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Jim Cramer on Vertiv: “Could Be a Monster Quarter”

Vertiv Holdings Co (NYSE:VRT) is one of the stocks in focus on Jim Cramer’s game plan. Cramer showed neutrality regarding the stock’s price action after its upcoming earnings, as he said:

Wednesday, we have some possible blowouts. Let’s start with Vertiv, which makes power and cooling equipment for the data center. Could be a monster quarter, but will anyone care? Depends on the mood of the day, I guess.

Vertiv Holdings Co (NYSE:VRT) designs, manufactures, and manages power and cooling systems for data centers and digital networks. The company also provides services to keep these systems running smoothly and efficiently. During the January 20 episode, a caller asked if NVIDIA’s newer chips would affect the company. Cramer replied:

No, my understanding is you’re still going to need Vertiv. You’re still going to need Vertiv, which has the Liebert… system that I don’t think they’re going to stay away… Vertiv is going to still be used… and we also think that Eaton’s going to be used. These are all part of this process of getting electricity… and cooling them. So I’m not backing away from any of those. However, understand… this market does not like the data center at this very moment, and all those I just mentioned are data center plays.

While we acknowledge the risk and potential of VRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than VRT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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.

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