William Blair initiated coverage of Vertiv (VRT) with an Outperform rating. The firm believes the company is well positioned for the deployment of high-density, integrated artificial intelligence. Vertiv generates 80% of sales from the “rapidly expanding” data center industry, where it holds “strong collaboration moats” with top chipmakers and hyperscalers, he analyst tells investors in a research note. Blair believes backlog strength and margin expansion sets up Vertiv shares to outperform the market.
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