GEV is trading 3.4% down at $1,049.00 in pre-market as the recent rally driven by AI-related power demand optimism loses momentum.
- The pullback follows a multi-day rebound and occurs despite a lack of fresh company-specific headlines.
- Broader market sentiment is weighed down by a risk-off tone, with U.S. equity futures and tech-linked names trading lower.
- Investors are showing increased caution amid growing concerns regarding stretched AI valuations across the sector.