Data centers to train and run AI may soon contain millions of chips, cost hundreds of billions of dollars, and require power equivalent to a large city’s electricity grid, if the current trends hold.

Vertiv said it’s working to mitigate any tariff impact and wants components made in Mexico to be exempt under the 2018 USMCA free-trade agreement.

The data center firm impressed investors with better-than-expected earnings, rousing hope that artificial intelligence demand is still intact. Vertiv was among the top AI trades of 2024, supplying data centers with equipment to keep AI chips from overheating.