VRT - Vertiv Holdings: Take Profits Ahead Of Q1 Earnings
2024-04-02 08:02:20 ET
Summary
- Shares of Vertiv Holdings have skyrocketed due to the investor euphoria linked to artificial intelligence (AI), and are up nearly 500% over the last 52 weeks.
- Vertiv offers cutting-edge data center infrastructure products, which are well-suited to the heavy computing workloads required by AI platforms.
- Vertiv may ultimately be a winner in the AI niche, but based on the company’s disappointing earnings outlook for 2024, the current valuation looks overextended.
Vertiv Holdings (VRT) looks well-positioned to capitalize on the emerging AI revolution. But after a subpar Q4 2023 earnings report, the company still has a lot to prove heading into Q1 earnings....
Vertiv Holdings: Take Profits Ahead Of Q1 Earnings