LOHA News & Analysis

Cummins (CMI) Q2 Sales Reach $2.3 Billion, Up 19%

Cummins (CMI) reported record Q2 Power Systems sales of $2.3 billion, representing a 19% increase, driven by sales of backup diesel generators to AI data centers. The Roundhill Heavy Assets and Low Obsolescence ETF (LOHA) focuses on companies with strong physical assets and is designed to counterbalance software and AI-heavy portfolios. The ETF consists of 100 US companies, rebalanced quarterly, with a 0.35% expense ratio. For investors, Cummins' strong performance signals potential opportunities in sectors benefiting from AI infrastructure growth.