GE Vernova Stock Is Down 20% From Its High. Here's Why I'd Buy The Dip Today.

Over the past 52 weeks, shares of GE Vernova (NYSE: GEV) have traded as high as $1,195.94. However, with the stock closing at $946.22 on Sept. 21, shares are down 20.8% from that 52-week high. Still, given the opportunities ahead for GE Vernova, I would consider buying shares despite the pullback. Here's why.Image source: The Motley Fool. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue » Cashing in on power demand While shares of GE Vernova are down some 20% from their 52-week high, the stock price is still up 47% over the past year.