Dycom, Mayville Engineering, Array, Cummins, Regal Rexnord Shares Surge on AI Infrastructure Demand
Several stocks, including Dycom, Mayville Engineering, Array, Cummins, and Regal Rexnord, experienced significant gains in morning trading. This surge was driven by increased capital spending related to artificial intelligence infrastructure and defense, which boosted demand for power systems, data center construction, and electrical grid buildouts. The gains were further amplified by the broader market rally in the S&P 500 and Nasdaq.