Data center cooling-related stocks drop after Nvidia CEO Huang's comments

Core Viewpoint - Shares of U.S. heating, ventilation, and air conditioning-related companies experienced a decline following comments from Nvidia CEO Jensen Huang regarding the potential of upcoming chips to significantly reduce cooling requirements [1] Group 1 - The announcement from Nvidia suggests a technological advancement that could impact the demand for HVAC systems [1] - The market reaction indicates investor concern over the implications of reduced cooling needs on HVAC companies' revenues [1] - The drop in shares reflects a broader trend of how advancements in technology can disrupt traditional industries [1]