ABB Lifts Revenue Forecast as Data Center Orders Surge

2 articles · Updated · Bloomberg · Apr 22

ABB has raised its annual revenue outlook following a surge in first-quarter orders driven by strong data center demand.
The Swiss company now expects high single-digit to low double-digit comparable revenue growth, up from its previous 6% to 9% guidance.
Robust demand for ABB’s power-grid products highlights the increasing investment in data center infrastructure.

Can the aging US power grid be upgraded fast enough to support the relentless growth of artificial intelligence?

With local communities blocking new projects, where will the world's next major data center hubs be built?

As data centers go off-grid for power, who will pay for the public infrastructure left behind?

Will the massive energy needs of AI force a global renaissance for nuclear power?

Is natural gas the only realistic way to power the immediate AI expansion?