Application Development & Support Specialist

Vertiv Holdings, a provider of AI infrastructure including power and cooling systems, generated $10.2 billion in net sales in 2025. The company expects 2026 sales between $13.8 billion and $14.2 billion, requiring only 13.5% annual revenue growth through 2029 to double its 2025 figures. Management targets 20% to 22% organic annual sales growth from 2025 through 2030, aiming for roughly $26 billion revenue in 2030. Vertiv exited 2025 with $15 billion in backlog, though orders can be cancelled or rescheduled. The company faces execution risks. Second-quarter 2026 revenue rose 24% year-over-year, but supply chain issues and project timing delayed some sales. Vertiv is expanding manufacturing capacity across power systems, integrated infrastructure and cooling to meet demand as AI data centres become harder to power and cool with rising computing density.

SGC Energy partners with Vertiv to deploy PowerNexus at planned AI data center in Gunsan, South Korea. Expected to be energized in 2028 September 08, 2026 South Korean energy firm SGC Energy has partnered with Vertiv to maximize the efficiency of power and cooling solutions at SGC's planned data center in Gunsan, South Korea. The companies signed a non-binding Memorandum of Understanding, under which they will conduct joint technical reviews of the infrastructure for the AI data center. As part of the agreement, Vertiv plans to deploy its integrated power solution, PowerNexus, at the site, marking the first deployment of the system in South Korea. PowerNexus is a fully integrated system that combines a high-capacity uninterruptible power supply (UPS) and system switchgear into a single, factory-assembled block. According to the company, the system's modular nature means that it can be deployed up to 70 percent faster than alternatives and lower installation costs by up to 20 percent. "We plan to accelerate the construction of an unrivaled AI data center based on the close partnership between SGC Energy and Vertiv," said Hwang Se-hoon, an executive director at SGC Energy. "Because the AI data center business is a new growth pillar for the company, we will do everything possible to push the project forward without setbacks." News on SGC's data center was first revealed in February this year. The project will have a capacity of 60MW in its initial phase, with the potential to scale to up to 300MW at full buildout. Energization of the first phase is expected in Q1 2028. The 300MW facility will be built at the Gunsan National Industrial Complex 2, the largest of two industrial areas located around Gunsan that house shipbuilding facilities, power plants, battery production facilities, and more. According to the company, the data center will be built on approximately 100,000 sq ft (9,290 sqm) of land already owned by SGC Green Power, an affiliate of SGC Energy. More in asia pacific.

Three AI-related stocks — Vertiv Holdings, Applied Optoelectronics, and Innodata — are trading well below their 2026 highs despite strong operational growth. Vertiv's second-quarter sales rose 24% to $3.27 billion, with adjusted operating margin expanding 410 basis points to 22.6%. The company sells power and cooling solutions for AI infrastructure. Insider Monkey counted 112 hedge funds holding Vertiv in Q2, up from 96 in Q1. Applied Optoelectronics posted record revenue of $191.9 million, with 800G volume more than doubling from Q1. Management expects 800G and 1.6-terabit demand to exceed production capacity through mid-2027. However, the company reported a $22.8 million GAAP loss. Innodata's revenue grew 58% to $92.1 million, with adjusted EBITDA rising 92% to $25.4 million. The company provides data engineering and model-evaluation services for AI applications. Each stock faces distinct risks around timing, customer concentration, and operational execution.