markets

Matt Phillips4/14/26

Vertiv’s dominance in data center cooling earns it an “outperform”

Vertiv Holdings added to its nearly 90% 2026 gain early Tuesday after BNP Paribas analysts initiated coverage on the stock with an “outperform” rating — essentially a “buy” — and a $345 price target, about a 15% premium to the market. (Wall Street’s consensus price target for Vertiv is $304, according to FactSet.)

BNP analysts wrote:

“With ~80% of sales tied to data centers, VRT is a leader in cooling solutions, notably for high-density AI computing. We believe VRT’s growth is sustainable given its content is structurally rising as higher density AI clusters drive a step-change in cooling requirements. With a ~$15bn backlog (up >100% y-o-y) and book-to-bill of ~3x, VRT’s visibility provides confidence in sustained growth through 2030.”

Vertiv is shaking off a bit of a slump in the broader AI data center trade Tuesday, as high-flying AI plays like networking stocks Lumentum, Ciena Corp., and Corning slide, and memory play Sandisk declines.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

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