Honeywell veteran Cote turns 80-year-old HVAC firm Vertiv into an AI powerhouse

1. 1Vertiv (VRT), led by former Honeywell CEO David Cote, has transformed from an 80-year-old HVAC company into a leading AI cooling powerhouse
2. 2Since its IPO in early 2021, its market cap has grown roughly 10-fold, with a 50.5% annualized return ranking third among S&P 500 stocks
3. 3Direct-to-chip liquid cooling for Nvidia GPUs is the core driver, supported by demand from hyperscaler data centers

Source Fortune · View original ↗

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