Vertiv

Vertiv provides the power and thermal management infrastructure that makes AI data centers physically possible. As GPU power density climbs — an NVIDIA H100 server rack can consume 70–100kW, compared to 10–15kW for a traditional rack — conventional air cooling becomes inadequate, and liquid cooling becomes mandatory. Vertiv's direct liquid cooling (DLC) systems, uninterruptible power supplies (UPS), and power distribution units (PDU) are deployed in every major AI data center. The company has an 18-month backlog on liquid cooling systems, making it a genuine bottleneck in the AI infrastructure buildout. Vertiv's revenue has grown rapidly alongside the AI data center boom, and its order book gives it unusually high visibility into future data center investment.