Schneider Electric Exceeds Revenue Forecast Amid AI Data Center Growth
Schneider Electric reported first-quarter revenue of 9.77 billion euros, surpassing expectations as demand for AI data center infrastructure rises. The company benefits from its role in supplying cooling systems and other equipment to data centers, driven by significant investments from hyperscalers. The AI data center liquid cooling market is projected to grow substantially over the next decade.
Topics: AI Data Centers Foreign Exchange Impact Market Forecast Revenue Growth Schneider Electric