Trump Compares AI Data Centers To Oil Boom — Nvidia CEO Agrees
Trump called AI data centers “the oil” of the next 25 years as consumers reckon with the environmental toll and high costs to communities.
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Trane Technologies and Eaton developed an integrated design for NVIDIA’s DSX AI Factory, targeting faster development and more efficient AI data centers.
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Trump called AI data centers “the oil” of the next 25 years as consumers reckon with the environmental toll and high costs to communities.
Eaton stock is trading lower Monday morning as broad-based concerns over hyperscale AI capital expenditures and macroeconomic volatility weigh on high-multiple electrical equipment providers.
The article compares Eaton, a profitable industrial power management company with strong cash flow and shareholder returns, against Rivian Automotive, a growth-stage EV manufacturer still unprofitable despite revenue growth. The author recommends Eaton as the superior investment due to its proven profitability, durable demand tailwinds from data centers and grid modernization, while Rivian remains years away from sustainable profitability despite progress on its R2 platform.
Philadelphia Fed factory activity jumped to 47.4 in August versus 25.0 expected, and six-month optimism hit its highest level since 1983.
Cummins (NYSE: CMI) will supply battery energy storage systems (BESS) for a major U.S. AI data center in its largest deployment yet.