Carrier Stock Drops. AI Wasn’t Enough to Save Earnings.

Core Viewpoint - Carrier Global's stock has declined approximately 2% over the past 12 months, indicating that despite a booming AI business, the company has struggled due to weak housing markets affecting its earnings [1]. Company Summary - Carrier Global, a manufacturer of air-conditioning systems, has not been able to leverage its strong AI business to offset challenges posed by a downturn in the housing market [1].