finance.yahoo.com

Trane and Carrier see surging AI data-center demand for cooling

Trane Technologies logoTrane Technologies
Sig2.60Sen+5.10Env-0.60Soc0.00Gov0.00
Carrier Global logoCarrier Global
Sig2.70Sen+6.65Env0.00Soc0.00Gov0.00

With a record backlog, Trane is positioning itself to sell cooling equipment to data centers as AI spending accelerates. Carrier also reports a record backlog, with orders rising 40% year over year and data-center orders increasing 300%, suggesting strong, ongoing demand that supports future growth prospects for these cooling providers.

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