NYSE:JCIBuilding
Johnson Controls Resets Portfolio Toward AI Data Centers And Services
Johnson Controls International (NYSE:JCI) has agreed to sell its residential HVAC business to Bosch, reallocating focus toward data center and service solutions.
The company is expanding offerings for AI oriented data centers, including a partnership with NVIDIA to support advanced cooling needs.
Management has highlighted backlog growth as evidence of strong demand for these focus areas.
For investors tracking NYSE:JCI, this shift comes with the stock at $132.56 and a 1 year return of...