Why Is Eaton Stock Gaining Wednesday? - Eaton Corp (NYSE:ETN)

Eaton Corp. (NYSE:ETN) stock rose after the company announced a $50-plus million investment to expand U.S. manufacturing capacity in Virginia.The move positions the power-management firm to meet surging data-center demand driven by rapid AI and cloud growth.The company says it will build a 350,000-square-foot facility near Richmond to produce critical power-distribution equipment for data centers. Also Read: Intel, AMD And Texas Instruments Sued Over Chips Allegedly Ending Up In Russian WeaponsEaton aims to ...