Top 10 AI News Updates You Should Not Miss

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1. Vertiv Holdings Co. (NYSE:VRT)

Number of Hedge Fund Holders: 91

Vertiv Holdings Co. (NYSE:VRT) offers hardware, software, and analytics services to solve the challenges of data centers, communication networks, and industrial facilities. Its AI-ready power, cooling, and IT infrastructure offerings, such as battery-energy storage systems and rack power distribution units, are designed to match demanding AI workloads even during outages, reducing dependency on utility providers. Vertiv Holdings Co.(NYSE:VRT) also partnered with Nvidia (NASDAQ:NVDA) and Intel Corp. (NASDAQ:INTC) to develop new-age AI cooling solutions to keep AI systems running regardless of the cluster size.

On January 17th, Evercore ISI reduced Vertiv Holdings Co.’s (NYSE:VRT) stock price target to $145 from $150 while retaining an “Outperform” rating. The brokerage is constructive on companies linked to the broader enterprise IT and AI-related infrastructure spending and thinks the setup for calendar Q4 “remains favorable”, with expectations for in-line or modest beats. However, analysts see a chance of companies taking “a more prudent and cautious stance” for calendar 2025 guidance, given ongoing uncertainty on the public spending side.

While we acknowledge the potential of Vertiv Holdings Co. (NYSE:VRT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than VRT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stock To Buy Now and Complete List of All AI Companies Under $2 Billion Market Cap.

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