New Companies
Saturday, 8/22, 06:47 AM
The best S&P 500 returns of the AI era belong to air conditioning companies
- Vertiv makes cooling systems for data centers.
- Since it listed in early 2021 its market value has gone from under $11 billion to $109 billion, an annualised return of 50.5%, third in the S&P 500.
- The two companies ahead of it are Comfort Systems, which does mechanical contracting, and Nvidia.