Data center-related cooling stocks drop after Nvidia CEO hints at chiller-free future

Comfort Systems Usa

06/01/2026 17:44

** Shares of U.S. heating, ventilation and air conditioning-related companies drop after Nvidia NVDA.O CEO Jensen Huang's  comments raise concerns about future demand from data centers

** Johnson Controls International JCI.N plunges 8%, Comfort Systems FIX.N down 2.5% and Trane Technologies TT.N falls 4.7%

** Huang, at CES trade show in Las Vegas, says next-gen Rubin chips can significantly reduce cooling requirements in data centers

** Adds that "no water chillers are necessary for data centres"

** NVDA to debut Vera Rubin platform later this year, comprising six separate chips

** Chillers are "predominant" pieces of equipment for data centers; investors had piled into cooling stocks last year during AI rally

** Shares of Vertiv Holdings VRT.N, which makes both cooling systems and power equipment, fell as much as 2%

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))