15 AI News You Must Read Today

Page 6 of 14

9. Vertiv Holdings Co (NYSE:VRT)

Market Capitalization: $46.74 billion

Vertiv Holdings Co (NYSE:VRT) offers digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. Its offerings, such as its cooling and power systems, are crucial to ensure that data centers run smoothly.

On November 13, Evercore lifted its price target on Vertiv Holdings Co (NYSE:VRT) to $150 from $135 and reiterated an “Outperform” rating. According to the firm, this power and cooling equipment manufacturer is on track towards growth, gaining from artificial intelligence market expansion and also gaining share in an expanding market.

“We think the company is well-positioned to not just capture secular tailwind AI infrastructure tailwinds, but also gain share in an expanding market, and more importantly, do so in an increasingly more profitable manner,”

 -Evercore.

Page 6 of 14