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Stock impact report

Forget Nvidia: Here's 1 Other Data Center Stock to Buy Instead [Yahoo! Finance]

Vertiv Holdings, LLC Class A (VRT) 
Company Research Source: Yahoo! Finance
competing platforms have taken the world by storm, and the momentum doesn't appear to be slowing down. Like all emerging growth trends, there are loads of opportunities to invest in artificial intelligence (AI). One of the bigger areas in the AI realm is data centers. While Nvidia Advanced Micro Devices Intel and other leading chip companies fuel demand for data center services, there's another opportunity that's caught my attention. Vertiv Holdings (NYSE: VRT) is an emerging player developing infrastructure for data centers. Let's dive into how Vertiv is benefiting from the AI boom and assess if now is a good opportunity to scoop up some shares. A $438 billion opportunity According to Statista, the total addressable market for data centers will be $438 billion by 2028. This forecast includes several aspects related to data centers, including IT architecture solutions such as storage clusters and server racks, as well as network infrastructure. One of the biggest factors imp Show less Read more
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