Johnson Controls lifts profit forecast on AI cooling needs
Johnson Controls raised its annual profit forecast to $4.85 per share. The move follows strong demand for data center cooling solutions tied to AI expansion.
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Johnson Controls International raised its annual adjusted profit forecast to $4.85 per share on Wednesday, citing surging demand for data center cooling. The new outlook exceeds the $4.76 per share expected by LSEG analysts and follows a prior company forecast of $4.70. Investors are tracking how infrastructure suppliers capture the AI boom as compute capacity requires more energy-efficient thermal management.
