Dec. 2 at 7:43 PM
$ETN Big opportunity for AI stock: Eaton CEO Paulo Ruiz spoke earlier at the UBS Global Industrials and Transportation Conference. Data center demand was obviously a major talking point, and what we heard about it certainly made us feel good as we look forward to 2026. First off, management noted that orders are continuing to grow and are outpacing supply chain improvements and faster chip cycles. Secondly, Ruiz reiterated that the company’s pending acquisition of Boyd Corporation’s thermal business will increase Eaton’s dollar-per-megawatt exposure to about
$3.4 to
$3.5 million, up from the current
$2.9 million. Given industry expectations of adding over 100GW of capacity over the next few years, that’s a market opportunity for Eaton in the area of
$340 to
$350 billion, which is pretty sizable for a company expected to do about
$28 billion in revenue this year and clearly indicative of a long runway of growth ahead for the broader data center buildout.
