Forgent Power Solutions is trading 4.5% up today at $34.76 as the stock extends its AI-driven rally following reports of a massive order backlog.
- Investors remain focused on the companyβs $2 billion AI data center order backlog, which has recently sparked bullish analyst commentary and strong pre-market gains.
- The upward move is supported by a broader risk-on tone in equities and ongoing enthusiasm for AI infrastructure plays, with software and cloud-related names rallying alongside major tech leaders.