10 Must-Watch AI Stocks on Wall Street

7. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 90

Vertiv Holdings Co (NYSE:VRT) is one of the 10 Must-Watch AI Stocks on Wall Street. On July 11, UBS analyst Amit Mehrotra reiterated a “Buy” rating on the stock with a $135.00 price target.

The firm noted that Vertiv shares dropped on Thursday after Amazon Web Services announced that they have launched a liquid cooling system for data centers. Even though liquid cooling systems are a small part of Vertiv, the analysts noted how they represent a disproportionate share of growth. This is why the stock underperformance is understandable.

The firm, however, maintains that these fears are misguided. Firm checks reveal that Amazon does not seem to be competing with Vertiv’s liquid cooling offering. This is because such competition would require manufacturing several components like coolant distribution units, radiators, manifolds, pumps, and more. The stock reaction is a mere reflection of how sensitive investors are to competitive threats in the data center cooling space.

Vertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities.