ABB Reports Record Orders on Data Centre Boom
ABB reported record quarterly orders of 12 billion dollars driven by surging demand for data centre products. The Swiss engineering group also announced a 495 million dollar investment for an Asian joint venture.
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ABB Ltd posted a record $12 billion in quarterly orders, driven by a surge in artificial intelligence data centre spending. The Swiss engineering group's orders surged 40% in the three months ended September 30. The results topped expectations and prompted the company to raise its full-year sales guidance.
