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Stock impact report

Why SPX Technologies (SPXC) Stock Is Trading Lower Today [Yahoo! Finance]

SPX Corporation (SPXC) 
Last spx corporation earnings: 4/30 04:15 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The worries stemmed from Nvidia's mention of "warm-water cooling" during a keynote presentation, which sparked an initial sell-off. Investors seemed to fear that a change in technology preferences could reduce demand for SPX's products. According to analysis from TD Cowen, the market may have misinterpreted the announcement. The firm emphasized that SPX's cooling towers remained "essential for heat rejection in liquid cooled data center systems." Despite the view that the sell-off was unwarranted, the negative sentiment appeared to carry over and weigh on the shares. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy SPX Technologies? Access our full analysis report here SPX Technologies's shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something Show less Read more
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