2 Dividend Stocks to Buy for AI Exposure: VRT and DLR
VertivVertiv(US:VRT) ZACKS·2024-06-05 21:01

Group 1: Artificial Intelligence and Market Trends - Artificial intelligence (AI) is a major focus on Wall Street, with companies actively discussing its implications and opportunities [1] - The AI boom is expected to continue influencing market dynamics, driving stocks higher due to anticipated productivity gains and operational efficiencies [12] Group 2: Vertiv (VRT) Overview - Vertiv is projected to achieve nearly 40% year-over-year earnings growth in the current year, supported by strong quarterly results [2][3] - The company has a record backlog of $6.3 billion, indicating robust demand for its services [4] - Vertiv has raised its net sales guidance for the fiscal year to a range of $7.450 – $7.690 million, reflecting a $30 million increase [4] Group 3: Digital Realty Trust (DLR) Overview - Digital Realty Trust has seen its stock price increase by 44% over the past year, outperforming the S&P 500's 25% gain [6][7] - The company operates over 300 data centers in more than 25 countries, providing a strong market presence [7] - Digital Realty offers a solid annual dividend yield of 3.3%, significantly above the Zacks Finance sector average of 2.2%, with a 3% five-year annualized dividend growth rate [8]