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This Ohio-Based Company's Stock Is Up Over 850% in the Past 5 Years. Is Now the Best Time to Buy?
Yahoo Financeยท 2025-10-26 21:46
Group 1 - The stock performance of Ohio companies has been mixed, with Procter & Gamble down nearly 10% and Goodyear down over 20%, while Vertiv Holdings has seen a stock increase of more than 50% this year and over 850% in the last five years [1] - Vertiv, headquartered in Columbus, specializes in designing, manufacturing, and servicing digital infrastructure for data centers, communication networks, and industrial facilities, employing around 31,000 people across 40 countries [2] - The primary customers of Vertiv are "hyperscalers," which are large companies that operate extensive data center networks and provide cloud computing services, including major players like Amazon Web Services, Oracle, and Microsoft Azure [3] Group 2 - The demand for data centers is increasing due to hyperscalers focusing on artificial intelligence, which requires significant data and computing power, necessitating specialized power supply and cooling systems [4] - Vertiv has established itself as a key partner in the data center industry, collaborating with major companies to develop advanced data center technology [6] - A significant partnership with Nvidia allows Vertiv to redesign data center power architecture, enhancing efficiency and computing power for next-generation server infrastructure [7][8]