Jim Cramer Touts Vertiv as Top AI Boom Stock Pick

Jim Cramer has singled out Vertiv Holdings as a leading performer poised to benefit from the thriving AI industry. Vertiv's strong financial growth and collaboration with Intel on liquid-cooled solutions for AI accelerators highlight its strategic position in the rapidly evolving data center landscape.

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Dil Bar Irshad
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Jim Cramer Touts Vertiv as Top AI Boom Stock Pick

Jim Cramer Touts Vertiv as Top AI Boom Stock Pick

Jim Cramer, the well-known host of CNBC's Mad Money, has singled out Vertiv Holdings Co. (VRT) as a leading performer well-positioned to benefit from the thriving artificial intelligence (AI) industry. Vertiv, a global provider of critical digital infrastructure and continuity solutions, including data center equipment, has seen impressive financial growth in recent years.

In 2023, Vertiv's revenue surged by 20.59% to reach $6.86 billion, while its earnings skyrocketed by an astonishing 500.78% to $460.20 million. "The average rating for VRT stock is 'Strong Buy,'" according to a consensus of 11 analysts. They forecast a 12-month stock price of $73.6, representing a 12.97% decrease from the latest price.

Vertiv's stock rallied in premarket trading on Wednesday after the company's revenue and adjusted profit exceeded Wall Street analysts' expectations. The strong financial performance highlights Vertiv's position as a key player in the rapidly changing data center landscape, influenced by the transformative forces of AI and high-performance computing.

Why this matters: The endorsement from Jim Cramer emphasizes the growing importance of companies like Vertiv in the AI revolution. As AI continues to reshape industries and drive demand for advanced data center solutions, Vertiv is well-positioned to capitalize on this trend and deliver value to investors.

Vertiv's collaboration with Intel on a liquid-cooled solution for the Intel® GAUDI®3 AI Accelerator Platform further solidifies its commitment to innovation in the AI space. "AI and high-performance computing continue to disrupt the data center landscape," making Vertiv's expertise and solutions increasingly critical for businesses looking to stay ahead of the curve.

Key Takeaways

  • Jim Cramer singles out Vertiv (VRT) as a top performer in the AI industry.
  • Vertiv's 2023 revenue surged 20.59% to $6.86B, earnings up 500.78% to $460.2M.
  • Analysts rate VRT stock "Strong Buy" with a 12-month target of $73.6.
  • Vertiv's collaboration with Intel on liquid-cooled AI solutions solidifies its AI expertise.
  • Vertiv benefits from the AI revolution's impact on the data center landscape.