Vertiv Holdings Co (VRT) Shares Add 11% After Jim Cramer Recommended The Stock

We recently published Jim Cramer’s 20 Bold AI Predictions – See How They Played Out! Vertiv Holdings Co (NYSE:VRT) is one of the stocks Jim Cramer recently discussed.

Vertiv Holdings Co is a data center equipment provider that provides power management, thermal management, project consulting, and other associated products and services. Its product portfolio makes the firm a key player in the AI industry, which depends on data center construction. Since Cramer’s comments, Vertiv Holdings Co’s shares have gained 11.1% after surviving a massive 29.9% crash during January’s DeepSeek selloff. The stock then dipped by 6% in July after Amazon launched a cooling competitor, which could potentially reduce the demand for the firm’s products. Cramer remains one of Vertiv Holdings Co’s strongest proponents. Here is what he said in October 2024:

“Data centers remain one of the hottest themes in the market, and if you’re looking for pure-play, go with Vertiv, which makes electrical equipment for these warehouses full of servers. Now that said, this stock is so red hot that it might not be able to rally on earnings unless it raises its forecast to unfathomable levels. Then again, Vertiv’s business is so strong, it’s so strong that unfathomable might be fathomable.”

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This article is originally published at Insider Monkey.