Key Account Manager - Strategic Accounts

Vertiv (NYSE: VRT) product revenue surges 22% as competition with Amphenol and Super Micro Computer intensifies. Vertiv Holdings Co. (NYSE: VRT) is capitalizing on surging demand for power, thermal, and integrated infrastructure solutions as hyperscalers and data-center operators aggressively expand AI capacity. In the second quarter of 2026, Vertiv's product revenues rose 22% year over year to $2.65 billion, representing approximately 81% of the company's total sales for the period. Total revenues climbed 24% to $3.27 billion, underscoring the growing scale and reach of Vertiv's product portfolio across global markets. Regional performance was broadly strong, with Americas sales increasing 29% to $2.07 billion, while Asia-Pacific revenues rose 29% to $720 million and EMEA returned to 2% reported growth. Solutions including OneCore and SmartRun are designed to address larger, more coordinated deployments that can shorten construction timelines and reduce on-site complexity for data-center operators. Vertiv is expanding capacity across the Americas, Malaysia, and EMEA while simultaneously investing in advanced thermal systems, next-generation power architectures, and converged infrastructure offerings. The company's 800-volt DC roadmap, liquid-cooling products, and end-to-end powertrain offerings are expected to expand its content opportunity per megawatt as AI computing density continues to rise. Management indicated that pipelines are expanding across regions and customer categories, providing a solid foundation for continued revenue momentum heading into the back half of 2026. For the third quarter of 2026, management expects sales of $3.65 billion to $3.85 billion, with organic growth projected at 34% to 36%, including high-30s organic growth in the Americas and APAC. Vertiv's competitive landscape is intensifying, with Super Micro Computer (NASDAQ: SMCI) and Amphenol Corporation (NYSE: APH) both broadening their AI data-center infrastructure offerings at pace. In July 2026, Super Micro Computer expanded its DCBBS liquid-cooling portfolio with 10 rear-door heat exchangers supporting high-density AI and HPC systems, offering flexible cooling capacities for new and legacy data centers alike. Amphenol reported that IT datacom represented approximately 43% of its sales in the second quarter of 2026, growing 63% organically year over year on the back of accelerating AI data-center investment. VRT shares have surged 47.8% year to date, significantly outpacing the broader Zacks Computer and Technology sector, which rose 16.7% over the same period. Vertiv stock is trading at a premium valuation, with a trailing 12-month Price/Book ratio of 19.37x compared with the Computer and Technology sector's 8.77x, and carries a Value Score of D. The Zacks Consensus Estimate for Vertiv's 2026 earnings stands at $6.69 per share, reflecting a 59.29% increase from the prior year, with the estimate edging up by a couple of pennies over the past 30 days.

VIRGINIA RETIREMENT SYSTEMS ET Al takes $306.71 million position in Broadcom Inc. $AVGO. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Broadcom Inc. (NASDAQ:AVGO - Free Report) during the second quarter, according to its most recent filing with the SEC. The fund bought 811,938 shares of the semiconductor manufacturer's stock, valued at approximately $306,710,000. Broadcom accounts for 1.8% of VIRGINIA RETIREMENT SYSTEMS ET Al's investment portfolio, making the stock its 8th largest holding. A number of other hedge funds also recently made changes to their positions in AVGO. Vancity Investment Management Ltd boosted its holdings in shares of Broadcom by 1,546.4% in the 2nd quarter. Vancity Investment Management Ltd now owns 31,315 shares of the semiconductor manufacturer's stock worth $11,829,000 after buying an additional 29,413 shares during the last quarter. Tanager Wealth Management LLP increased its holdings in Broadcom by 8.4% during the second quarter. Tanager Wealth Management LLP now owns 4,465 shares of the semiconductor manufacturer's stock worth $1,687,000 after buying an additional 345 shares during the last quarter. DMC Group LLC raised its position in Broadcom by 13.4% in the second quarter. DMC Group LLC now owns 1,041 shares of the semiconductor manufacturer's stock worth $393,000 after acquiring an additional 123 shares during the period. IMPACTfolio LLC bought a new stake in Broadcom in the second quarter worth about $216,000. Finally, Trans Canada Capital Inc. purchased a new position in Broadcom in the second quarter valued at about $23,300,000. 76.43% of the stock is currently owned by institutional investors. Here are the key news stories impacting Broadcom this week: * Broadcom's CEO dismissed concerns about an AI slowdown and reaffirmed the company's long-term revenue objectives, supporting management's view that demand from hyperscale customers remains durable. * Piper Sandler initiated coverage with an Overweight rating and a $460 price target, estimating that demand for Broadcom's AI inference ASICs is roughly twice available supply. The tight supply outlook could support pricing and future growth. * Recent coverage highlighted a 221% year-over-year increase in AI revenue, continued hyperscaler adoption, debt reduction and substantial cash generation. Broadcom also completed prior repurchase authorizations, issued new fourth-quarter revenue guidance and reaffirmed its dividend, potentially improving shareholder returns and visibility. * Analyst comparisons with NVIDIA, Credo and Vertiv underscore Broadcom's strong AI-connectivity position but also frame the investment case around relative valuation, margins, customer concentration and execution. Some analysts favor competitors with lower valuations or broader ecosystems. * Investors remain concerned that elevated expectations leave AVGO vulnerable if AI spending slows, revenue guidance disappoints or margins are pressured. Coverage also cited financing risks, VMware-related regulatory issues and reliance on a limited number of large customers. * Broadcom was pressured alongside other AI-chip stocks as debate intensified over the timing and sustainability of AI infrastructure investment, compounded by a broader technology selloff and Fed-week uncertainty. Broadcom stock performance. Discover more Books & Literature Self-Help & Motivational defenseworld NASDAQ AVGO opened at $339.27 on Wednesday. The firm has a market cap of $1.62 trillion, a P/E ratio of 43.33 and a beta of 1.44. The company has a quick ratio of 2.29, a current ratio of 2.50 and a debt-to-equity ratio of 0.57. The company's 50 day moving average is $381.82 and its 200-day moving average is $378.84. Broadcom Inc. has a 12-month low of $289.96 and a 12-month high of $495.00. Broadcom (NASDAQ:AVGO - Get Free Report) last released its quarterly earnings data on Wednesday, September 2nd. The semiconductor manufacturer reported $3.32 EPS for the quarter, topping the consensus estimate of $3.22 by $0.10. Broadcom had a net margin of 42.94% and a return on equity of 48.33%. The company had revenue of $29.59 billion during the quarter, compared to the consensus estimate of $29.24 billion. During the same period last year, the firm earned $1.69 EPS. Broadcom's revenue for the quarter was up 85.5% on a year-over-year basis. Sell-side analysts predict that Broadcom Inc. will post 10.36 earnings per share for the current year. Broadcom announces dividend. The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be given a dividend of $0.65 per share. The ex-dividend date is Monday, September 21st. This represents a $2.60 annualized dividend and a dividend yield of 0.8%. Broadcom's dividend payout ratio is currently 33.21%. Insider transactions at Broadcom. In other news, insider Mark Brazeal sold 25,000 shares of Broadcom stock in a transaction on Friday, July 10th. The stock was sold at an average price of $401.33, for a total value of $10,033,250.00. Following the completion of the transaction, the insider directly owned 194,989 shares in the company, valued at approximately $78,254,935.37. The trade was a 11.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Justine Page sold 1,602 shares of the business's stock in a transaction on Monday, June 29th. The shares were sold at an average price of $373.86, for a total value of $598,923.72. Following the sale, the director owned 17,426 shares in the company, valued at approximately $6,514,884.36. The trade was a 8.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,492 shares of company stock valued at $20,840,292 over the last three months. Company insiders own 1.90% of the company's stock. Analysts set new price targets. A number of research analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Broadcom from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Jefferies Financial Group assumed coverage on shares of Broadcom in a report on Thursday, September 3rd. They issued a "buy" rating on the stock. Raymond James Financial reiterated an "outperform" rating and issued a $475.00 price objective (up from $450.00) on shares of Broadcom in a research note on Thursday, September 3rd. Oppenheimer reissued an "outperform" rating and set a $535.00 price objective (up from $450.00) on shares of Broadcom in a report on Thursday, June 4th. Finally, Erste Group Bank reissued a "hold" rating on shares of Broadcom in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $509.04. Broadcom profile. Broadcom Inc (NASDAQ:AVGO) designs, develops and supplies semiconductor and infrastructure software products for businesses, telecommunications providers and other organizations worldwide. Its semiconductor portfolio includes networking and connectivity components, custom application-specific integrated circuits, broadband and wireless communications products, storage adapters, optical components, and industrial solutions. The company also provides enterprise infrastructure software through businesses including VMware, which offers virtualization and private- and hybrid-cloud solutions; mainframe and enterprise software; and cybersecurity products. 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Expomina 2026: Four technologies respond to the new digital demands of mining. The increasing digitalization of mining operations is driving demand for infrastructure capable of ensuring power, cooling, and technological continuity in critical environments. In this context, Vertiv presented four solutions during Expomina Perú 2026, held from September 9-11 at the Jockey Exhibition Center in Lima. The company, specializing in critical digital infrastructure, showcased technologies at its booth E426 geared towards different scenarios in the mining industry, from control rooms and data centers to Edge applications and remote site operations. Among the solutions on display were the Vertiv(TM) PowerUPS 6000, designed for industrial applications; the Vertiv(TM) SmartCabinet(TM) Split, which integrates IT infrastructure; the Vertiv(TM) Liebert(R) CRV in-row cooling system; and the Vertiv(TM) Liebert(R) ITA2 UPS, designed to protect critical applications against power outages. The portfolio presented includes critical energy solutions, cooling, racks, monitoring and services, components that become more relevant as mining operations incorporate automation, real-time data processing and artificial intelligence. These trends are changing the demands on the technological infrastructure of mining companies, which require more robust, efficient and scalable systems to support processes that increasingly depend on the availability of data and connectivity. Vertiv's presence at Expomina Peru 2026 allowed them to show industry professionals alternatives to strengthen the availability of their infrastructure, improve its performance and reduce the risk of interruptions in increasingly digitized operations.