Jim Cramer Discusses These 10 Stocks, The Fed Chair & Lower AI Costs

5. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders In Q3 2024: 91

Vertiv Holdings Co (NYSE:VRT) was one of the worst-hit stocks during Monday’s DeepSeek selloff. This is because of two factors. First, the firm is significantly exposed to the data center market courtesy of its products such as busbars and racks. Secondly, its shares had soared by 140% in 2024 as investors piled in because of the AI exposure. Yet, Vertiv Holdings Co (NYSE:VRT) sank by 30% on Monday as investors questioned whether the billions of dollars earmarked for AI spending were actually necessary. The day after the selloff, Cramer cautioned viewers that the stock could fall further:

“[On no rebound for VRT] No, of course not. The sellers didn’t get finished yesterday. When you see stocks that are down thirty, forty, fifty points, that’s, these are the guys furiously selling and they rarely get done selling on the first day.

“We have to let the sellers get finished. You don’t want to ever come in and pay up after a day like yesterday. You think the sellers went away? Like hey, you know what, I’m fine, I’m completely finished.”