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via rte.ieBusiness & Companies

ABB posts record quarterly orders on data centre boom

FROM THE WIRE · RTE.IE

ABB said today that a boom in spending on data centres used to power artificial intelligence helped push its quarterly orders to a record, as the Swiss engineering group announced a $495m investment to expand in Asia.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord orders at an industrial group tied to AI demand can support the share price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ABB said a boom in data centre spending for AI pushed quarterly orders to a record.
  2. 02The Swiss engineering group announced a $495m investment to expand in Asia.
  3. 03The news comes from the company's statement issued today.

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