Hyperscalers are pouring hundreds of billions of dollars into artificial intelligence (AI) and computing capacity. This unprecedented surge illustrates the AI capital expenditure (capex) supercycle, which is creating a powerful tailwind for industrial operators involved in the data center build-out.
Data centers consume huge amounts of electricity, driving robust demand for power solutions, liquid cooling, and other power management systems. Two top-notch growth stocks benefiting from this demand — and that are poised to continue benefiting — are Vertiv Holdings (VRT 1.39%) and Bloom Energy (BE +1.60%). Here’s why these growth stocks deserve a spot in your portfolio today.
Image source: Getty Images.
Vertiv is seeing unprecedented demand
Modern AI processors require significant amounts of cooling because they push rack densities to extreme levels. That’s where Vertiv’s liquid cooling products come in, removing heat directly from chips at the rack level. It also provides cooling and chillers, uninterruptible power systems (UPS), switchboards, and on-site backup systems to help ensure reliable operations.
The company is experiencing unprecedented secular demand, driven by data centers’ needs for highly specialized equipment. In the first quarter, sales surged 30% year over year to $2.6 billion. Looking to the rest of 2026, Vertiv projects sales of $13.5 billion to $14 billion, 30% growth at the midpoint, and free cash flow between $2.1 billion and $2.3 billion.
Today’s Change
(-1.39%) $-4.46
Current Price
$315.32
Key Data Points
Market Cap
$123B
Day’s Range
$307.37 – $320.63
52wk Range
$104.71 – $379.94
Volume
169.9K
Avg Vol
7.6M
Gross Margin
35.00%
Dividend Yield
0.06%
The company noted an increased sense of urgency among hyperscalers as deployment scales grow. According to CEO Gio Albertazzi, its backlog has become “a little bit more elongated” as customers lock in large-scale projects with 12- to 18-month delivery windows, providing the company with visibility into earnings well into 2027.
Management says that a large chunk of orders from the past couple of quarters is due for delivery in the second half of this year, which is why the company sees growth accelerating into the back half of the year. The company is also ramping up capital expenditures to increase production capacity, which it expects to go live in the second half of the year.
The company also expects a wholesale transition to 800-volt DC architecture to become a major factor next year and beyond. To address this, it plans to launch portfolio prototypes later this year, and it notes that high-density 800-volt computing will expand the total addressable market (TAM) for liquid cooling across the entire IT stack, not just individual chips. For investors looking to capitalize on the huge infrastructure spending for AI data centers, Vertiv is an excellent choice today.
Bloom Energy is addressing increased power demands
Bloom Energy stock has gone on an absolute tear, surging 1,210% since the start of 2025. The company makes solid-oxide fuel cell systems that provide reliable, low-carbon electricity and microgrids for customers. Its product, called the Bloom Energy Server, can run on various fuels, including biogas, natural gas, and hydrogen, making it appealing to customers seeking low-emissions power.
The company has seen staggering demand as hyperscalers increasingly look for “behind the meter” solutions. That’s because these off-grid connections allow it to bypass grid interconnection queues, which can take up to five years. Not only that, but the power grids are not prepared to meet the demand of these data centers, which could strain local grids and affect residential customers’ utility prices.
Today’s Change
(1.60%) $4.71
Current Price
$298.51
Key Data Points
Market Cap
$84B
Day’s Range
$286.45 – $306.43
52wk Range
$18.12 – $322.83
Volume
238.3K
Avg Vol
10.4M
Gross Margin
31.08%
In the first quarter, revenue surged 130% year over year to $751 million. Meanwhile, its operating income turned positive, with a $91 million increase from the prior year to $72 million. The company projects revenue of $3.4 billion to $3.8 billion this year, with adjusted earnings per share (EPS) of around $2.05 at the midpoint.
Bloom expects huge growth and is leveraging its manufacturing speed and capacity to meet these needs quickly. The company’s current manufacturing capacity can support up to 5 gigawatts (GW) of annual production, and management is continuously adding capacity at a rate of “hundreds of megawatts a quarter,” according to CEO KR Sridhar.
The company has seen robust demand from data center operators, including expanded deals with Oracle and a huge 10-year deal with Nebius Group, an Nvidia-backed AI cloud platform, that could be worth $2.6 billion. With such strong growth and the ability to scale up manufacturing to meet these demands, Bloom Energy is another excellent growth stock to scoop up today.