Vertiv stock surges as orders double amid AI build-out: 'Evolving faster than ever'

Vertiv (VRT) stock surged 15% in premarket trading as the data center infrastructure player showed it continues to benefit from the massive capex spending from the likes of Google (GOOG) and Microsoft (MSFT). "We are in the middle of the largest infrastructure buildout and it's accelerating," Vertiv's CEO Giordano Albertazzi stated in the company's earnings release. "The demands on data center infrastructure are evolving faster than ever, and Vertiv's role in that buildout keeps expanding." (VRT ) Go deeper with AlphaSpace 208.56 +8.78 (+4.39%) At close: October 27 at 4:00:03 PM EDT 241.90 +33.12 (+15.86%) Pre-Market: 8:24:56 AM EDT Vertiv makes power and cooling hardware for data centers and enterprise networks.