VRT · Vertiv

The dominant provider of liquid cooling and power solutions for data centers — Vertiv is the picks-and-shovels play on AI capex, with a backlog that keeps climbing.

VRT · Vertiv — The dominant provider of liquid cooling and power solutions for data centers. A picks-and-shovels AI capex name, with an order backlog that keeps climbing.

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ARM Holdings — The Royalty Collector of the Chip World

ARM Holdings (ARM) — The royalty collector of global chip architecture IP, licensing its designs from mobile all the way to the data center: ARM now commands ~50% of hyperscaler CPU compute. At a forward P/E of ~124x, this is a growth stock with a decade of upside already baked into the price.

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