Could This Nvidia Partner Be a Hidden Gem That Boosts Your Portfolio?

It's been a while since data center equipment company Vertiv's (NYSE: VRT) stock looked like a great value, but that time has come around again. The ongoing demand for artificial intelligence (AI) applications creates unprecedented data growth, which only means more investment in data centers.The good news is that the broad-based sell-off in the Nasdaq Composite (NASDAQINDEX: ^IXIC) and some near-term negative news have brought stocks like Vertiv back into value range, and now could be a great time to buy the stock on a dip.Nvidia partner Vertiv has a critical role in the data centers that power AI. The company designs, manufactures, installs, and services critical digital infrastructure. Its costumers include data centers selling into hyperscalers like Microsoft's Azure and Alphabet's Google Cloud, colocation providers like Equinix and Digital Realty, and large enterprises with their own data centers. Vertiv also sells to communications companies and various commercial and industrial customers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool