On June 15, Vertiv Holdings rose 3.74% in regular trading, trading at $315.735/share, with turnover of $239 million. The rebound was driven by the company's completion of its acquisition of ThermoKey, combined with a broader sector recovery and oversold technical conditions.

Vertiv announced it has completed the acquisition of ThermoKey, expanding its thermal management product line 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 the company in Europe, further strengthening its position in the AI data center cooling segment.

The stock had previously declined over 25% from its $377.77 all-time high amid concerns that elevated interest rates could slow debt-financed AI infrastructure buildouts. BNP Paribas recently issued a bullish report on the AI liquid cooling sector, noting that NVIDIA's upcoming Rubin AI platform could serve as a new catalyst for thermal management suppliers, and identifying Vertiv as one of the most promising beneficiaries given its involvement across multiple layers of the AI infrastructure stack. Within the Electrical Components & Equipment sector, Eaton Corp rose 4.39%, Vicor rose 5.37%, and Plug Power gained 4.63%, reflecting broad sector recovery.

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