While Nvidia stock — up 246% in 2023 — came in second place in my Generative AI Stock Index, Vertiv shares led the pack by popping 269% this year. It keys off Brain Rush — a book I am writing about Generative AI — part of which explores how to invest and compete in the Generative AI business ecosystem powering those buzzy chatbots. In June 2023, Vertiv was struggling to satisfy demand for its products from data centers processing Generative AI workloads. Vertiv’s Generative AI ProductsVertiv provides immersive cooling systems and other products for data centers hosting Generative AI applications. In its third quarter of 2023, Vertiv posted better-than-expected results and provided investors with an ambitious forecast for the year.

Source: Forbes January 01, 2024 01:33 UTC