Vertiv Holdings Co. declined 2.90% in intraday trading. The drop in stock price may be attributed to the broader market sentiment surrounding AI, as highlighted in the article "Bubble or no bubble? Wall Street wonders about AI." The article discusses growing doubts about AI, including a report from MIT stating that 95% of generative AI pilot projects fail in companies. This negative sentiment towards AI could have contributed to the decline in Vertiv's stock price, as the company is involved in providing digital infrastructure technologies for AI processing facilities.
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