Why Vertiv Stock Is Up Today
Vertiv(VRT) The Motley Fool·2024-04-25 00:25
The company's business is caught up in the AI wave.The rise of artificial intelligence (AI) is creating massive demand for new data centers, and with it demand for the companies serving the data centers.Vertiv (VRT 3.74%), one such company, easily beat quarterly expectations and its stock is up 10% as of noon ET as a result.Strong results, stronger ordersVertiv makes power management and cooling systems for data centers and communications hubs. Heat is a massive issue inside data centers and inadequate cool ...