Vertiv, a leading provider of data center cooling solutions, has seen a significant surge in its stock price due to the increasing demand for its products amid the artificial intelligence (AI) boom. Notably, the company experienced a remarkable 60% year-over-year increase in orders during its first quarter of 2024, resulting in a substantial 8% growth in net sales to $1.64 billion, exceeding Wall Street’s estimates of $1.62 billion.
The global immersion cooling market is estimated to grow substantially between 2023 and 2027, driven by the increasing demand for energy-efficient and sustainable cooling solutions for data centers and other high-performance computing applications. The market is expected to witness significant growth due to the increasing adoption of immersion cooling solutions by major companies like Aecorsis BV, Bitfury Group Ltd., and DCX The Liquid Cooling Co. These companies offer diverse cooling solutions to meet the unique needs of various industries.
