Investment in AI has boosted tech stocks in 2025, with NVIDIA, Broadcom, and AMD seeing returns of 50%, 62%, and 114% respectively. Industrial stocks like Comfort Systems USA have also thrived, surpassing chip giants with a 132% return. The company’s HVAC services cater to the AI data center boom, leading to a revenue surge from $808 million to $2.7 billion in the first nine months of 2025.

Comfort Systems USA’s success is attributed to its HVAC solutions for data centers, utilizing modular construction for faster deployment. The company’s Q3 earnings impressed with a 35.2% revenue increase to $2.45 billion, and a record backlog of $9.4 billion, signaling strong future demand. Wall Street’s outlook on FIX’s future is mixed, with price targets ranging from 16% downside to 16% upside, reflecting uncertainty.

Despite a forward P/E ratio of 33.5x, Comfort Systems’ growth, backlog, and margin expansion are compelling. The company’s expansion of modular manufacturing capacity indicates confidence in future demand. With data center buildouts ongoing, Comfort Systems USA appears poised for continued growth, but high expectations may lead to a potential pullback in the future.

Read more at Nasdaq: Comfort Systems Is the AI Data Center Stock Beating NVDA, AVGO, & AMD