Why data-center cooling stocks dropped fast after Nvidia CEO Jensen Huang spoke at CES - here's the breakdown

: Shares of companies that make cooling systems for data centers plunged Tuesday after Trane, Modine, Johnson Controls, and Carrier Stocks Slide Sharply After Nvidia CEO Comments at CESTrane Technologies Plc, known for its water-chilled cooling systems, saw its stock tumble as much as 11% in its steepest intraday drop since 2020, as per a Bloomberg report. Modine Manufacturing Co fell 21%, while Johnson Controls International Plc and Carrier Global Corp also slid amid the selloff.Nvidia’s Rubin Chips Could ...