Nasdaq futures fall amid fresh AI jitters; Iran deal hopes in focus

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GE Vernova has surged over 500% since its 2024 spin-off, emerging as a key AI infrastructure play. Investors are betting on rising electricity demand from data centres, boosting orders, backlog and guidance. Strong growth in power, electrification and gas turbines is driving the rally beyond traditional chip-focused AI stocks.

SBI Funds Management IPO: The issue is attracting positive sentiment in the grey market, where it is commanding a GMP of around 16%, signalling expectations of a strong listing.