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flag Vertiv's stock hit a record high on strong AI-driven earnings and revenue growth, despite mixed global performance.

flag Vertiv hit a record stock high on Friday, rising 1.6% to $186.06, fueled by strong third-quarter results showing a 63% year-over-year jump in adjusted earnings to $1.24 per share and a 29% revenue increase to $2.68 billion. flag The company credited surging demand for data center infrastructure driven by artificial intelligence, with a $9.5 billion backlog and significant growth in North America and Asia Pacific. flag While Europe, the Middle East, and Africa saw slower growth, management expressed confidence in a recovery by late 2026. flag Nine Wall Street analysts raised price targets, and the stock remains on three major IBD lists.

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