Top 8 AI News Updates Investors Shouldn’t Miss

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1. Vertiv Holdings Co. (NYSE:VRT)

Number of Hedge Fund Followers: 92

Vertiv Holdings Co. (NYSE:VRT) designs and develops hardware, software, and analytics solutions related to power management, thermal systems, and lifecycle services for data centers, communication networks, and industrial environments. The company’s AI-ready power, cooling, and IT infrastructure offerings are designed to run AI workloads even during outages regardless of the cluster size, minimizing dependency on utility providers.

On March 18th, Verti Holdings Co. (NYSE:VRT) announced the launch of Vertiv Unify software, Vertiv SmartRun, Vertiv CoolLoop RDHx, and the Vertiv PowerDirect Rack software related to infrastructure and thermal management, prefabricated modular deployment, and DC power distribution. These software are expected to match the increasing power and heat density and operational demand of AI.

“With these additions to our portfolio, Vertiv provides easier end-to-end systems integration, faster deployment, improved scalability, and greater power and cooling density to address critical digital infrastructure challenges related to accelerated computing. Our comprehensive range of advanced power, cooling, management, and deployment solutions positions Vertiv to uniquely support customers as they build and scale AI-driven data centers.”

-said Scott Armul, executive vice president for global portfolio and business units at Vertiv Holdings Co.

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 time frame. 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 Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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