Vertiv supplies liquid cooling solutions that prevent Nvidia's powerful AI chips from overheating, a critical function as AI chips power technologies like chatbots, autonomous vehicles, and humanoid robots. Market research firm Cleanview states the largest operating data center is 750 megawatts, while all nine of the largest data centers in the works will exceed 5,000 megawatts. Cleanview also asserts there are 1,214 large-scale data centers operating in the U.S., with another 1,714 planned, and 55,509 megawatts in operating capacity compared to 369,555 megawatts in planned capacity. After a new data center has liquid cooling systems installed, it becomes a source of recurring maintenance revenues. Vertiv's stock is up by more than 60% year to date. The company reported 30% year-over-year revenue growth in the first quarter while more than doubling its net income. Nvidia's 85% year-over-year revenue growth in its fiscal 2027 first quarter shows chips are still in high demand, and each chip will need liquid cooling to function.