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ABB Raises Outlook As Data Center Orders Jump 24% On AI Demand [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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in demand tied to data center infrastructure, particularly as artificial intelligence applications continue to scale. The company now guides for comparable revenue growth in the high single-digit to low double-digit range, up from its prior 6% to 9% outlook, suggesting that order visibility has improved alongside sustained investment in power-grid capacity. Chief Executive Officer Morten Wierod indicated that demand has remained resilient despite broader macro uncertainty, with data centers emerging as a key driver due to their increasing energy requirements supported by ABB's transformer solutions. Warning! GuruFocus has detected 7 Warning Signs with GETY. Is ABBNY fairly valued? Test your thesis with our free DCF calculator. That momentum is already visible in the company's latest figures. First-quarter comparable orders rose 24% to $11.3 billion, with electrification leading growth at 44%, while motion and automation delivered gains of 9% and 5%, respectively. Management high
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