Cummins beats quarterly estimates on strong power generation demand
The artificial intelligence race among big tech giants has led to a surge in power demand from data centers that run AI language models, boosting sales for power solutions providers. The rise in energy demands led to a double digit sales growth for Cummins' Distribution and Power Systems segments, which engage in sale and maintenance of power generators.
(Reuters) - U.S. truck engine maker Cummins Inc on Tuesday reported fourth-quarter revenue and profit above Wall Street estimates on strong demand for its power generation products, sending the company's shares up 3.5% before the bell.
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Published by: Yahoo Finance
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