The rise of artificial intelligence (AI) is creating massive demand for new data centers, and with it demand for the companies serving the data centers.
Vertiv (NYSE: VRT), one such company, easily beat quarterly expectations and its stock is up 10% as of noon ET as a result.
Vertiv makes power management and cooling systems for data centers and communications hubs. Heat is a massive issue inside data centers and inadequate cooling can limit how fast the centers can grow.
Source Fool.com