Core Thesis - Vertiv Holdings Co is positioned as a key beneficiary of the AI infrastructure supercycle, providing essential power and thermal solutions for modern data centers [1][5] Financial Performance - In Q3 2025, Vertiv experienced a 60% year-over-year increase in organic orders, 29% growth in net sales, and a 63% rise in adjusted EPS, with a backlog of $9.5 billion [2] - Adjusted operating profit margins reached 22.3%, indicating improved operating leverage and procurement productivity [2] Strategic Initiatives - Collaboration with NVIDIA to develop 800 VDC platforms and advanced liquid-cooling systems enhances Vertiv's competitive edge by providing validated architectures that mitigate deployment risks [2][3] - The company’s extensive field-service network, software, digital twins, and AI reference architectures contribute to recurring revenue streams and cross-selling opportunities [3] Growth Potential - Bolt-on acquisitions, such as Great Lakes Data Racks & Cabinets and PurgeRite, enhance Vertiv's thermal and power capabilities, reflecting strategic optionality and confidence in sustained AI demand [3] - Strong cash flow, high operating discipline, and multiple growth catalysts, including new product releases and expanded service capacity, present a compelling investment opportunity [4] Market Context - Despite concerns regarding hyperscaler capex cyclicality and potential competition, the long-term demand driven by AI infrastructure growth is supported by independent research and record data-center spending projections [3]

Core Insights - Marvell Technology is a mid-tier player in the digital infrastructure industry with a market cap of $72 billion and revenue of $5.77 billion in fiscal year 2025 [3] - The company specializes in high-quality custom XPUs, CPUs, and DPUs, essential for AI and cloud-computing data centers, along with Ethernet and data center switches [2][3] - Marvell's recent quarterly results for fiscal 2Q26 showed revenues of $2 billion, a 57.5% year-over-year increase, although it slightly missed forecasts by $10 million [8] Company Overview - Marvell produces network and connectivity solutions that support enterprise mobility and cloud computing, promoting a 'borderless campus' concept [1] - The company provides hardware for connecting 5G radio access networks to the cloud, integrating networking and computing technologies [7] - Marvell's solutions are critical for building the infrastructure necessary for AI advancements [7] Financial Performance - In fiscal 2Q26, Marvell reported a non-GAAP EPS of 67 cents, aligning with forecasts [8] - The company is expected to benefit from positive trends in AI and cloud computing, with analysts expressing confidence in its growth prospects for 2026 [9] Analyst Insights - Analysts from JPMorgan have a bullish outlook on Marvell, citing strong commentary from major clients like Amazon and positive earnings guidance from related sectors [9] - The stock has an Overweight rating with a price target of $120, suggesting a potential 44% upside over the next year [9] - The consensus rating for Marvell is a Moderate Buy, based on 32 reviews, with an average price target of $93.23 indicating a 12% upside from current levels [10]