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Here's why Vertiv's stock surge in June is a great way to play the data center spending boom

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Shares in data center equipment company Vertiv ( NYSE : VRT ) surged by 19% in June .

The move comes as the market's concerns over a slowdown in capital spending have been assuaged by positive news flow from companies like Vertiv 's partner, data center architecture company Nvidia .

For the bulls, spending on data centers is still in its early innings. The need for data center capacity will boost spending for many years to come.