Vertiv Holdings Stock, 25% Off Highs, Is Now Riding Nvidia's AI Wave
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Vertiv Holdings Co (VRT) is currently trading 25% below its peak but has gained momentum following a collaboration with Nvidia Corp (NVDA) to enhance AI data center infrastructure. The partnership includes supplying energy-efficient cooling and power systems, aligning Vertiv with the booming AI sector. Citi has raised its price target for VRT to $130, indicating an 11% upside from its current price of $117. Technical indicators show bullish trends, and analysts predict long-term earnings growth in the mid-20% range, suggesting a positive outlook for the company.
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