ABB order inflows may boost Siemens and Honeywell
pre-market1 source ↓written by the desknot a recommendation
ABB reported stronger-than-expected order inflows, indicating robust industrial capex demand despite inflation concerns. This trend is expected to positively impact companies like Siemens and Honeywell Automation, particularly with increased orders from hyperscaler data centers. Additionally, Kirloskar Oil Engines' entry into the data center power segment marks a significant milestone for future valuations.
Not investment advice. For informational purposes only.