CMI stock jumps 4.13% after securing a significant deal to supply power solutions for AI-driven data centers.
Cummins (CMI) shares climbed 4.13% to $728.87, breaking out of a cup-shaped pattern with a buy point at 718.08. The rally follows a large-scale contract to provide power infrastructure for AI data centers, driving investor optimism.
The stock’s relative strength line hit a new high, supported by an IBD Composite Rating of 89/99 and a strong industry group ranking of 25/197. Analysts expect earnings growth to accelerate as demand for data-center power solutions rises.
The broader construction sector also saw gains, with GE Vernova supplier Arcosa nearing a breakout at 135.58.