Several companies have made significant announcements related to AI and its applications. Carrier Global reported a 35% jump in global Commercial HVAC orders and a 500% surge in data center orders, driven by AI-focused cooling technologies. The company's venture arm, Carrier Ventures, backed ZutaCore, a liquid cooling provider, to support high-density AI workloads.
ServiceNow highlighted its AI Control Tower and partnership with Experian, expanding its AI capabilities. The company projects $25.3 billion revenue and $2.7 billion earnings by 2029, with a $1.4 billion earnings increase from $1.3 billion today. Meanwhile, Eaton Corporation committed over $30 million to a new Nebraska switchgear plant, citing growth in AI data center power demand.
WisdomTree introduced two new ETFs, WisdomTree Physical AI, Humanoids, and Drones Fund and Efficient Rare Earth Plus Strategic Metals Fund, offering exposure to AI and strategic metals. Agilysys showcased AI-powered features at its INSPIRE 2026 conference, improving efficiency, guest engagement, and revenue performance.
Seagate reported record margins and strong free cash flow, with its HAMR-based Mozaic drives seeing momentum amid AI-led storage demand. AppLovin delivered Q1 2026 results that topped expectations, with upbeat guidance and plans to open its AXON AI platform to more advertisers. ExlService appointed a new president and head of international growth markets, emphasizing its AI-led model built on data and domain expertise.
Key Takeaways
['Carrier Global sees 35% jump in global Commercial HVAC orders and 500% surge in data center orders driven by AI-focused cooling technologies.', 'ServiceNow projects $25.3 billion revenue and $2.7 billion earnings by 2029, with a $1.4 billion earnings increase from $1.3 billion today.', 'Eaton Corporation commits over $30 million to a new Nebraska switchgear plant, citing growth in AI data center power demand.', 'WisdomTree introduces two new ETFs, WisdomTree Physical AI, Humanoids, and Drones Fund and Efficient Rare Earth Plus Strategic Metals Fund.', 'Agilysys showcases AI-powered features at its INSPIRE 2026 conference, improving efficiency, guest engagement, and revenue performance.', 'Seagate reports record margins and strong free cash flow, with HAMR-based Mozaic drives seeing momentum amid AI-led storage demand.', 'AppLovin delivers Q1 2026 results that top expectations, with upbeat guidance and plans to open its AXON AI platform to more advertisers.', 'ExlService appoints new president and head of international growth markets, emphasizing AI-led model built on data and domain expertise.', '26% of announced corporate layoffs in May were attributed to AI initiatives, according to a UBS report.', 'Samsung strike impacts AI supply chain, with 45,000-person labor strike at memory chip plants.']Carrier Global surges on AI-driven data center demand
Carrier Global reported a 35% jump in global Commercial HVAC orders and a 500% surge in data center orders. The company is seeing growth driven by AI-focused cooling technologies. Carrier Ventures backed ZutaCore, a liquid cooling provider, to support high-density AI workloads.
10x Genomics and ServiceNow. The ServiceNow deal with Experian is particularly relevant here. Experian will help power ServiceNow’s expanded AI capabilities, especially around data exchange and identity management. NOW’s investment narrative projects $25.3 billion revenue and $2.7 billion earnings by 2029. This requires 5.0% yearly revenue growth and about a $1.4 billion earnings increase from $1.3 billion today.
ServiceNow highlighted its AI Control Tower and partnership with Experian, expanding its AI capabilities. The company projects $25.3 billion revenue and $2.7 billion earnings by 2029.
WisdomTree launches AI and strategic metals ETFs
WisdomTree introduced two new ETFs, WisdomTree Physical AI, Humanoids, and Drones Fund and Efficient Rare Earth Plus Strategic Metals Fund, offering exposure to AI and strategic metals.
Eaton invests in AI data center power
Eaton Corporation reported Q1 2026 results and highlighted growth in AI data center power demand. The company committed over $30 million to a new Nebraska switchgear plant.
Agilysys AI solutions gain traction
Agilysys showcased AI-powered features at its INSPIRE 2026 conference, improving efficiency, guest engagement, and revenue performance. The stock has fallen 41.7% year-to-date.
Accenture faces federal contract cuts
Accenture reported a 14.6% drop in its 30-day share price return and 35.1% year-to-date. The company faces pressure from federal contract cuts and generative AI concerns.
Seagate's HAMR drives see AI demand
Seagate reported Q3 2026 results with record margins and strong free cash flow. The company's HAMR-based Mozaic drives see momentum amid AI-led storage demand.
OceanFirst Financial sees AI-driven trading
OceanFirst Financial reported mixed Q1 results and disclosed new institutional stakes. AI-driven trading models flag weak near-term sentiment and short setups.
AppLovin AI growth beats expectations
AppLovin delivered Q1 2026 results that topped expectations, with upbeat guidance and plans to open its AXON AI platform to more advertisers.
ServiceNow AI Control Tower gains momentum
ServiceNow unveiled AI-native products and alliances at its Knowledge 2026 conference. The company positioned its AI Control Tower as a governance layer for agentic AI.
Samsung strike impacts AI supply chain
A 45,000-person labor strike at Samsung's memory chip plants could disrupt the AI supply chain. The strike centers on bonus payouts and benefits.
AI stock rally echoes 1999 dot-com bubble
The AI stock rally shows similarities and differences with the 1999 dot-com bubble. Semiconductor stocks have seen massive gains, with 63 stocks up over 100% and 18 up over 200%.
Synaptics expands Edge AI and IoT growth
Synaptics accelerates focus on Edge AI and Physical AI, reporting strong IoT growth and expanding product portfolio with AI-native processors.
Top 3 ETFs to invest in, according to AI
TipRanks' AI analyst rates SPYM, OMFL, and LRGG as top ETFs to invest in. These funds offer exposure to various market segments.
ExlService quietly rewires global moat around AI
ExlService appoints new president and head of international growth markets, emphasizing AI-led model built on data and domain expertise.
A quarter of layoffs attributed to AI
A UBS report finds 26% of announced corporate layoffs in May were attributed to AI initiatives. AI-driven job cuts rise to 16% year-to-date.
Sources
- How Investors Are Reacting To Carrier Global (CARR) Surging AI‑Driven Data Center HVAC Demand
- Did WisdomTree’s New Physical AI and Strategic Metals ETFs Just Shift Its (WT) Investment Narrative?
- Should Eaton’s AI Data Center Push and Nebraska Plant Investment Require Action From Eaton (ETN) Investors?
- A Look At Agilysys (AGYS) Valuation As AI-Powered Hospitality Solutions Gain Customer Traction
- Assessing Accenture (ACN) Valuation After Federal Contract Cuts And Generative AI Demand Concerns
- Should Seagate’s Record Margins and HAMR Momentum Amid AI Demand Require Action From Seagate (STX) Investors?
- What OceanFirst Financial (OCFC)'s AI-Driven Trading Signals and New Institutional Stakes Mean For Shareholders
- Assessing AppLovin (APP) Valuation After Q1 Beat Strong AI Growth And AXON Platform Expansion
- Did ServiceNow's AI Control Tower Push and Experian Deal Just Rewire NOW's Investment Narrative?
- Samsung workers threaten strike over AI boom bonuses
- Markets Brief: Echoes of 1999 in the Latest AI Stock Rally?
- SYNA: AI-native processors and IoT growth drive expansion in robotics and semi-custom markets
- 3 Best ETFs to Invest In, According to AI Analyst, 5/18/2026
- Is ExlService (EXLS) Quietly Rewiring Its Global Moat Around AI, Incentives, and Passive Capital?
- A quarter of recent layoffs has been attributed to AI
Comments
Please log in to post a comment.