

Nvidia Q2 results

Nvidia shares jumped 5% in extended trading on Wednesday after the world's most valuable company reported second-quarter fiscal 2027 results that came in ahead of analyst expectations. The stock got another boost after management indicated that growth could double in the next fiscal year.

Nvidia's revenue more than doubled from a year earlier to $96.22 billion, beating the $92.17 billion estimate. Earnings per share came in at $2.22, compared with analyst expectations of $2.10.

Nvidia is betting that the artificial intelligence boom is far from over. The chipmaker on Wednesday forecast a 70% jump in revenue next fiscal year, pointing to continued demand for AI computing even as shortages of memory components threaten to constrain how quickly it can expand.

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