Vertiv
Coverage of Vertiv in the Nexus archive.
- Vertiv beat earnings expectations and raised its outlook — but the stock sank
Vertiv's second-quarter sales of $3.27 billion fell below analyst expectations despite adjusted earnings exceeding estimates, leading to a stock price decline. The company raised its outlook even as sales performance disappointed.
- Meet the ‘AI Centurions’—6 formerly sleepy stocks that now have market caps over $100 billion
Six previously underperforming companies, including GE Vernova, Seagate Technology, and Vertiv, have surged to over $100 billion market caps due to the AI-driven demand for data center infrastructure and related technologies. Their valuations skyrocketed as AI expansion boosted sales of storage, cooling, and power solutions, with GE Vernova reaching $288 billion by July 21.
- Data center firm Vertiv will expand its Reynosa plant, investing US $150M
Vertiv, a data center infrastructure company, will invest $150 million to expand its Reynosa facility in Tamaulipas, Mexico, creating over 1,000 jobs and boosting the region as a hub for advanced manufacturing. The expansion focuses on manufacturing critical infrastructure for data centers and AI, driven by global demand, with support from local government and coordination with relevant agencies.