Prediction: This Underrated AI Infrastructure Stock Will Continue Soaring Despite Doubling in a Year
Vertiv is a key AI infrastructure provider, which explains why the company is projected to clock healthy earnings growth over the long run.
Overview
Vertiv Holdings (NYSE:VRT) may not be a household name in the artificial intelligence (AI) infrastructure ecosystem. However, the company's shares have jumped by an impressive 109% over the past year.
Vertiv is a key player in the AI infrastructure space, as it builds, sells, and services critical equipment for power and thermal management that ensures the smooth operation of data centers. However, the recent stock price action suggests investors have been booking profits in this AI stock.
Details
Shares of Vertiv have pulled back 30% from the 52-week high seen in mid-May. The slide in Vertiv stock suggests that investors may be losing confidence in the company's ability to deliver more upside. However, selling Vertiv stock doesn't seem like a smart move. After all, the company remains well-positioned to capitalize on booming AI data center investments thanks to the key components it sells.
Source
Originally published at www.fool.com.