Here's Why This Nvidia Partner's Stock Soared in July

Shares in data center equipment company and Nvidia partner Vertiv Holdings (NYSE: VRT) rose by 13.4% in July, according to data provided by S&P Global Market Intelligence. The move comes in a month when the company released an excellent set of second-quarter earnings, raised full-year guidance across the board, and confirmed that the artificial intelligence (AI)/data center capital spending market has a long pathway of growth ahead.Earlier in the year, the market had, understandably, been concerned that the data center infrastructure stocks had gotten ahead of events. A combination of trade tariff uncertainty, power generation concerns, the regulatory environment in Europe, and the usual concerns over a hot market overheating led to the sell-off in the stock.Despite the rise since then, the concerns still linger, not least as companies like Nvidia face controls on what technology they can sell to China. Fast-forward to the latest results from Vertiv, and it's clear that there's no sign of any slowdown in the market. Vertiv's trailing-12-month orders rose 11% compared to the same period a year ago. Moreover, its European orders pipeline (the company's weak spot in the fourth quarter of 2024) is growing sequentially, "providing optimism for 2026 and beyond," according to CEO Giordano Albertazzi on the earnings call. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool