Here's Why Data Center Equipment Company and Nvidia Partner Vertiv Soared This Week
Shares in data center equipment company and Nvidia partner Vertiv Holdings (NYSE: VRT) rose by 12% in the week ending Friday morning. The move was prompted by positive newsflow for the artificial intelligence (AI)/data center sector. Here's the lowdown.The news of an easing, albeit temporary, of tariffs between the U.S. and China is a positive for trade relations between the two countries and a plus for global growth prospects. It helps encourage spending on data centers and eases the cost pressure on companies with operations in China or those that source products directly from China.Vertiv benefits from both developments. If data center spending slows in response to an uncertain economic outlook created by tariffs, then Vertiv's order growth could slow.Continue reading
Shares in data center equipment company and Nvidia partner Vertiv Holdings (NYSE: VRT) rose by 12% in the week ending Friday morning. The move was prompted by positive newsflow for the artificial intelligence (AI)/data center sector. Here's the lowdown.
The news of an easing, albeit temporary, of tariffs between the U.S. and China is a positive for trade relations between the two countries and a plus for global growth prospects. It helps encourage spending on data centers and eases the cost pressure on companies with operations in China or those that source products directly from China.
Vertiv benefits from both developments. If data center spending slows in response to an uncertain economic outlook created by tariffs, then Vertiv's order growth could slow.
