The company reported increased revenue, profit, and customer orders as the AI boom accelerates its prospects.
*Stock prices used were the afternoon prices of Oct. 24, 2024. The video was published on Oct. 25, 2024.
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Vertiv Stock Analysis: Is This an Artificial Intelligence (AI) Stock to Buy Right Now?
By Parkev Tatevosian, CFA
–
Oct 28, 2024 at 9:02AM
NYSE: VRT
Vertiv
Market Cap
$43B
Today's Change
(-2.19%) -$2.55
Current Price
$113.61
Price as of December 31, 2024, 4:00 p.m. ET
Vertiv reported increased ordering activity as it benefits from the rising demand for artificial intelligence.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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