This data center stock is up over 1000% in the last five years. Trader Mike Khouw sees more gains

The great Jim Cramer is often found of saying, "It doesn't matter where a stock has been, only where it's going." It's fantastic advice, and worth remembering when looking at shares of Vertiv Holdings .

Vertiv, headquartered in Westerville, Ohio, is an electrical power equipment manufacturer, and many of the DC power systems, heat rejection and data center cooling solutions and other equipment it makes are critical in data centers. Given the enormous capex in that area it is unsurprising that Vertiv CEO Giordano Albertazzi said on the Q2 '26 earnings call, where they raised guidance and reported a 24% growth in net sales and a 410 bps expansion in adjusted operating margins, "We raised our full-year 26 guidance across all key metrics; the momentum is strong, it is broad-based, and it is accelerating." adding "I am more confident in our trajectory today than I have ever been."