On June 15, Vertiv Holdings rose 4.69% in pre-market trading, trading at $318.0/share, with turnover of $117.19 thousand.

On the news front, the company announced the completion of its acquisition of ThermoKey, expanding its thermal management product portfolio and manufacturing capacity across Europe, the Middle East, and Africa. ThermoKey's facility in Rivarotta, Italy, will serve as a core manufacturing and engineering hub for Vertiv in Europe, reinforcing the company's position in the AI data center cooling segment.

The acquisition follows a bullish report from BNP Paribas highlighting the AI liquid cooling sector's promising outlook. The bank noted that NVIDIA's upcoming Rubin AI platform could serve as a new catalyst for cooling suppliers, identifying Vertiv and Eaton as among the most promising beneficiaries due to their involvement across multiple layers of AI infrastructure. Additionally, Citi previously raised its target price on Vertiv to $414, emphasizing long-term AI data center growth prospects.

The stock had previously retreated over 25% from its $377.77 all-time high amid concerns that elevated interest rates could slow debt-driven AI infrastructure buildout. The acquisition completion and institutional bullish signals are providing rebound momentum following the oversold conditions.

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