Vertiv Holdings Co is trading at $318.50 (+4.9%) as investors continue to bid up AI data center infrastructure providers following the company's strategic expansion in thermal management.
- The move follows the June 12 announcement that Vertiv completed its acquisition of ThermoKey, a move designed to increase cooling capacity for AI-focused data centers.
- Shares are also benefiting from a broader risk-on rally in U.S. futures, supported by easing geopolitical risks and a decline in energy prices.