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Celestica Inc. (CLS $276.19)
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Vertiv Holdings LLC Class A (VRT $124.01)
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Nebius Group N.V. (NBIS $65.72)
Q: I am, as you put it, sharpening my pencil. Can you comment a bit on the above three companies. How much overlap is there? Which is the one you would rank the lowest of the three? Leaving aside stable mega caps, for the agressive side of my tech holding, are there any others that you would rank in the top 5 to start looking at that are better or roughly in the same class as these? Thank-you.
5i Research Answer:
There would be some direct overlap between NBIS and VRT, and some indirect overlap with CLS. NBIS has lots of non-data centre business, as does CLS. VRT is more data centre exclusive. We like all, but VRT may be the most vulnerable if the sector rolls over more. These three would still be our main choices for more agressive picks within the sector.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in NBIS.