15 AI News Investors Are Paying Attention To

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9. Eaton Corporation plc (NYSE:ETN

Number of Hedge Fund Holders: 90 

Eaton Corporation plc (NYSE:ETN) operates as a power management company worldwide. The primary AI catalyst for the firm is sales of data center equipment. It makes and sells electrical components used in data centers across the globe. UBS analyst Amit Mehrotra recently assumed coverage of the stock with a Buy rating with a price target of $431, up from $330. Eaton can sustain high single digit revenue growth for several years to come, driven by data center growth, electrification trends and reshoring of manufacturing capacity, the analyst told investors in a research note. Additionally, UBS believes the company’s earnings can reach $17 per share in 2028, 4% above consensus, with upside to $19.

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