GE shares surge 9% premarket on news of new IoT business, JPMorgan upgrade

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GE to launch $1.2 billion industrial Internet of Things company; shares jump 8%

 

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This is like a company saying they are going to become a crypto company. Grasping at an industry to drive shareholder value. Also, power is in the data, not IoT devices. Should brand themselves that way.

Sounds promising

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