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The market crashed due to new U.S. tariffs announced by President Trump, triggering fears of a global trade war. Countries like China retaliated, worsening tensions. Investors panicked, fearing an economic slowdown, which led to sharp declines in major indices and erased billions in market value.
Cummins’ strong performance highlights the increasing power needs of AI data centers, benefiting its power generation segment. The firm reported $8.45 billion in revenue, surpassing the expected $8.30 billion, and lifted earnings per share to $5.86 from a projected $4.80.
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+8.34% closed: 2024-11-08Cummins’ strong performance highlights the increasing power needs of AI data centers, benefiting its power generation segment. The firm reported $8.45 billion in revenue, surpassing the expected $8.30 billion, and lifted earnings per share to $5.86 from a projected $4.80.
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