Vertiv (VRT) stock drops 7% as tech traders turn picky on AI data-center plays
Vertiv shares fell about 7% Thursday, trading near $159.55 after opening around $171.26. The drop followed Nvidia’s comments at CES questioning the need for water chillers in data centers, pressuring HVAC-linked stocks. Investors are watching Friday’s U.S. jobs report and Vertiv’s next earnings update for signs of order growth and margins.