Vertiv Stock Reaction (at the time)
Amazon’s 2023 partnership with Nvidia produced an in-house cooling tech in 11 months; Vertiv fell ~6% on the news.
Amazon (Analyst ≥10%)
Other Customers
Bloomberg analysts estimated Amazon accounted for more than 10% of Vertiv revenue (company-specific risk).
AMZN–NVDA Cooling Tech Development
Time from partnership to working cooling technology: 11 months.