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Chevron, GE Vernova Partner to Power AI Data Centers With Natural Gas

1. Chevron partners with GE Vernova and Engine No. 1 for power stations. 2. Joint venture aims to deliver 4 gigawatts of power by 2027. 3. The goal supports AI development in the U.S. amid competitive pressures from China. 4. Nuclear shares fall over 20% amid rising costs, impacting sector sentiment. 5. Chevron's shares dropped slightly following the announcement of this venture.

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FAQ

Why Bullish?

This partnership may enhance Chevron's long-term growth prospects and electricity supply.

How important is it?

The partnership aligns Chevron with emerging tech trends, potentially boosting its market position.

Why Long Term?

The venture targets future AI data center growth, promising sustained power demands.

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