ABB: Powering AI's Buildout, But With Little Room For Error
2026-02-24 02:23:10 ET
As AI spending increasingly shows up in physical infrastructure, ABB ( ABBNY )( ABB:CA ) has been one of the rare beneficiaries. ABB provides many components, from backup power to electricity distribution, that are utilized in data centers. This has boosted revenue and profits in recent quarters, though the valuation now appears stretched. The last time we took a look at the company, almost a year ago, it was still reshaping its portfolio. Since then it sold the robotics division to SoftBank at a decent price, and has seen growth reaccelerate thanks to data center demand. However, with shares up over 76% since then, the valuation has become even more demanding....
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ABB: Powering AI's Buildout, But With Little Room For Error
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