Why Vertiv Holdings Plunged in July

Vertiv stock plunged 27.9% in July amid a broader AI sector sell-off triggered by short-seller Michael Burry's bearish bets, China's new AI model release, and a hedge fund collapse. Despite delivering solid Q2 earnings with 24% revenue growth and 60% EPS growth, the company's results fell slightly short of expectations and were met with negative sentiment. However, management raised full-year guidance, attributing the miss to timing issues rather than weakening demand.