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If you missed out on Nvidia’s big profits…
You may want to look at Vertiv (NYSE: VRT).
Over $1 trillion will be spent upgrading data centers for the Artificial Intelligence revolution, according to Goldman Sachs.
That’s why 5 hidden AI stocks could see gains of 313% – 1,355%.
Go here ASAP for urgent details.
AI data centers are creating huge demand for chips from Nvidia (NASDAQ: NVDA) and Advanced Micro (NYSE: AMD).
They also require huge amounts of power and cooling to keep these data centers running.
Enter Vertiv.
Vertiv is a leader in power and cooling solutions that are used in data centers.
For every $1 spent on AI chips from Nvidia – another $1 is spent on data center infrastructure. And this includes power and cooling from companies like Vertiv.
Sales grew 13% in the latest quarter. And earnings-per-share jumped 46%. Those results beat Wall Street estimates.
Vertiv also confirmed a strong outlook for the coming year.
Yet shares of Veritiv fell from $91 to $76 after reporting earnings on July 24.
The Top 5 Hidden AI Stocks to “Buy Now”
That selloff is due to growing concerns that spending on AI data centers will slow down.
This misguided view is in conflict with everything we hear from Alphabet, Amazon, Nvidia, Meta Platforms and Microsoft.
Vertiv also reports a $7 billion backlog – a 47% increase in the last year. That’s hardly a sign of weakness for the business.
Shares of VTR are currently trading at $76.
EPS are expected to hit $2.55 this year and $3.23 next year.
This means the stock is trading with a price-to-earnings (P/) multiple of 30x 2024 EPS and 23x 2025 EPS.
That’s a reasonable valuation for a rapidly growing company with a bright outlook.
I initially recommended Vertiv stock in February at $62. The stock is up 23% since then.
My outlook suggests that shares could trade above $100 within the next year. That’s +30% upside from the recent share price.
Investors who “buy the dip” could be sitting on healthy gains in the coming months.
JP Morgan and Oppenheimer share my $100 price target on the stock.
30% gains in Veritiv would be nice…
Yet 5 hidden AI stocks could see much bigger gains from the Oppenheimer Project.
This critical breakthrough will power the AI revolution. And it could hand early investors quick profits of 313% – 1,355%.
That’s why Warren Buffett… Jeff Bezos… Bill Gates and Sam Altman are quietly investing billions in The Oppenheimer AI Project.
It’s the little-known secret that’s critical for fueling the AI revolution.
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Ian Wyatt