Vertiv Holdings Co (VRT) Expands AI and Cooling Solutions with Acquisition of BiXin Energy Technology Assets

Insider Monkey12-22 17:12

We recently compiled a list of the 10 AI News Dominating Wall Street Today. In this article, we are going to take a look at where Vertiv Holdings Co (NYSE:VRT) stands against the other AI stocks that ...

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According to the report, the North American region leads the Generative AI market with a 34% share in 2023. Its robust technology ecosystem, skilled workforce, and increasing demand for AI-powered content are responsible for the leading market share. The European region has also been experiencing growth, driven by government funding, startup innovation, and region-specific applications.Back in 2022, the generative AI market was dominated by established players only. These established players accounted for 88% of the market share, whereas start-ups grasped only 12%. This is now changing, with more players entering the market with each passing year.For this article, we selec","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","VRT":"Vertiv Holdings LLC","LU0477156797.USD":"HARRIS ASSOCIATES GLOBAL EQUITY \"RE\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","AGI":"Alamos Gold Inc","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","GOOGL":"谷歌A","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","BK4602":"量子计算概念","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0055631609.USD":"贝莱德世界黄金基金A2","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","LU1221951129.SGD":"NORDEA 1 STABLE RETURN \"HM\" (SGDHDG) INC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","LU2063271972.USD":"富兰克林创新领域基金","LU0251142724.SGD":"Fidelity America A-SGD","BSE":"BSE信托","BK4573":"虚拟现实","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0097036916.USD":"贝莱德美国增长A2 USD"},"translate_title":"Vertiv Holdings Co(VRT)通过收购BiXin Energy技术资产扩展人工智能和冷却解决方案","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VRT":1,"AGI":1,"BSE":1,"GOOGL":0.65},"content_text":"We recently compiled a list of the 10 AI News Dominating Wall Street Today. In this article, we are going to take a look at where Vertiv Holdings Co (NYSE:VRT) stands against the other AI stocks that are dominating Wall Street.\nThe Generative AI market, a crucial branch of artificial intelligence, is revolutionizing entire industries today. According to ResearchAndMarkets.com, the Gen-AI market was valued at USD 20.21 billion in 2023 and is expected to reach USD 440 billion by 2032. This signifies an impressive CAGR of 41.31% over the forecast period from 2024 to 2032.\nREAD NOW: 10 AI News Investors Shouldn’t Miss and 12 AI Stock News and Ratings Dominating Wall Street\nAccording to the report, the North American region leads the Generative AI market with a 34% share in 2023. Its robust technology ecosystem, skilled workforce, and increasing demand for AI-powered content are responsible for the leading market share. The European region has also been experiencing growth, driven by government funding, startup innovation, and region-specific applications.\nBack in 2022, the generative AI market was dominated by established players only. These established players accounted for 88% of the market share, whereas start-ups grasped only 12%. This is now changing, with more players entering the market with each passing year.\nHighlighting advancements in artificial intelligence, Sam Altman, CEO of AI Company OpenAI states how the next innovations in AI are going to be more disruptive than people can imagine. Speaking at the New York Times’ DealBook Summit in New York City, he stated that the industry may begin to see examples of artificial general intelligence (AGI), which refers to the hypothetical intelligence of a machine similar to that of a human, as soon as 2025.\n\n“I think it’s possible… in 2025 we will have systems that we look at… and people will say, ‘Wow, that changes what I expected”\n-Sam Altman\n\nAltman noted that at first, the introduction of AGI, and the level of intelligence beyond it, is going to have minimal effect. However, it will later “be more intense than people think”.  In its latest advancements in AI, OpenAI has now begun testing new reasoning AI models, o3 and o3 mini.\nThis demonstrates a sign of growing competition with rivals such as Google to create smarter models proficient at solving complex problems. According to Altman, OpenAI plans to launch the o3 mini by the end of January, and the full o3 after that. The enhanced models aim to outperform existing ones, driving new investments and user growth.\nThe new o3 and o3 mini models are currently undergoing internal safety testing, and are anticipated to be more powerful than the o1 models. OpenAI has ignited a competitive AI arms race, pushing tech companies worldwide to accelerate the development of cutting-edge AI technologies.\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A close-up of a group of technicians working on complex data center systems. \nVertiv Holdings Co (NYSE:VRT)\nNumber of Hedge Fund Holders: 91\nVertiv Holdings Co (NYSE:VRT) is a global provider of digital infrastructure technology and services for data centers, communication networks, and commercial and industrial facilities. On December 20, the company announced that its Chinese subsidiary has acquired certain assets and technologies of BiXin Energy Technology (Suzhou) Co., Ltd (BSE). BiXin Energy Technology (Suzhou) Co., Ltd (BSE) is a manufacturer of chillers, heat pumps, heat recovery products, and air-handling units. The acquisition will enable Vertiv to expand its chiller products as well as strengthen its portfolio of critical technologies and solutions in support of high-performance compute and AI applications.\n\n“This acquisition supports our capital allocation strategy, which includes adding technologies that are early in the maturity curve to our portfolio. BSE’s solutions and technologies complement and reinforce Vertiv’s existing chiller portfolio and will assist us in addressing growing air and liquid cooling demand to support high-performance compute and AI. Vertiv has the most complete critical digital infrastructure portfolio and BSE further strengthens our technology offerings that we can provide to customers globally”.\n-Giordano Albertazzi, Chief Executive Officer, Vertiv.\n\nOverall VRT ranks 1st on our list of the AI stocks dominating Wall Street today. While we acknowledge the potential of VRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than VRT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493521763"}