Vertiv Holdings shares are trading higher after the company announced its collaboration with Intel to provide a liquid cooling solution for the Gaudi3 AI accelerator. Also, Goldman Sachs maintained a Buy rating on the stock and raised its price target from $46 to $52.
Portfolio Pulse from Benzinga Newsdesk
Vertiv Holdings Co. (VRT) shares rose following the announcement of a collaboration with Intel for a liquid cooling solution for the Gaudi3 AI accelerator. Additionally, Goldman Sachs reaffirmed a Buy rating on VRT and increased the price target from $46 to $52.
November 30, 2023 | 3:05 pm
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POSITIVE IMPACT
Vertiv Holdings Co. is expected to see a positive short term impact on its stock price due to the collaboration with Intel on AI cooling solutions and an increased price target from Goldman Sachs.
The collaboration with a tech giant like Intel on a cutting-edge product such as the Gaudi3 AI accelerator positions Vertiv favorably in the tech market. The endorsement by Goldman Sachs with a raised price target further boosts investor confidence, likely leading to a short term rise in VRT's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100