Swiss engineering group ABB reported record-high quarterly order intake, driven by strong demand in the United States and for products used in data centers for AI. Orders in the U.S. surged 37%, outpacing the group’s overall 14% increase. ABB’s stock rose 7% in Zurich trading, with core operating income up 9% to $1.71 billion.

CEO Morten Wierod attributed the increase to a large order and customer investments in automation and electrification, not tariff-related pre-ordering. ABB, which sells 80% of its U.S. products locally, is not impacted by tariffs. Net income of $1.15 billion exceeded analyst expectations, with revenue up 8% to $8.90 billion.

While ABB’s robotics business faced trade uncertainty, its data center business thrived, with orders up 10-20% in the quarter. U.S. companies made significant AI and energy investments, aligning with President Trump’s focus on maintaining technological leadership. ABB’s data center business is primarily in the U.S., with some presence in Asia, Africa, the Middle East, and Europe.

Read more at Yahoo Finance: ABB posts record orders on booming US and data centre demand