Coatue’s 35 Most Important AI Stocks

12. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 91 

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 report for the third quarter of 2024 signals the company’s financial growth as net sales reported were $2,074 million, 19% higher than the third quarter of the prior year. Also, the operating profit was $372 million, showing an increase of 48% from the third quarter of the prior year. Adjusted operating margin was 20.1%, showing an increase of 310 basis points compared to the third quarter of the prior year. This demonstrates strong business performance, with the company seeing solid growth in both sales and profits, along with healthy demand for its products. The company’s expansion of the global liquid cooling portfolio with the announcement of two new high-capacity coolant distribution units to support AI applications is a development worthy of investor attention as well.