Not Chips. Not Memory. Data Center Cooling Is the Unsung AI Infrastructure Play Nobody's Watching

Data center cooling has emerged as a critical but overlooked component of AI infrastructure. Vertiv Holdings, which provides thermal management and cooling solutions for AI data centers, is positioned to benefit from the sector's growth. The company reported 24% revenue growth and 60% EPS growth in Q2, with a $15 billion order backlog and a 2.9 book-to-bill ratio. The global data center cooling market is projected to grow at 22% CAGR through 2033, reaching $128 billion.