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BNP Paribas Initiates Eaton(ETN.US) With Buy Rating, Announces Target Price $380
"Is the 'Silicon Valley of the Middle East' here? The USA and the UAE have announced a partnership to create a 5 gigawatt super AI park."
The USA collaborates with the UAE to build an AI park featuring a 5-gigawatt Datacenter, which is expected to become the largest of its kind overseas; the press release states that the park will provide low-latency services to nearly half of the global population within a 3,200-kilometer range of the UAE.
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BNP Paribas Exane Initiates Eaton at Outperform With $380 Price Target