Eaton Corp (ETN) stock dropped due to concerns over impact on AI supply chain

From Yahoo Finance: 2025-05-20 09:47:00

Carillon Tower Advisers released its Q1 2025 investor letter, noting the S&P 500 ended down 4.3% amid market volatility triggered by various factors. The 10-year U.S. Treasury yield declined, leading to an equity market rotation favoring defensive sectors. Top-performing sectors included energy, healthcare, and consumer staples, with a broadening market participation.

In its Q1 2025 investor letter, Carillon Eagle Growth & Income Fund highlighted Eaton Corporation plc (NYSE: ETN). Eaton’s one-month return was 23.37%, with shares closing at $329.29 on May 19, 2025. Concerns about data center spending impacting the AI supply chain affected Eaton’s stock performance.

Eaton Corporation plc (NYSE: ETN) was not among the 30 most popular stocks among hedge funds. Despite reporting revenue of $6.4 billion and adjusted EPS of $2.72, hedge fund holdings decreased to 88 at the end of Q4. While Eaton shows promise, the focus remains on AI stocks for higher returns within a shorter timeframe.



Read more at Yahoo Finance: Eaton Corporation plc (ETN) Dropped Due to Concerns Over Impact on AI Supply Chain from Slower Data Centre Expansion