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☆ AI needs to keep cool—literally. That's driving demand for these infrastructure companies
▼ + stars: | 2024-05-08 | by ( Seema Mody | ) www.cnbc.com time to read: +2 min

The advent of artificial intelligence has sent demand for data centers skyrocketing, along with industrial components to keep all the AI chips from overheating. "The key for chipmakers with AI ambitions is keeping data centers cool," Melius Research analyst Jake Levinson told CNBC. Levinson said cooling technologies manufacturers Carrier Global , Trane Technologies and Johnson Controls are all seeing higher demand for HVACs. Then there are the companies that create the infrastructure used to regulate temperature – from Parker-Hannafin's fluid connectors to Dover's industrial-style pumps used in liquid cooling. "We're having to challenge ourselves and how we support that capacity growth," CEO Scott Strazik told CNBC after the company posted first-quarter earnings last month.

Persons: Jake Levinson, Levinson, DOV, Stephen Volkmann, Volkmann, Scott Strazik, He's, I've, we've Organizations: CNBC, Carrier Global, Trane Technologies, Johnson, Jefferies, Caterpillar, Cummins, GE Vernova, GE Locations: Parker

☆ Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some Nvidia
▼ + stars: | 2024-05-07 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

But the chipmaking darling is far from the only artificial intelligence stock that's run too far too fast. Elsewhere, Altimeter's Brad Gerstner eased his stake in the chipmaker and other winning technology stocks, he told CNBC's " Halftime Report ." Nvidia isn't the only AI play vulnerable to profit taking here. Of the group, Micron Technology shares trade at the most significant premium. Over the last year, shares have surged 493% and trade at a 185% premium to their five-year average PE.

Persons: Stanley Druckenmiller, CNBC's, Altimeter's Brad Gerstner, Druckenmiller, We've, Broadcom's Organizations: Nvidia, CNBC Pro, Devices, Micron Technology, Arm Holdings, Broadcom, Arista Networks, Applied Materials, KLA Corporation Locations: British

☆ Samsung or SK Hynix? One Nvidia supplier is the better AI play, the pros say
▼ + stars: | 2024-05-06 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Two stocks have dominated the memory chip market: Samsung and SK Hynix . SK Hynix is already the primary supplier of HBM3 chips to Nvidia's AI chipsets. SK Hynix Trent Masters, global portfolio manager at Alphinity Investment Management, says he prefers SK Hynix. Nam Hyung Kim, partner at Arete Research, also prefers SK Hynix, giving it a buy rating and Samsung a neutral rating. "[But I] also anticipate a buying opportunity on SK Hynix once it is adjusted due to intensifying competition in HBM3E," said Kim.

Persons: TSMC, Masters, Nam Hyung Kim, Nam, Sung Kyu Kim, Kim, —, Sheila Chiang Organizations: Big Tech, Nvidia, Samsung, SK Hynix, South, South Korean, CNBC, SK Hynix Trent Masters, Alphinity Investment Management, Micron, SK Hynix's, Arete Research, Daiwa Locations: Asia, Pacific, HBM3, HBM3E

☆ Jensen Huang started his $2 trillion company Nvidia at a Denny's breakfast booth
▼ + stars: | 2024-05-04 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Some people start businesses in their parents' garages or basements. Jensen Huang started his trillion-dollar tech company Nvidia while eating at a Denny's restaurant in San Jose, California, he recently told CBS' "60 Minutes." Nvidia, one of the chipmakers behind the burgeoning artificial intelligence industry, is currently worth $2.22 trillion, ranking it among the most valuable companies in the world. But in 1993, it was a business idea shared by three friends and engineers — Huang, Chris Malachowsky and Curtis Priem — who wanted to revolutionize gaming and media with 3D graphics. In 1993, the trio met at the Denny's location, Huang said.

Persons: Jensen Huang, — Huang, Chris Malachowsky, Curtis Priem —, Huang Organizations: Nvidia, CBS Locations: San Jose , California

☆ Super Micro plummets 15% after posting revenue miss
▼ + stars: | 2024-05-01 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

The Super Micro Computer logo is seen on a smartphone screen. Super Micro Computer shares plunged 15% on Wednesday after the server company upped its top-line guidance but reported third-quarter revenue that slightly missed estimates. Super Micro hiked its fiscal 2024 revenue forecast to between $14.7 billion and $15.1 billion, exceeding the $14.6 billion expected, per LSEG. Super Micro joined the S&P 500 in March. Also on Tuesday, Wells Fargo analysts, maintaining an equal weight rating on Super Micro stock, dropped their price target from $960 to $890.

Persons: Wells, SMCI, — CNBC's Michael Bloom Organizations: Micro Computer, LSEG, Micro, Dell, Hewlett Packard Enterprise, Nvidia, Bank of America, JPMorgan, Barclays

☆ How CEOs are preparing for possible employee protests
▼ + stars: | 2024-04-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

You can always choose to move on, but remember you don’t have a right to work at most companies. We can’t keep re-litigating when we also have a business to runYou speak with CEOs every day. Most of the CEOs I’ve talked to said they haven’t seen their employees protest, but they’re bracing for it. But I will say that I don’t think it will become that widespread because of how swiftly and unapologetically Google addressed it. I don’t think it will become a thing.

Persons: Sundar Pichai, Bell, Johnny C, Taylor Jr, that’s, we’re, We’re, we’ve, I’m, You’d, They’re, I’ve, Royce, Peter Valdes, “ We’re, ”, Martin Fritsches, “ That’s, Brian Fung, Sean Lyngaas, Satya Nadella, Sam Altman, Northrop Grumman, Alejandro Mayorkas Organizations: CNN Business, Bell, New York CNN, Google, Tech, Society for Human Resource Management, Companies, Royce, BMW, OpenAI, Microsoft, Department of Homeland Security, Delta Air Lines, DHS, “, Amazon Web Services, IBM, Cisco, ’, Civil Locations: New York, Israel, Chichester , England

As the busy first-quarter earnings season moves along, several stocks still set to report could be due for big swings. First-quarter earnings have boosted stocks this week, as more than 77% of companies in the S & P 500 have exceeded analysts' expectations, according to FactSet. The S & P 500's year-over-year earnings growth for the first quarter is running at about 5.6%, according to Friday data from LSEG . The names on tap range from big-name AI plays Super Micro Computer and Amazon to health-care giants such as Moderna . Chipmakers Super Micro Computer and Advanced Micro Devices could also see some major moves this week, as they could rise or fall as much as 12.6% and 7.4%, respectively.

Persons: Curtis Nagle, Nagle, Samik Chatterjee, Goldman Sachs, Pinterest Organizations: Dow Jones, Computer, Moderna, CNBC Pro, Bank of America, TikTok, JPMorgan, Super Locations: chipmakers

☆ Analyst says buying Nvidia is 'no brainer' as tech companies 'spend like crazy' in AI race
▼ + stars: | 2024-04-29 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Nvidia is proving itself a key beneficiary as technology companies "spend like crazy" to take advantage of artificial intelligence, according to Melius Research. "Sometimes a no brainer is a no brainer," analyst Ben Reitzes wrote on Monday. Reitzes' bullish take is tied to how aggressively he says technology companies and fellow chipmakers are pursuing artificial general intelligence, or artificial intelligence most closely akin to human reconnaissance. Nvidia will remain an essential piece of any tech firm's AI pursuits, he said. NVDA YTD mountain Nvidia stock.

Persons: Ben Reitzes, Reitzes, Blackwell, Nvidia's Blackwell, — CNBC's Michael Bloom Organizations: Nvidia, Research, Microsoft

☆ CEOs of OpenAI, Google and Microsoft to join other tech leaders on federal AI safety panel
▼ + stars: | 2024-04-26 | by ( Brian Fung | ) edition.cnn.com time to read: +2 min

Washington CNN —The US government has asked leading artificial intelligence companies for advice on how to use the technology they are creating to defend airlines, utilities and other critical infrastructure, particularly from AI-powered attacks. The Department of Homeland Security said Friday that the panel it’s creating will include CEOs from some of the world’s largest companies and industries. The list includes Google chief executive Sundar Pichai, Microsoft chief executive Satya Nadella and OpenAI chief executive Sam Altman, but also the head of defense contractors such as Northrop Grumman and air carrier Delta Air Lines. It also includes federal, state and local government officials, as well as leading academics in AI such as Fei-Fei Li, co-director of Stanford University’s Human-centered Artificial Intelligence Institute. The US government already uses machine learning or artificial intelligence for more than 200 distinct purposes, such as monitoring volcano activity, tracking wildfires and identifying wildlife from satellite imagery.

Persons: Sundar Pichai, Satya Nadella, Sam Altman, Northrop Grumman, ”, Alejandro Mayorkas, Fei Li, Joe Biden Organizations: Washington CNN, Department of Homeland Security, Google, Microsoft, Delta Air Lines, DHS, “, Amazon Web Services, IBM, Cisco, ’, Civil, Stanford, Intelligence, Safety, Security

☆ Why chipmakers are the stars of the week, plus Cramer's read-through on 3 reports
▼ + stars: | 2024-04-26 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Best in months: The S & P 500 and Nasdaq are both higher on Friday, on pace for their best weeks since November. The gains break a three-week losing streak for the broad-based S & P and four straight losing weeks for the tech-heavy Nasdaq. About 46% of the S & P 500 has reported earnings so far, with nearly three quarters beating consensus expectations, according to FactSet. Earnings ahead : The busiest week of the first-quarter earnings season is coming up. But the company will still be buying back stock ahead of better times."

Persons: Jim Cramer, there's, Grace Hopper Superchip, Sanjay Mehrotra, Lam, Sanjay, we'll, Dow, Dupont, Jim Cramer's, Jim, Milton J, Kevin Lamarque Organizations: CNBC, Nasdaq, Microsoft, Intel, Nvidia, Micron, Lam Research, Apple, Coterra Energy, Starbucks, DuPont, Jim Cramer's Charitable, Micron Technology, Rubenstein Museum of Science, Technology Locations: Chevron, Devon, Syracuse , New York, U.S

☆ Nvidia jumps more than 15% this week. A key reason: what other companies are saying
▼ + stars: | 2024-04-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

"These are big checks made out to get Blackwells and H200s from, yes, Nvidia," Jim Cramer said during Friday's Morning Meeting . "There are a lot of people … that think this stock is a dangerous stock," Jim said. The next earnings report to shed light on demand for Nvidia's AI chips is set for Tuesday evening when Club name Amazon releases first-quarter results. While Amazon also has custom AI chips, it's a sizable Nvidia customer and the companies have enjoyed a longtime partnership. Even electric vehicle maker Tesla indicated earlier this week that it plans to buy tens of thousands more Nvidia chips this year to support self-driving car efforts.

Persons: Wall, Jim Cramer, Blackwell, OpenAI, There's, Jim, Wednesday's, – tanked, Alphabet's, FactSet, Ruth Porat, capex, Porat, Amy Hood, Hood, Microsoft's, Tesla, Jim Cramer's, Jensen Huang, Josh Edelson Organizations: Nvidia, Microsoft, Investors, Devices, Meta, Facebook, Bank of America, AMD, Broadcom, Wall, Google, Amazon, CNBC, SAP Center, AFP, Getty Locations: –, U.S, San Jose , California

☆ Biden, Seeking to Build on Fruitful Week, Will Announce Billions in Chip Grants
▼ + stars: | 2024-04-25 | by ( Madeleine Ngo | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +1 min

Micron will use the grants to help construct two leading-edge chip manufacturing plants in New York and another facility in Idaho, Biden administration officials said before the president’s trip to Syracuse, N.Y., for the announcement. The federal government will also provide up to $7.5 billion in loans to Micron. The legislation gave the Commerce Department $39 billion to distribute as grants to incentivize chipmakers to construct and expand manufacturing plants across the United States. On Wednesday, he secured the endorsement of the North America’s Building Trades Unions, largely because of his bipartisan infrastructure package. He also is fresh off signing a $95.3 billion package of aid for Ukraine, Israel and Taiwan after months of congressional gridlock, reaffirming a central focus of his foreign policy agenda.

Persons: Biden, incentivize, Chuck Schumer Organizations: Micron Technology, Micron, Commerce Department, Unions Locations: New York, Idaho, Syracuse, N.Y, United States, Ukraine, Israel, Taiwan

☆ TSMC's stalled Arizona chip factory is 'well on track' to start production next year — and it'll be charging more for US-made chips
▼ + stars: | 2024-04-19 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Last year, Taiwan Semiconductor Manufacturing Company reported its first profit decline in four years. The company said engineering wafer production began at the factory in April, an important step toward the eventual chip production. Last July, TSMC announced that chip production for the first factory would be postponed from 2024 to 2025. Barring further setbacks, TSMC's update could mean the first factory will begin production of chips in 2025. This funding could be particularly important for TSMC, given the cost of factory construction and chip manufacturing can differ between the US and Taiwan.

Persons: —, TSMC, Biden, Joe Biden, — TSMC, Dylan Patel, SemiAnalysis, that's, Morris Chang, C.C, Wei Organizations: Service, Taiwan Semiconductor Manufacturing Company, Business, Biden, Financial Times Locations: Taiwan, Arizona, Phoenix, Japan, Germany

☆ Thinking beyond Nvidia to other AI stocks earned this investor once in a lifetime returns
▼ + stars: | 2024-04-18 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +5 min

Using this strategy, he identified three big winners: Eaton , Vertiv and Super Micro Computer . Around the same time the fund picked Eaton, Ocean Park also was buying Vertiv. On Tuesday, Loop Capital analysts put a $1,500 target on Super Micro. Having three stocks in the portfolio perform like Eaton, Vertiv and Super Micro may be a once in lifetime event. Jean-Jacques said the firm has about 40 long positions in its biggest fund, the Ocean Park Omaha Dislocation Fund.

Persons: J, Dennis Jean, Jacques, Jean, Eaton, FactSet, Dave Cote Organizations: Investments, Chief, Nvidia, Devices, CNBC, Micro, International Energy Agency, Whirlpool, Loop Capital, JPMorgan, Ocean, Honeywell Locations: Vertiv, Eaton, Columbus, Westerville , Ohio, San Jose , California, Omaha

☆ Why semiconductors could be the most efficient artificial intelligence play
▼ + stars: | 2024-04-18 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Investing in semiconductors may be the most efficient way to play the artificial intelligence boom, according to VanEck's CEO. "Semiconductors have become the heart of the AI trade," Jan van Eck told CNBC's "ETF Edge" this week. His firm's VanEck Semiconductor ETF (SMH) , which tracks 25 of the biggest chipmakers in the country, is up 21% this year as of Wednesday's close. However, SMH has fallen nearly 6% this month, led to the downside by Intel , AMD and On Semiconductor . Still, Akins advises investors to pay attention to semiconductor fund flows as a barometer for future performance.

Persons: Jan van Eck, CNBC's, SMH, it's, Van Eck, van Eck, Mike Akins, Akins, pare Organizations: Semiconductors, Semiconductor, Intel, AMD, Nvidia

☆ Critical chip firm ASML posts profit beat but sales miss expectations with 22% drop
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML's net sales fell in the middle point of the company's guidance. ASML on Monday said first-quarter profit beat expectations while sales missed forecasts, with the company sticking to its full-year outlook. ASML has previously said it expects net sales for 2024 to be similar to 2023 and reiterated this projection on Monday. ASML previously said that export restrictions would impact 10% to 15% of China sales this year.

Persons: Joe Biden's, ASML, Peter Wennink, ASML's bullishness, Roger Dassen Organizations: Samsung, Taiwan Semiconductor Manufacturing Co, Intel Locations: Netherlands, China, U.S, America

☆ Geopolitical strife is roiling Wall Street. Here’s what investors are watching
▼ + stars: | 2024-04-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Those what-ifs could further roil gas and oil prices. But if there’s further conflict, he said, “you’d see a much higher premium for oil prices. If there’s a de-escalation of tensions between Israel and Iran, they said, oil prices should come down over the next few weeks. But if there’s an escalation in conflict, they expect that oil prices could jump to more than $100 per barrel, they wrote in a note Monday. Retail sales rose 0.7% in March from the prior month, a slower pace than February’s upwardly revised 0.9% gain, the Commerce Department reported Monday.

Persons: New York CNN —, JPMorgan Chase, Jamie Dimon, ” Dimon, Jerome Powell, We’ll, Christine Lagarde, Andrew Bailey, Dave Sekera, Israel doesn’t, ”, “, Moody’s, there’s, Chris Isidore, Pete Muntean, Sam Salehpour, Read, Bryan Mena, Claire Tassin Organizations: CNN Business, Bell, New York CNN, Dow, JPMorgan, International Monetary Fund, IMF, Bank, Bank of Canada, Seven, European Central Bank, Bank of England, Morningstar, Nvidia, AMD, Wall Street Journal, Federal Reserve Bank of New, Boeing, Federal Aviation Administration, Alaska Airlines, Commerce Department, Morning, Amazon Locations: New York, Russia, Ukraine, China, United States, Washington ,, Iran, Israel, Federal Reserve Bank of New York

☆ Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
▼ + stars: | 2024-04-15 | by ( ) www.cnbc.com time to read: +2 min

The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically. Samsung's cluster in Taylor, Texas, would include two factories that would make four- and two-nanometer chips. In addition to the $6.4 billion, Samsung has indicated it also will claim an investment tax credit from the U.S. Treasury Department. The government has previously announced terms to support other chipmakers including Intel and Taiwan Semiconductor Manufacturing Co. in projects spread across the country.

Persons: Biden, Joe Biden, Gina Raimondo, Raimondo, Lael Brainard Organizations: Samsung Electronics, Commerce Department, Texas, Samsung, White, National Economic Council, Defense Department, U.S, U.S . Treasury Department, Intel, Taiwan Semiconductor Manufacturing Locations: Texas, United States, Taylor , Texas, Austin , Texas, Austin, China

☆ U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production
▼ + stars: | 2024-04-15 | by ( Madeleine Ngo | Don Clark | ) www.nytimes.com time to read: +1 min

The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up domestic production of cutting-edge semiconductors. The money will help Samsung, the South Korean company, fund its new chip manufacturing hub in Taylor, Texas, and expand an existing site in nearby Austin. Samsung will now build an additional manufacturing plant and upgrade a facility under construction in Taylor. Federal officials said the grants would help create a U.S. hub for the development and production of leading-edge semiconductors. The announcement follows other awards that federal officials have made to semiconductor manufacturers in recent weeks.

Persons: Biden Organizations: Samsung, South Korean, Federal, Commerce Department Locations: Taylor , Texas, Austin, Taylor, Texas, U.S, United States

☆ Wedbush's Matt Bryson talks the AI chip space
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWedbush's Matt Bryson talks the AI chip spaceMatt Bryson, Wedbush Enterprise Hardware Analyst, joins 'Closing Bell Overtime' to talks the AI chipmakers including Nvidia and recent comments from CEO Jensen Huang.

Persons: Matt Bryson, Jensen Huang Organizations: Enterprise, Nvidia

☆ An options trade that seeks to capitalize on Intel weakness Friday
▼ + stars: | 2024-04-12 | by ( Jeff Kilburg | ) www.cnbc.com time to read: +2 min

This trade seeks to take advantage of the current discount and the heightened volatility being applied to Intel. INTC SOXX 5Y mountain Intel, 5 years Earlier this week, Intel unveiled its latest artificial intelligence chip, called Gaudi 3. Intel is trying to penetrate and take market share from AI leader Nvidia, which possesses nearly 80% of the market share in the AI chip market. This trade seeks to capitalize on the increase in volatility as Intel dropped nearly 4% on the open. DISCLOSURES: (Long intel and this trade) THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .

Persons: Mike Tyson, YouTuber Jake Paul, Gaudi Organizations: Intel, AMD, Nvidia, intel Locations: China

☆ Nvidia is in a bubble, stocks will disappoint for a decade, and a recession will strike this year, markets guru warns
▼ + stars: | 2024-04-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Nvidia is in a bubble, stocks will falter, and a recession will hit this year, Jesse Felder said. The markets guru said the microchip frenzy would fade, and stock-market returns would drop off. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNvidia hype is a bubble that will burst, stocks will disappoint for the next decade or longer, and a recession will strike this year, Jesse Felder said.

Persons: Jesse Felder, —, outsize, Felder, Jeff Bezos, Meta's Mark Zuckerberg, Jamie Dimon Organizations: Nvidia, Service, Micron

The U.S. has passed a series of export controls starting in October 2022 aimed at restricting China's access to advanced chip technology, particularly those used in AI applications. According to data from tech consultancy Omdia, China consumes nearly 50% of the world's semiconductors as it is the biggest market for assembling consumer devices. But, soon after, it was reported that Nvidia was working on a new chip made for China. The company did not respond to a request for comment on their plans for the China market. An analysis of Huawei's Mate 60 Pro smartphone by TechInsights revealed an advanced chip made by China's top chip maker, SMIC.

Persons: Wong Yu Liang, Chris Miller, William B, Bailey, Donald Trump, TechInsights Organizations: AMD MU, P Global, Intel, Broadcom, Qualcomm, Marvell Technology, U.S, The, CNBC, Nasdaq, Intelligence, Micron Technology, AMD, Nvidia, Huawei, Semiconductor Industry Association, America's Micron, country's Cyberspace Administration, Micron Locations: China, The U.S, U.S, Washington, Xi'an, Netherlands, Beijing

☆ 'It's all upside' for TSMC and other chipmakers over the next decade, advisory firm says
▼ + stars: | 2024-04-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'It's all upside' for TSMC and other chipmakers over the next decade, advisory firm saysOlivier Blanchard, research director at The Futurum Group, says "it's a good time to be a chip manufacturer, and it's a really good time to be TSMC," and discusses how a Trump presidency might affect the Taiwanese chip giant's outlook.

Persons: Olivier Blanchard, Trump

☆ Want to ride the next wave of the AI trade beyond tech? These 2 portfolio stocks fit the bill
▼ + stars: | 2024-04-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +10 min

Eaton and DuPont are both unconventional AI plays, as the data center market grows to meet the demands of the generative AI boom. Wells Fargo Investment Institute last month described rising data center demand as having positive "trickle-down effects" on the industrial sector. WFII wrote that spending from Big Tech firms into data centers, in particular, creates "meaningful downstream impacts" for industrial companies. Amazon Web Services is reportedly investing nearly $150 billion in data centers within the next 15 years to support AI efforts. During a Barclays investor conference in February, CFO Lori Koch said DuPont's data center and AI exposure will help boost the company's electronics business.

Persons: Eaton, Jensen Huang, Huang, chipmaker, Sameer Samana, WFII, Jim Cramer, Eaton's, DuPont, Lori Koch, Koch, Jim Cramer's Organizations: The, DuPont, Club, Nvidia, Wells, Wells Fargo Investment Institute, CNBC, Big Tech, —, Microsoft, Services, McKinsey, workloads, Electrical, Management, Barclays, Wall Street, RBC Capital Markets, Eaton, RBC, U.S, De Nemours, DuPont's Electronics, Semiconductor Technologies, DuPont's Semiconductor Technologies, Jim Cramer's Charitable Locations: Wells Fargo, U.S, Eaton, China

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