Johnson Controls (JCI) stock slides 6% after Nvidia’s “no water chillers” line jolts data-center cooling trade
New York, Jan 6, 2026, 20:13 (EST) — Market closed Johnson Controls International plc (NYSE: JCI) shares closed down 6.2% at $113.95 on Tuesday after Nvidia CEO Jensen Huang said the chipmaker’s next platform would sharply reduce the cooling equipment needed in data centers. The stock was down as much as 7.5% earlier in the session and hit a multi-month low. (Source: Reuters) The selloff matters because investors have treated Johnson Controls and other heating, ventilation and air-conditioning (HVAC) suppliers as a way to play the AI-driven buildout of data centers. Cooling is a basic cost of running server farms,