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Data center cooling-related stocks drop after Nvidia CEO Huang's comments
Market Intelligence Analysis
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Why This Matters
Nvidia CEO Jensen Huang's comments on reduced cooling requirements for data centers led to a decline in shares of U.S. heating, ventilation, and air conditioning-related companies, with Johnson Controls International and Trane Technologies experiencing significant losses.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Shares of U.S. heating, ventilation and air conditioning-related companies dropped on Tuesday after Nvidia CEO Jensen Huang said that the company's upcoming chips could significantly reduce cooling requirements in data centers. Johnson Controls International dropped 7.5% to $112.40 and Trane Technologies lost 5.3% to $370.40. Both stocks hit multi-month lows and were among the biggest percentage decliners on the S&P 500. Speaking at the Consumer Electronics Show (CES) in Las Vegas on Monday, Huang said Nvidia's next generation of chips is in "full production."
Original article published by
Unknown
on January 6, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.