Eaton moves one step closer to becoming a cleaner bet on the AI boom

A new deal from Eaton gives investors exactly what they want: a leaner company with greater exposure to the AI data center boom. Auto parts manufacturer Dana has agreed to combine with Eaton's lagging Mobility business in a deal that values the unit at $5.1 billion, the companies said on Thursday. The move not only removes a drag on Eaton's earnings growth but also positions the company to benefit from higher-margin businesses that support the data center buildout. …