11 AI News Updates Investors Should Not Miss

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1. Vertiv Holdings Co. (NYSE:VRT)

Number of Hedge Fund Holders: 92

Vertiv Holdings Co. (NYSE:VRT) is an electrical equipment and parts company that designs, manufactures, and services critical infrastructure technologies and solutions for data centers, including power, cooling, and IT infrastructure. The company strengthened its thermal management portfolio with the unveiling of Vertiv™ CoolLoop Trim Cooler on March 11.

The unveiling of the CoolLoop Trim Cooler represents a strategic expansion as Vertiv Holdings Co. (NYSE:VRT) targets high-growth AI infrastructure markets. The cooling system is designed to address cooling challenges in AI deployments. The 3MW cooling capacity specification is important because it will be able to support the next generation of AI clusters, which would need a much higher power density than what is currently available. Vertiv offers a mature solution to the market at a time when demand is increasing, and alternatives are becoming more and more available, as big cloud providers and AI startups compete to build out specialized infrastructure.

“AI is dramatically changing the cooling profiles of today’s data centres, requiring innovative approaches to managing the thermal challenges inherent in 100kW+ racks,” said Sam Bainborough, vice president of thermal business EMEA at Vertiv. “Today’s announcement, and the ongoing expansion of Vertiv’s industry-leading high-density thermal management portfolio, allows us to deliver pioneering, future-ready liquid cooling and chilled water solutions to meet our customers’ AI-driven demands.”

While we acknowledge the potential of Vertiv Holdings Co. (NYSE:VRT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VRT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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