I Think of Vertiv (VRT) When I Think of Data Centers, Says Jim Cramer

We recently published 16 Latest Stocks on Jim Cramer’s Radar. Vertiv Holdings Co (NYSE:VRT) is one of the stocks Jim Cramer’s radar.

Vertiv Holdings Co (NYSE:VRT) is one of Cramer’s top picks in the data center space. Over multiple appearances, he has praised the firm’s air conditioning business and the role it plays in data centers. In this appearance, he interviewed Vertiv Holdings Co (NYSE:VRT) chairman, Dave Cote, and recalled how Cote convinced him about the stock’s potential:

Photo by ThisisEngineering RAEng on Unsplash

“Tech hyperscalers have been the big story this year. Riding alongside the AI boom has been maybe one of the single best companies in order to be able to, I don’t even want to call it play, invest in this. Because it knows how to run the most important part of the data center. And Dave Cote is the chairman of Vertiv, which I think is, when I think of data center, I think of you. Because you were the first one that explained to me, at 16 dollars, that this would, 16 dollars, Dave say, you know Jim have you looked at this Vertiv. I said oh man it’s all the way at 16 dollars, he goes, have you thought about it about the other way, it’s all the way at 16 dollars?”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.