30 AI News Investors Should Not Miss

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13. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 92 

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments. The stock has gained attention among Wall Street analysts since the firm posted second quarter earnings in which it reported 13% growth in sales and a 50% jump in earnings. However, the stock still dropped over 10% in value following the report amid broader concerns around overspending in the AI sector. Barron’s analyst Jacob Sonenshine wrote in an investor note on the firm that the infrastructure and cooling systems needed for data centers were the bread and butter for Vertiv Holdings Co (NYSE:VRT), whose business was too strong to get undermined by what looked to be a short-term concern.

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