Yo, someone must know something juicy, because Jennison Associates LLC just boosted their position into Vertiv Holdings by a ludicrous 10,825% in Q3. Yeah, you read that right—ten thousand eight hundred and twenty-five percent. Which means they now own a cool $457 million worth of Vertiv stock. Talk about taking YOLO to new levels.

(Source: Giphy) 

Now, obviously, a 10,825% increase in your holdings on one stock alone is something that would snap necks—but stepping back, it’s definitely not coming from left field. You see, Vertiv Holdings has apparently made the niche for powering and cooling data centers it’s b*tch in 2024 as the stock has mooned 201.99% this year. 

(Source: Yahoo Finance) 

The reason? AI. That’s it. That’s the article LOL. AI is what has kept Wall Street horned up, the market roaring, and it’s what will make Jensen Huang CEO & President of Skynet in 2035 (assuming today’s earnings go well). Meaning, while Nvidia may be the QB1 of AI chips, Vertiv is the young, rejuvenating curvy trainer who keeps those chips oiled up and ready to go. Why? Well, because these advanced chips run hotter than a friggin ‘Intel earnings call (not in a good way), and Vertiv offers liquid cooling solutions like it’s the next big thing (hint: it is the next big thing). 

(Source: Giphy) 

Which is why Jennison isn’t the only one ready to park the Vertiv rocket in their portfolio. Banque Cantonale Vaudoise (say that three times fast) bumped up their stake by 38.3%. Even little ol’ Prospera Private Wealth LLC—who nobody’s heard of—got in for $160,000, which is like nothing, but hey it’s way more than I have in Vertiv (a.k.a nothing). 

On the other end, analysts as a whole are losing their collective minds as well. Citi upped their price target to $141, Mizuho bumped theirs to $145, and Oppenheimer and TD Cowen are right behind them, practically tripping over themselves to get in on the action.

(Source: Yahoo Finance) 

Oh and if you’re into dividends (you lazy bastards), Vertiv just sweetened the deal with a 50% increase. Sure, $0.0375 per share isn’t exactly yacht money, but it’s a nice little “thank you” from a company that’s been legit printing money during this AI craze. And when I say printing money, I mean absolutely crushing Q3 earnings with a $0.76 EPS and a 19% revenue jump year-over-year.

In addition to all the Vertiv hype, the board added some flame to the fire at their recent Investor Day event, promising 12%-14% organic growth through 2029. For reference, the market they’re in is only expected to grow by 9%-12%--- meaning, when you add in the fact that Vertiv is looking to lap it’s competition within a data center cooling market that’s projected to hit $107.13 billion by 2034, you can pretty much smell the glorious stench of dolla bills in the making. 

(Source: IBD) 

So with that said, when it comes to right here, right now…. Vertiv is the MVP of data center infrastructure and Wall street can’t get enough of them. Institutional investors are piling in, analysts are falling over themselves to raise price targets, and they just gave everyone a nice dividend sweetener. So yeah, Vertiv is keeping cool while everyone else is overheating.

Now obviously, do what you will with that information, but it would be absolutely ludicrous not to keep an eye on this giant (or the data cooling market in general) going forward. But again, do your due diligence, don’t be dumb, and place your bets accordingly, friends. As always, stay safe and stay frosty! Until next time… 

P.S. Do you hear that sound? If you listen closely, it’s the sound of a stock getting probed with massive short interest, and a sky-high borrow fee that would make your 8% mortgage look like a friggin’ happy meal. Meaning, once this catalyst lights a fire under this little known stock, we could potentially see some fireworks POP… and when I say pop… I mean triple-digit to the moon pop. Curious to know what the ticker is? Click here for the details.

Stocks.News does not hold positions in companies mentioned in the article.