On June 15, Vertiv Holdings rose 3.36% overnight, trading at $312.99/share, with turnover of $1.1251 million.

On the news front, the company announced the completion of its acquisition of ThermoKey, expanding its thermal management product line and manufacturing capacity across Europe, the Middle East, and Africa, further strengthening its position in the AI data center cooling segment. ThermoKey's facility in Rivarotta, Italy, will continue to serve as Vertiv's core manufacturing and engineering support hub in Europe.

Additionally, BNP Paribas recently issued a research note expressing optimism on the AI liquid cooling sector, noting that NVIDIA's upcoming Rubin AI platform could serve as a new catalyst for thermal management suppliers. The bank identified Vertiv as one of the most promising beneficiaries due to its involvement across multiple layers of AI infrastructure.

The stock had previously declined over 25% from its $377.77 historical high amid concerns that elevated interest rates could slow debt-driven AI infrastructure buildouts. The acquisition closing combined with institutional bullish signals provided momentum for the current rebound.

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