Reported 5 months ago
Bank of America notes that Vertiv, a company producing power and cooling equipment for data centers, has outperformed Nvidia by 315% over the past year, showcasing a broader AI trade trend beyond just GPU chips. The performance reflects a widening range of sectors benefiting from the increased power consumption of advanced AI chips, such as Nvidia's, with Vertiv's stock climbing 516% compared to Nvidia's 211% gain since May 24, 2023. As Nvidia gears up for earnings, Bank of America expects strong results but emphasizes the expanding market beyond Nvidia, with AI applications driving power consumption growth and potential investment opportunities in utility, industrial, and commodity companies.
Source: YAHOO