Vertiv's shares surge 17% after raising full-year outlook, surpassing revenue expectations, and citing strong AI demand.
Vertiv's shares soar 17% premarket as it raises full-year outlook and reports first-quarter results surpassing revenue expectations. The company sees net sales between $7.54bn and $7.69bn for 2024, with a 60% increase in organic orders and 8% net sales growth in Q1. Vertiv's strong results reflect a positive outlook for AI demand, impacting indirectly related AI stocks like Nvidia, Super Micro, and Broadcom.
April 24, 2024
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