Jim Cramer on Vertiv: “I Do Not Think It’s Over”

Vertiv Holdings Co (NYSE:VRT) was among the stocks on which Jim Cramer commented, as he emphasized that SpaceX investors are betting on Elon Musk rather than the company’s earnings. When a caller inquired about the stock, Cramer commented:

Now, Vertiv, we heard Dave Cote speak about it last week. Now, Dave is chairman, and I can tell you that he tells a very positive story about a huge number of orders. The stock has had a bit of a setback here; it’s come down. I have a belief that many stocks look just like it and that they are going to come back. I do not think it’s over. I just think that a lot of companies like Vertiv have seen their stock go down as people sell Vertiv in order to be able to have enough money to buy the king of the data center, which also happens to be SpaceX.

Photo by Jason Briscoe on Unsplash

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.

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