The expansion of artificial intelligence by companies like Anthropic and OpenAI is driving massive demand for data center infrastructure. Regardless of which AI provider gains market share, the buildout benefits key industrial players across cooling, power distribution and generation.
Vertiv Holdings (VRT) directly addresses the heat challenge in AI data centers. The company is expanding manufacturing capacity for advanced cooling systems, including liquid-cooling technology critical for high-density AI facilities. It is also increasing testing capabilities to allow customers to validate cooling systems before deployment. A 2.3-megawatt coolant distribution unit from Vertiv recently became the first to qualify as Nvidia DSX Ready, giving AI factory builders a validated cooling option. Through its partnership with Generate Capital, Vertiv integrates power and cooling equipment with financing and ownership models that help data center operators overcome grid limitations and bring capacity online faster.
Quanta Services (PWR) addresses the power bottleneck. The company provides infrastructure services for transmission lines, substations and electrical connections. Quanta's recent results show strong performance backed by a large backlog of future work. Its acquisition of Enerfab directly expands its data center footprint and capabilities in building electrical systems for these facilities. Demand for new transmission, substations and distribution infrastructure remains robust, with data centers and technology projects driving this need.
GE Vernova (GEV) provides equipment to generate and manage increased power demand. The company operates across the power ecosystem with gas turbines, grid equipment and electrification technology. GE Vernova's data center orders have exceeded $5 billion year to date—more than double the prior year total—reflecting rapid growth in demand for power generation and management equipment driven by AI infrastructure buildout.
