Data Center Stock Soars on Beat-and-Raise
Vertiv Holdings Co (NYSE:VRT) stock was last seen up 16.4% to trade at $83.60, after the data center infrastructure company reported better-than-expected first-quarter earnings and revenue and raised its full-year sales guidance. Vertiv, which is partnered with Nvidia (NVDA), cited strong demand for the buildout of data centers to power artificial intelligence (AI). Today's bull gap has VRT trading at its highest level since late March. Longer term, the equity is still 48% off its January 24 record high of ...