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Vertiv (VRT) to Invest $50M in Ohio Sites, Expanding Manufacturing and HQ
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Vertiv Holdings Co. (NYSE:VRT) is one of the best US stocks to buy and hold for the next 3 years. On March 30, Vertiv announced a ~$50 million investment to expand its manufacturing operations in Ironton, Ohio, and its global headquarters in Westerville, Ohio. This initiative supports the company’s critical digital infrastructure capabilities and is expected to create 100s of new jobs through 2029. The expansion targets the growing demand for AI and high-density computing applications by strengthening Vertiv’s US production and supply chain. The Ironton facility expansion is scheduled to be operational by Q2 2027 and will increase production capacity for liquid cooling and chilled water systems by ~45%. These advanced thermal management technologies are essential for supporting next-gen GPU clusters and large-scale model training. CEO Giordano Albertazzi emphasized that this investment enhances the company’s engineering, sales, and logistics capabilities. Vertiv Holdings Co. (NYSE:VRT) continues to focus on end-to-end solutions that manage power and cooling requirements from the grid to the individual chip. Vertiv Holdings Co. (NYSE:VRT) is an electrical equipment & parts company that specializes in critical digital infrastructure technologies & life cycle services for data centers and communication networks. While we acknowledge the potential of VRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. Disclosure: None. Follow Insider Monkey on Google News.