This 'Strong Buy' Data Center Stock Just Won Over Another Wall St. Analyst

Data centers are a booming business in 2024, as hyperscalers rush to support the soaring infrastructure demands of artificial intelligence (AI) and cloud computing. From REITs to utility stocks, it seems nearly every industry is engaged in the data center supply chain - but one company that's right at the core of the megatrend is Vertiv Holdings (VRT). 

Valued at nearly $40 billion, Vertiv is involved in the designing, manufacturing, and servicing of critical digital infrastructure for data centers, commercial and industrial environments, and communication systems. Its portfolio includes thermal management systems, critical power systems and switches, racks and enclosures, monitoring and management devices, and related services. Headquartered in Columbus, Ohio, Vertiv operates in the U.S. and internationally.