By Al Root
Nvidia is helping a lot of stocks this week besides Marvell. It's yet another example of how AI runs the market and creates opportunities for companies that aren't in tech.
Over the weekend, at a trade show in Taiwan, Nvidia got Wall Street primed by introducing several products, including its new, more powerful Vera CPU, which needs liquid cooling.
That's a boon for companies with advanced cooling tech, including nVent, Eaton, Schneider Electric, Vertiv, and Trane Technologies.
At the conference, Nvidia also announced a partnership with nVent and Siemens. The trio released a blueprint for 100-megawatt AI data centers that provides Siemens' electrical frameworks and nVent's plumbing. On Tuesday, Schneider unveiled new chillers for AI data centers.
The flurry of activity is helping the cooling stocks. Through midday trading on Tuesday, nVent was up almost 5% for the week. Siemens was up more than 3%.
Schneider was up 4% in overseas trading, putting it on pace for a three-day winning streak that has added 7% to shares. Vertiv was up 4% and is also ready to chalk up three straight days of gains.
Eaton and Trane were up 3.6% and 1.3%, respectively. For context, the S&P 500 was up 0.2%.
Those six stocks are up an average of almost 80% over the past 12 months. Impressive, but that is nothing like Marvell, which is up 362%.
Marvell's shares were up 30% on Tuesday after Nvidia CEO Jensen Huang said the $250 billion company had trillion-dollar potential.
Nvidia is the kingmaker in this market. Nobody should forget that.
Write to Al Root at allen.root@dowjones.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 02, 2026 14:16 ET (18:16 GMT)
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