As AI Stocks Like Nvidia Get Rattled, This Behind-The-Scenes Data Center Play Heats Up

Core Insights - The article highlights the resilience of SPX Technologies amidst challenges faced by other AI-related stocks, indicating a continued demand for HVAC solutions driven by the AI boom [1][4][6] Company Performance - SPX Technologies reported a 23% increase in sales for Q3, reaching $592.8 million, and a 32% rise in earnings to $1.84 per share, surpassing Wall Street expectations [4] - For the full year, analysts project a 21% growth in earnings, estimating $6.74 per share [5] Market Position - SPX Technologies has been recognized on the Breakout Stocks Index and the IBD 50 list, achieving a Composite Rating of 99, the highest possible, alongside Nvidia, Palantir, and Alphabet [2][5] - The company has shown strong technical performance, bouncing back into buy range after a recent pullback and maintaining support at its 50-day moving average [5][6] Industry Context - The demand for HVAC services is increasing due to the rise of AI, which necessitates efficient cooling solutions for data centers [4] - SPX Technologies operates globally, with a presence in over 16 countries, positioning itself well to capitalize on the growing HVAC market [3]