Vertiv (VRT -2.68%) is at the epicenter of the boom in spending on data centers optimized for artificial intelligence.
Recently, Zacks.com users have been paying close attention to Vertiv (VRT). This makes it worthwhile to examine what the stock has in store.
According to data provided by S&P Global Market Intelligence, shares in data center infrastructure company Vertiv (VRT -0.04%) declined by 18.7% in February. The decline is due to two interconnected factors.
VRT's strong portfolio and rich partner base, along with growing demand for AI infrastructure, are driving growth.
Vertiv Holdings Co. (VRT) closed at $86.39 in the latest trading session, marking a +1.15% move from the prior day.
Vertiv Holdings ( VRT ) is a $36 billion provider of critical digital infrastructure solutions, including datacenter power and thermal management. Vertiv grew revenues 20% in 2023, 16.6% in 2024, and this year is expected to top $9.2 billion for 15% growth.
Shares of artificial intelligence (AI) and AI-adjacent stocks such as Taiwan Semiconductor Manufacturing (TSM -4.19%), Arista Networks (ANET -7.57%), and Vertiv Holdings (VRT -10.26%) were all down big on Monday, falling 4.7%, 8.3%, and 10.5%, respectively, as of 3:52 p.m. ET.
Recently, Zacks.com users have been paying close attention to Vertiv (VRT). This makes it worthwhile to examine what the stock has in store.
Steve Weiss, Founder and Managing Partner of Short Hills Capital Partners joins CNBC's “Halftime Report” to explain why he's trimming Vertiv here.
Vertiv (VRT) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Vertiv (VRT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.