Why Vertiv Stock Soared 37% in February
Shares of Vertiv Holdings (NYSE: VRT), which specializes in providing cooling and power solutions for artificial intelligence (AI) data centers, soared 36.9% in February, according to data from S&P Global Market Intelligence. For context, last month the S 500 index edged down 0.9% and the tech-heavy Nasdaq Composite index dropped 3.4%.
Vertiv shares pulled back 5.2% on Tuesday, March 3, amid the market decline driven by the Iran war. But they are still up a whopping 50.9% year to date through March 3.
Now, let's dig into why Vertiv stock had such a great February performance.
Source Fool.com
