AI Stocks Dominate Wednesday’s 10 Worst Performers

2. Vertiv Holdings Co. (NYSE:VRT)

Vertiv Holdings nosedived by 10.88 percent on Wednesday to finish at $81.62 apiece as investors soured on bearish outlooks from two analysts.

Barclays lowered its price target for the company to $100 from $110 previously but maintained an equal weight rating on VRT.

According to the investment firm, VRT’s orders in the first quarter of the year would not seem to translate to high-teens growth in 2026.

In addition, Barclays turned cautious following Alibaba (NYSE:BABA) Chairman Joe Tsai’s sour comments on the AI sector, saying that it has become “a bubble.”

For its part, TD Cowen underscored the noticeable slowdown in orders for data center equipment that is hurting demand for its cooling systems.

The shift began in January this year when technology giants Microsoft and Google began redesigning their data centers to cram more power-hungry equipment into each server rack.

It underscored that neither the hyperscalers nor the third-party data centers would be able to place orders until the new designs are finished.