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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
According to reports, Knightdale-based manufacturer PCX is experiencing a phase of significant expansion driven by the rapidly growing artificial intelligence sector. This growth is fueled by high demand for specialized manufacturing services essential for AI infrastructure. PCX was acquired by Hubbell Incorporated approximately 20 years ago for a deal valued at nearly $110 million.
This expansion aligns with trends seen across data center suppliers; peer companies such as Eaton and Vertiv have reported robust growth in AI-related backlogs during the recent quarter per market data. The scaling of PCX operations reflects Hubbell’s strategy to capitalize on its long-term investments in electrical and digital infrastructure as capital expenditure continues to flow into advanced computing technologies.
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Sign InInvestors are monitoring Hubbell (HUBB) shares as the performance of its specialized manufacturing units becomes a key growth driver. Looking ahead, the market is weighing global manufacturing health following German Industrial Production data (close May 8, 2026) which showed a -0.7% contraction. Upcoming catalysts include speeches from Fed officials like Kashkari, which may influence capital costs for future industrial expansion projects.