10 AI News Updates Investors Should Not Miss

4. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 91

Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. On January 29, TipRanks reported that Bank of America Securities analyst Andrew Obin has maintained their bullish stance on VRT stock, giving a Buy rating in a report issued on January 21. Obin’s buy rating is based on the company’s projected growth in earnings and its strategic positioning in the AI and data center markets. The analyst also believes that Vertiv’s stock may be undervalued given that the market is cautious about EPS growth and AI revenue, but maintains that 25% yearly EPS growth from 2024 to 2027 is realistic. Vertiv’s non-AI revenue streams are expected to grow steadily, and its strategic involvement in AI and broader data center infrastructure markets further positions it for future growth. Overall, its plans related to hyperscaler capex and continued revenue growth in both AI and non-AI sectors have led to the Buy rating.