Vertiv shares jumped 16.48% on Wednesday after its leadership offered bullish comments on the AI market. Third-quarter net sales rose 61% year over year to $4.3 billion, with the Americas, Asia-Pacific and EMEA segments up 75%, 50% and 23%, respectively, as its power and cooling products are increasingly used in AI data centers. Despite concerns that rising debt and higher interest rates could slow construction, CEO Giordano Albertazzi said the infrastructure build-out is accelerating. Adjusted earnings rose 78% to $2.21 per share, above Wall Street's projection of $1.82, while operating and free cash flow climbed 64% and 50% to $794 million and $652 million. Management now expects full-year adjusted earnings to rise 70% to $7.15 per share.
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VRTartificial intelligencedata centersearningsinterest rates
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NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/28/2026 | 215.39 |
| Change that session | -1.17% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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