Vertiv Holdings (NYSE:VRT) is among the must-buy non-tech stocks to invest in now. On March 25, HSBC initiated coverage on Vertiv Holdings (NYSE:VRT) stock with a Buy rating and set a price target of $325. The equity research firm pointed to Vertiv’s leading position as a critical infrastructure provider for data centers, noting that the company is an enabler of AI growth.
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The data center segment accounts for around 80% of the company’s revenue. According to HSBC analyst Wesley Brooks, Vertiv has an attractive long-term growth outlook in the data center sector amid AI-driven expansions. HSBC predicts Vertiv a 36% compound annual growth rate for Vertiv’s EPS in the 2026-28 period.
On March 23, Vertiv Holdings (NYSE:VRT) announced that it had struck a deal to acquire ThermoKey S.p.A., an Italian company that provides heat rejection and heat-exchange technologies. It expects this deal to close in Q2 2026.
ThermoKey was founded in 1991 and has forged deep ties with original equipment manufacturers as well as system integrators. It’s recognized for its differentiated engineering capabilities, customer collaboration, and application expertise. ThermoKey has an in-house design and production capability along with a portfolio of heat exchangers and cooling systems.
Vertiv said the acquisition of ThermoKey was part of its ongoing investment in advanced cooling solutions for AI data centers. Consequently, Vertiv expects this acquisition to expand its thermal management portfolio and bolster its ability to offer customers complete thermal solutions for high-density data centers and AI factories.
Vertiv Holdings (NYSE:VRT) is an American multinational provider of infrastructure solutions. Its solutions are used in data centers, communication networks, and commercial and industrial facilities. Its portfolio includes power, cooling, and IT infrastructure and services. Vertiv Holdings operates under various brands and has footprints in more than 130 countries.
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.
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