From Nasdaq: 2024-05-24 11:23:00

Vertiv has launched the AI Hub platform to address the growing knowledge gap in managing AI applications in data centers. The platform offers expert information, reference designs, and resources for developing AI-ready infrastructure, focusing on power and cooling solutions for both retrofit and new applications. Vertiv is committed to regularly updating the AI Hub with new content, including an AI Infrastructure certification program for partners.

The company is expanding its portfolio of cooling solutions for AI and high-performance computing, recently acquiring CoolTera Ltd. to enhance its data center liquid cooling offerings. Vertiv is experiencing growth in Cloud and Hyperscale sectors, with increasing momentum in the Enterprise sector as customers adopt AI strategies. The backlog for AI orders is steadily growing, and the company expects its supply chains to normalize, boosting business prospects.

Vertiv’s stock has risen significantly, up 523.4% over the past year, earning it a Zacks Rank #2 (Buy). For those seeking other technology sector stocks, AppFolio, Arista Networks, and Alphabet are top-ranked with Zacks Rank #1 (Strong Buy). Analysts have revised upward earnings estimates for these companies, with significant stock price increases over the past year.

As the U.S. presidential election approaches, a Special Report from Zacks offers insights into stocks poised for growth under either administration. Highlighting companies in various sectors like medical manufacturing, rental services, energy, aerospace, defense, and chip manufacturing, the report provides opportunities for investors regardless of the election outcome. Download the free report now for potential investment opportunities.



Read more at Nasdaq: Vertiv’s (VRT) AI Hub Platform to Share AI-Cooling Expertise