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Eaton (ETN) Announces a $30M Investment to Increase U.S. Switchgear Output

Eaton Corporation plc (NYSE:ETN) is one of the 7 Best Data Center Hardware Stocks to Invest in.

On April 8, Eaton Corporation plc (NYSE:ETN) invested over $30 million in U.S. production, constructing a switchgear facility in Bellevue, Nebraska. The investment is to meet high demand from AI data center customers. The company stated that the facility will give preference to speed and quality for medium-voltage equipment use in power distribution systems.

Separately, on April 13, Citi lifted Eaton Corporation plc (NYSE:ETN)’s price target to $464 from $435. It retained a Buy rating on the stocks and modified industrial sector expectations for Q1. Citi believes “gradually improving” manufacturing fundamentals can improve profit momentum.

Dmitry Kalinovsky/Shutterstock.com

The firm sees 7-9% organic growth in 2026 with segment margins of 24.6-25.0%. It forecasts EPS of $11.57-$12.07, with adjusted EPS of $13.00-$13.50. In the first quarter of 2026, the company expects organic growth of 5-7%, segment margins of 22.2-22.6%, EPS of $2.29-$2.49, and adjusted EPS of $2.65-$2.85.

Eaton Corporation plc (NYSE:ETN) is a power management firm that presents energy-saving solutions for electrical, hydraulic, and mechanical power. It works in the Electrical Americas and Electrical Global; Aerospace, Vehicle, and eMobility segments.

While we acknowledge the risk and potential of ETN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ETN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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