On June 17, Vertiv Holdings rose 3.12% in regular trading, trading at $309.28/share, with turnover of $144 million. The rebound was fueled by the completion of the ThermoKey acquisition and institutional endorsement of the AI liquid cooling sector.

Vertiv recently announced the completion of its acquisition of ThermoKey, expanding its thermal management product portfolio and manufacturing capacity across Europe, the Middle East, and Africa. ThermoKey's facility in Rivarotta, Italy, will serve as a core manufacturing and engineering hub for Vertiv in Europe. Additionally, BNP Paribas issued a research report highlighting the promising outlook for AI liquid cooling, noting that NVIDIA's upcoming Rubin AI platform will act as a fresh catalyst for cooling suppliers. BNP Paribas identified Vertiv as one of the most promising beneficiaries given its involvement across multiple layers of the AI infrastructure stack.

The stock had previously retreated approximately 20% from its $377.77 all-time high amid concerns that elevated interest rates could slow debt-financed AI infrastructure buildout. Within the Electrical Components & Equipment sector, Eaton Corp rose 1.85% and Emerson gained 2.36%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)