Trane Technologies drops 7.59% on Jan 6, 2026 after Nvidia Rubin cooling remarks

On January 6, 2026, Trane Technologies fell 7.59% to $361.30 after Nvidia CEO Jensen Huang said the Vera Rubin platform maintains prior-generation cooling needs despite higher power. The comments sparked concerns over traditional HVAC demand in data centers, weighing on Johnson Controls and Carrier, while liquid-cooling specialists nVent Electric and Vertiv were viewed as potential beneficiaries.