Why Shares of Data Center Equipment Company Vertiv Soared in May
Shares of Nvidia partner and data center equipment company Vertiv Holdings (NYSE: VRT), surged by 26.2% in May, according to data from S&P Global Market Intelligence. The startling increase occurred as the market's fears of a slowdown in the artificial intelligence/data center market proved unfounded, and numerous anecdotal and factual data points helped support the idea of an extended uptrend in capital spending on data center equipment.Here's the lowdown.Image source: Getty Images.Continue reading
Shares of Nvidia partner and data center equipment company Vertiv Holdings (NYSE: VRT), surged by 26.2% in May, according to data from S&P Global Market Intelligence. The startling increase occurred as the market's fears of a slowdown in the artificial intelligence/data center market proved unfounded, and numerous anecdotal and factual data points helped support the idea of an extended uptrend in capital spending on data center equipment.
Here's the lowdown.
Image source: Getty Images.
