Jensen Huang's Comments Trigger Major Volatility in Cooling Sector, Leading Cooling Giants' Stocks to Be "Frozen"

Glonghui News, January 6｜Due to comments made by Nvidia's CEO raising concerns in the market about demand for data center cooling products, shares of cooling system manufacturers fell sharply on Tuesday. Shares of Johnson Controls, which manufactures water cooling equipment and similar systems, plunged as much as 11%, marking the largest intraday decline since 2022. Modine Manufacturing dropped as much as 21%, while Carrier Global and Trane Technologies also moved lower. At CES in Las Vegas, Nvidia CEO Jensen Huang stated that it may be possible to cool racks equipped with Nvidia’s next-generation Rubin chips using water temperatures that do not require chillers. Barclays analyst Julian Mitchell wrote: “Given Nvidia’s central role in the entire AI ecosystem, their comments should not be underestimated, even if at first glance they seem rather dramatic.”