Jim Cramer’s Latest Lightning Round: Top 10 Stocks

3. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Investors: 91

A caller recently asked Jim Cramer about his thoughts on Vertiv Holdings Co (NYSE:VRT). Here is what Cramer said:

“Here’s the problem. You just came across it, others have come across it long before. We’ve had them on. I know the company really, really well, and it’s up like 10 times now. But here’s what matters: if you buy some and then let it come in, you know what? I’m fine. I just don’t want you to buy it all at this level because it is very high.”

Baron Small Cap Fund stated the following regarding Vertiv Holdings Co (NYSE:VRT) in its Q3 2024 investor letter:

“Vertiv Holdings Co (NYSE:VRT) is a leader in data center equipment, with significant share in both power and cooling applications. The stock rebounded off recent weakness, as investors gained confidence that a massive build out of AI data centers globally was on the horizon. Vertiv’s strong relationship with chip manufacturers and involvement in the necessary technology roadmap for solutions as the energy density of server racks increases were catalysts. Vertiv’s orders were up 57% year-over-year in the second quarter, backlog was $7 billion, a record, and 2024 operating profit margin and EPS guidance was raised.”