Vertiv shares rose more than 7% in early Wednesday trading, gaining $15.43 to $218.98 and lifting the company's market value to about $84.3 billion after a record 11-session losing streak. The rally followed strong results from SpaceX, which reported third-quarter revenue of $14.58 billion and said its AI cloud business grew about ninefold, and from Super Micro Computer, which forecast fiscal first-quarter revenue of $18.5 billion to $19.5 billion. SpaceX also expects to spend $35 billion to $40 billion on capital projects in the fourth quarter, mostly for AI computing infrastructure. Vertiv reports third-quarter results on Oct. 28, forecasting adjusted earnings of $1.77 to $1.83 per share, while analysts expect $1.82 per share on revenue of about $3.75 billion. The company's backlog reached $15 billion at the end of 2025, more than double the year before.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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