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Investing.com -- JPMorgan said it has become far more cautious on industrial stocks tied to AI data center spending, with the bank starting Eaton (NYSE:ETN), Johnson Controls (NYSE:JCI) and Vertiv (NYSE:VRT) at Neutral and lowering the price targets on most of its other AI-linked names. Our AI stock portfolio is beating the S&P 500 by 118%. Discover the stocks we're buying and the opportunities we're watching next. Exclusive for Yahoo! Finance readers: 55% off for Black Friday, plus an extra 10% at checkout. Subscribe today! » Analyst Julian Mitchell told investors that the AI capital spending upcycle has moved past its early stage and into its later years.
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