Jim Cramer on Vertiv Holdings (VRT): “I Want to Own the Stock”

We recently published a list of Jim Cramer Talked About These 13 Stocks. In this article, we are going to take a look at where Vertiv Holdings Co (NYSE:VRT) stands against other stocks that Jim Cramer discusses.

A caller asked if they should buy more, hold, or sell Vertiv Holdings Co (NYSE:VRT). Cramer replied:

“Oh, I like Vertiv. I like Vertiv now. It’s, it’s bounced well off the bottom, but it’s got Dave Cote as the chairman, and we have Mr. Albertazzi as the CEO. Here’s what you need to know about this, this company has incredible demand, and therefore, it’s just, if I see that kind of demand and they have good gross margins, I want to own the stock.”

Jim Cramer on Vertiv Holdings (VRT): “I Want to Own the Stock”

A close-up of a group of technicians working on complex data center systems.

Vertiv Holdings (NYSE:VRT) provides support for digital infrastructure by managing lifecycle services for data centers, communication networks, and a range of commercial or industrial systems. Hardman Johnston Global Equity Strategy stated the following regarding the company in its Q4 2024 investor letter:

“From a sector standpoint, the main drivers of the portfolio’s outperformance during the fourth quarter were Industrials and Materials. Within Industrials, Howmet Aerospace, Inc. and Vertiv Holdings Co (NYSE:VRT) were the largest contributors to outperformance. Vertiv has been a stellar performer for the past year and beyond. The global leader in data center thermal and electrical equipment continued to execute on its record backlog, with strong order flow largely related to AI-driven data center demand. Data center operators and hyperscalers are partnering with the company to develop next generation designs to optimize power and thermal efficiency. Vertiv’s global service network is uniquely positioned to help clients design and maintain these important data centers.”

Overall, VRT ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of VRT as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRT and that has 100x upside potential, check out our report about this cheapest AI stock.

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