AIBloomberg Techabout 3 hours ago
ABB Orders Surge 40% on AI Data Centers
1 min read
ABB reported third-quarter orders jumping 40% to $12.1 billion, driven by data center demand for artificial intelligence applications. The company beat analyst estimates of $11.4 billion and added a joint venture with Mitsubishi Electric Corp. Year to date, shares gained 26% before declining 7% this month due to market faltering.
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