Data center cooling-related stocks drop after Nvidia CEO Huang's comments

Shares of U.S. heating, ventilation and air conditioning-related companies dropped on Tuesday after Nvidia CEO Jensen Huang ​said that the company's upcoming chips could significantly reduce cooling ‌requirements in data centers. Johnson Controls International dropped 7.5% to $112.40 and Trane Technologies lost 5.3% to $370.40. ‌Both stocks hit multi-month lows and were among the biggest percentage decliners on the S&P 500. Speaking at the Consumer Electronics Show (CES) in Las Vegas on Monday, Huang said Nvidia's next generation of chips is in "full production."