VRT Stock Pops. Vertiv Is the Next Big AI Winner.

Vertiv (NYSE:VRT) stock is in the rise today as investors celebrate the artificial intelligence (AI) boom helping out the data center cooling company’s business.The increase in demand for its data center cooling products resulted in a 60% increase year-over-year in orders during the company’s first quarter of 2024. That resulted in net sales climbing 8% higher to $1.64 billion. This beats out Wall Street’s estimate of $1.62 billion.Giordano Albertazzi, CEO of Vertiv, provided the following insight on the co ...