Eaton proved to be something of an artificial intelligence dark horse in 2024 — riding the AI investment wave with best-in-class power management solutions.
Beyond data centers, hundreds of billions of dollars are being invested in energy transition technology, vehicle electrification, digitalization, infrastructure spending, and re-industrialization.
While the build-out of data centers certainly won't be in a straight line as companies look to balance capital expenditures with profits, we expect Eaton to continue to profit from the need for more computing power.
Spending on the data centers may fluctuate quarter to quarter but as we have heard from tech CEOs all year long, the world needs more accelerated data centers, beyond what can be retrofitted.
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