Why Shares in Nvidia Partner Vertiv Dipped in March

Shares in data center equipment company Vertiv Holdings (NYSE: VRT) declined by 24.1% in March, according to data provided by S&P Global Market Intelligence. Given the large slump in the share price on March 26, there's little doubt that Vertiv's stock is being negatively impacted by tariff actions and bans on foreign companies buying U.S. technology. In addition, some analysts downgraded expectations for near-term orders for data center equipment.On March 25, the Department of Commerce banned and restricted 80 "entities" from acquiring artificial intelligence (AI) and advanced computing capability. The main intent is to stop entities like the Chinese Communist Party from acquiring key technology and stop China from developing hypersonic missiles.What does this have to do with Vertiv? The answer is that many of the companies listed buy technology from Nvidia, and Vertiv is an Nvidia partner. As such, Vertiv could also see slowing orders as a result of these actions.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool