Vertiv: The Rising AI Darling Defeating Nvidia in the Data-Center Stock Market

AI investment goes beyond GPUs, with power companies like Vertiv leading the way, according to Bank of America. Vertiv, specializing in data center power and cooling equipment, has outperformed Nvidia by 315% in the last year, showcasing a shift in the AI market towards various sectors. The comparison starts on May 24, 2023, after Nvidia's successful quarter, triggering an AI stock boom. Vertiv's impressive 516% climb since then surpasses Nvidia's 211% gain, while the S&P 500 lags at 29%. Bank of America highlights Vertiv as the true AI gem, indicating a broader AI rally across different industries. The surge in power demand due to AI chips benefits sectors like utilities and commodities, driving Vertiv's success. Steve Eisman predicts green policies will further boost these sectors alongside AI advancements. Despite Nvidia's upcoming earnings season, Bank of America remains optimistic, recognizing the market's expansion beyond Nvidia. The firm suggests a shift towards utility investments in the AI market, where companies excelling in AI software integration will thrive.