Why Vertiv Holdings Rallied Over 18% in April
Shares of data center infrastructure leader Vertiv Holdings (NYSE: VRT) rallied 18.3% in April, according to data from S&P Global Market Intelligence.
Vertiv, like most artificial intelligence stocks, had sold off to start the year and took another leg down after April 2 "Liberation Day."
However, the stock recovered along with other tech names as the Trump administration hinted it would likely relax tariffs as trade deals are struck. Additionally, the company reported better-than-expected first-quarter earnings and raised full year guidance, even in the wake of the tariff announcement. That sent investors cheering the formerly loved AI stock once again.
Source Fool.com
