Vertiv Shares Surge Over 1,000% in Five Years, Trader Sees Further Upside
Data center equipment maker Vertiv has seen a Micron-like rally, and trader Mike Khouw says the stock could still have room to run, according to CNBC.
Shares of Vertiv, a company that makes power and cooling equipment for data centers, have risen 1,043% over the past five years, according to CNBC. The publication compared the surge to the rally seen in memory chipmaker Micron over a similar period.
CNBC reported that the scale of the gain could prompt some investors to consider taking profits after such a steep run-up.
However, trader Mike Khouw told CNBC he believes Vertiv shares have further room to climb, citing the company's position in the data center infrastructure market, which has benefited from rising demand tied to artificial intelligence and cloud computing growth.
CNBC did not specify additional financial metrics such as valuation multiples or earnings figures in the report, and further details of Khouw's analysis were not included in the available excerpt.
Sources
- This data center stock is up over 1000% in the last five years. Trader Mike Khouw sees more gains — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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