On June 11, Vertiv Holdings rose 3.03% in pre-market trading, trading at 290.75 USD/share, with trading volume of 1.0256 million USD.
On the news front, BNP Paribas released a research report expressing optimism on the AI liquid cooling sector, noting that NVIDIA's upcoming Rubin AI platform will serve as a new catalyst for thermal management suppliers. The bank identified Vertiv and Eaton as the most promising beneficiaries, given their involvement across multiple layers of AI infrastructure rather than reliance on a single cooling technology or component category.
The stock had previously suffered consecutive declines driven by concerns that elevated interest rates could slow debt-financed AI infrastructure buildouts, with the broader data center supply chain under broad-based selling pressure. Vertiv's share price had retreated over 25% from its $377.77 all-time high. Multiple institutions including Citi, RBC, and Oppenheimer had previously issued bullish calls, with Citi raising its target to $414, emphasizing long-term AI data center growth. The institutional buy signal now resonates with the prior oversold condition, forming the momentum behind this rebound.
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