Comfort Systems USA falls 7.6% to $1,738.88 as rising bond yields trigger a selloff in high-valuation data-center stocks.
HVAC stocks declined Tuesday amid a broader retreat from artificial-intelligence and data-center infrastructure equities, driven by rising Treasury yields. Comfort Systems USA (FIX) led the sector lower, dropping 7.6% to $1,738.88 in late trading.
The move follows a recent rally in AI-related infrastructure stocks, which had attracted investors despite elevated valuations. Rising bond yields often reduce the appeal of growth-oriented sectors, particularly those with extended price-to-earnings ratios.
No immediate market reaction data was provided beyond the sector’s decline.