Vertiv: A Potential Buy-The-Dip (Q2 Preview)
Vertiv(VRT) Seeking Alpha·2024-07-24 01:28
TPAP8228/iStock via Getty Images Since my bullish piece entitled "Further Upside Possible Driven By Generative AI" on Vertiv Holdings (NYSE:VRT) in December last year, it has gained more than 90% mainly because of the opportunities associated with cooling Nvidia's (NVDA) power-hungry AI chips in data centers. Currently trading at around $88, its stock has followed the semiconductor giant since the launch of ChatGPT in November 2022 as shown below. Data by YCharts However, as evidenced by the chart above ...