AI emerged as key theme at Morgan Stanley's industrials conference [Seeking Alpha]
Morgan Stanley (MS)
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Source: Seeking Alpha
improving their operations with AI tools, analysts at Morgan Stanley said Thursday. The financial-services firm this month hosted its yearly industrials conference in Laguna Beach, California, where it observed that “AI came up from both an adoption standpoint and as a driver of growth for companies with exposure to AI infrastructure,” as mentioned in a Sept. 19 report. Because data centers need reliable ventilation and cooling to run efficiently, companies that make heating, ventilation and air-conditioning equipment have a growth opportunity. Among the companies that presented fireside chats at the conference, Carrier Global ( NYSE: CARR ) and Trane Technologies ( NYSE: TT ) are two companies with exposure to commercial HVAC and data-center construction, according to Morgan Stanley. Makers of other kinds of industrial equipment such as pumps and power control also have a chance to participate in data-center growth. “Gates ( NYSE: GTES ) also sees data centers as a growth
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