Artificial intelligence (AI) data centers are packed with power-hungry GPUs that need massive amounts of electricity, cooling, and infrastructure to keep those advanced chips running. Investors now know how that this demand is creating opportunities for a new class of AI infrastructure winners. One company increasingly catching Wall Street's attention is nVent Electric (NVT), which has often been referred to as “mini” version of Vertiv (VRT).
NVT stock has climbed 68% year-to-date (YTD), compared to VRT stock's gain of 96% so far this year. Let’s take a closer look at why Wall Street rates this “Mini Vertiv” stock as a “Strong Buy” now.