ABB Shares Drop on AI Worries Despite Record Orders
ABB shares dropped nearly six percent as market nervousness over artificial intelligence investments weighed on the company. Despite record orders and a sales outlook increase, investors remained cautious about sector valuations.
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ABB LTD-REG shares dropped 6% on Tuesday in Switzerland as investor anxiety over artificial intelligence valuations overshadowed record orders. The sell-off hit the engineering group despite an upgraded full-year sales outlook and surging demand for data centre infrastructure. Investors are questioning the financial sustainability of the AI boom, dragging down related equities globally.
