Vertiv Acquires AI software Firm Waylay to Enhance Digital Infrastructure

Vertiv Holdings Co. (NYSE:VRT) is one of the best growth stocks to buy for the next 2 years. On August 26, Vertiv Holdings Co. announced the acquisition of Waylay NV. Waylay was founded in 2014 and is based in Belgium. It is a leader in hyperautomation and GenAI software platforms. The acquisition is part of Vertiv’s strategy to invest in AI-driven monitoring and control technologies for its power and cooling systems to help customers increase uptime and optimize energy usage.

Vertiv Acquires AI software Firm Waylay to Enhance Digital Infrastructure

The integration of Waylay’s technology is expected to strengthen Vertiv’s ability to provide intelligent, adaptive infrastructure for high-density, high-performance computing environments, which are essential for the growing demand from AI workloads. Waylay’s software can analyze real-time machine data, identify operational trends, and suggest predictive actions to minimize downtime and improve system performance.

According to Vertiv’s CEO, Giordano Albertazzi, this acquisition will accelerate the company’s vision of intelligent infrastructure that is “data-driven, proactive, and optimized for the world’s most demanding environments.”

Vertiv Holdings Co. (NYSE:VRT) designs, manufactures, and services critical digital infrastructure technologies & life cycle services for data centers, communication networks, and commercial & industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

While we acknowledge the potential of VRT to grow, our conviction lies in the belief that some 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.

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.