Shares of Vertiv (VRT -4.78%), which makes infrastructure for cooling and power systems for data centers, were heading lower today on reports that Amazon could be challenging the company in cooling technology.
Vrt stock took a hit on the markets today, with its stock dropping more than 11% after Amazon Web Services rolled out its own custom cooling tech for high-performance AI servers. The news caught investors off guard and sparked fresh concerns about Vertiv's position in a fast-evolving data center landscape.
In today's video, I discuss recent updates affecting Nvidia (NVDA 1.10%) and Vertiv (VRT -0.29%). To learn more, check out the short video, consider subscribing, and click the special offer link below.
Data center Vertiv Holdings Co (NYSE:VRT) is charging 2.9% higher to trade at $129.93 this morning, after landing an upgrade at Melius Research to "buy" from "hold.
Shares in data center equipment company Vertiv (VRT 2.91%) surged by 19% in June, according to data provided by S&P Global Market Intelligence. The move comes as the market's concerns over a slowdown in data center capital spending have been assuaged by positive news flow from companies like Vertiv's partner, data center architecture company Nvidia (NVDA 1.28%).
Vertiv's Q1 FY2025 results beat expectations, with strong revenue growth, record backlog, and raised guidance, reinforcing my bullish thesis despite the recent rally. Vertiv's pure-play data center focus and leadership in the AI buildout position it for sustained growth as global data center demand accelerates. I believe Wall Street's post-earnings estimate cuts are illogical and that tariff co...
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