Data-Center Cooling Stocks Sink After Nvidia CEO’s CES Talk

Makers of cooling systems saw their stocks sell off Tuesday after comments by Nvidia Corp.’s chief executive raised fears about demand for their products from data centers. Johnson Controls International Plc, which makes water-cooled chillers and similar systems, slid 6.2% in its worst day since July. Modine Manufacturing Co. closed down 7.5% after paring an earlier drop of as much as 21%. Trane Technologies Plc fell 2.5%. Most Read from Bloomberg Photographer: Bridget Bennett/Bloomberg It’s possible t ...