Vertiv Holdings (NYSE:VRT) shares surged after Oppenheimer analyst Noah Kaye initiated coverage with an Outperform rating and a $96 price target. Kaye's optimism is based on the expected tripling of data center capacity and double-digit TAM expansion over the next five years, driven by AI investments. He highlighted the rising demand for liquid cooling solutions, where VRT is innovating in collaboration with chip makers, and anticipates a sustainable operational turnaround with significant margin expansion. VRT's shares rose 5.73% to $85.31.