Top 10 AI Stocks on Wall Street’s Radar

5. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 91

Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. On January 6^th, Morgan Stanley initiated Vertiv Holdings at “Overweight” with a $150 price target. According to the firm, the shares of the data infrastructure company are too attractive to ignore. The rating initiation highlighted the company’s potential for earnings per share (EPS) growth, particularly in a challenging industrial sector.

Moreover, its acquisition of assets from BiXin Energy Technology, enabling Vertiv to increase its chiller product offerings and support its portfolio of critical technologies and solutions designed to support high-performance compute and AI applications, specifies strategic expansion. The firm’s analysis suggested that the company’s growth has lagged behind overall data center spending in recent years which is an opportunity for the company to close the gap. As such, the market underestimates the essential nature of Vertiv’s products considering that power and thermal solutions are vital for data centers that Vertiv provides.