Shares of Vertiv (VRT) are sinking after Amazon (AMZN) announced the launch of its own liquid cooling system for data systems. Amazon “considered multiple liquid cooling solutions that could be purchased from vendors, but realized none were a good fit for AWS’s need,” the company said this morning on its website. It took just four months for Amazon Web Services to go from a whiteboard design to a prototype, and then 11 months to deliver the first unit in production of its liquid cooling system. Vertiv (VRT), which offers a portfolio of liquid cooling solutions for data centers, has seen its stock fall 10% in morning trading to $116.05 following Amazon’s announcement.
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