[DEVELOPING] Rotation from silicon to the power stack strengthens; desk validates Quanta and GE Vernova buys
Fresh Sept 16-17 coverage frames AI's binding bottleneck as generation and grid rather than GPUs, with data-center electricity demand projected to more than double by 2030 and power lead-times exceeding data-center build times. Quanta carries a record $53.4B backlog (closed ~$619 on Sept 16) and GE Vernova's data-center orders topped $5B year-to-date, already double the full 2025 total, guided toward 25% of orders. The desk validated PWR and GEV as buys on this structural driver; the offset is full valuations and heavy put activity into Quanta's next print.