Vertiv Holdings Co, a US-based company serving various industries worldwide, has announced a deal with AI leader NVIDIA.
The deal has led to a significant surge in the company’s stock price, with analysts upgrading their price target for the company. Citi has raised its target to $130, citing growth in AI data center demand.
Key highlights of the deal include:
- Analysts’ price target upgrade by Citi to $130
- Projected growth in AI data center demand
- Expected benefits for the company’s expertise in data center equipment and infrastructure
The company’s stock price has experienced a notable increase, with reports suggesting a 5% spike. This development is attributed to the growing demand for next-generation data centers, which the company’s expertise is well-positioned to support.