TD Cowen sees slower data center equipment purchasing as negative for Vertiv

TD Cowen analysts led by Michael Elias archer investors that the firm’s transmission checks astatine Nvidia’s (NVDA) GTC lawsuit and DCD Connect bespeak aggregate information halfway request has accrued year-over-year, contempt much pervasive lease cancellations and deferrals by Microsoft (MSFT) than initially thought. The pullback from Microsoft has created an accidental for some Google (GOOGL) and Meta (META) to backfill capacity, the steadfast says. Hyperscale redesigns for higher densities are driving slower DC instrumentality purchasing, which the steadfast views negatively for archetypal fractional orders for Vertiv (VRT), TD added.

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Disclaimer & DisclosureReport an Issue

• Vertiv falls -7.8%

• Vertiv terms people lowered to $100 from $111 astatine Barclays

• Synchrony added to ‘US 1 List’ astatine BofA, 3 stocks removed

• Vertiv initiated with an Outperform astatine RBC Capital

• Vertiv Holdings telephone measurement supra mean and directionally bullish