Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>As Vertiv Holdings races ahead in the high-performance data center and AI infrastructure market, its latest move—agreeing to acquire Texas-based fluid management services provider Purge Rite Intermediate for $1 billion in cash, plus up to $250 million in potential earnouts—has sent ripples through the thermal management space.</li><li>The acquisition, announced in early November 2025, comes on the heels of Vertiv’s strong Q3 performance, with 28% organic sales growth and a $9.5 billion backlog.</li><li>Purge Rite, headquartered in Houston and backed by Milton Street Capital, specializes in thermal fluid services and is positioned to expand its service center network across North America.</li></ul>

As Vertiv Holdings races ahead in the high-performance data center and AI infrastructure market, its latest move—agreeing to acquire Texas-based fluid management services provider Purge Rite Intermediate for $1 billion in cash, plus up to $250 million in potential earnouts—has sent ripples through the thermal management space.The acquisition, announced in early November 2025, comes on the heels of Vertiv’s strong Q3 performance, with 28% organic sales growth and a $9.5 billion backlog.Purge Rite, headquartered in Houston and backed by Milton Street Capital, specializes in thermal fluid services and is positioned to expand its service center network across North America.

Vertiv Is Buying Purge Rite For $1B—Is This The Future Of AI Infrastructure?

<ul><li>Vertiv Corporation reported robust financial performance for the third quarter of 2025, indicating strong growth across several metrics.</li><li>The company reported an adjusted diluted earnings per share (EPS) of $1.24, a 63% increase year-over-year, largely driven by enhanced operating profit margins, which stood at 22.3%, up from the previous year.</li><li>Organic net sales grew 28%, with the Americas contributing a substantial 43%, and the AsiaPacific (APAC) region also showing a strong performance with a 21% increase.</li></ul>

Vertiv Corporation reported robust financial performance for the third quarter of 2025, indicating strong growth across several metrics.The company reported an adjusted diluted earnings per share (EPS) of $1.24, a 63% increase year-over-year, largely driven by enhanced operating profit margins, which stood at 22.3%, up from the previous year.Organic net sales grew 28%, with the Americas contributing a substantial 43%, and the AsiaPacific (APAC) region also showing a strong performance with a 21% increase.

Vertiv Is Powering the AI Revolution—Can Its NVIDIA Collaboration Change the Game?

<ul><li>Vertiv's second quarter 2025 results reflect a diverse array of achievements and challenges, presenting an intricate picture for potential investors.</li><li>Vertiv demonstrated strong financial growth, highlighted by a 34% increase in organic sales year-on-year.</li><li>This robust expansion was most notable in the Americas and APAC regions, with respective growth rates in the mid-40% and mid-30% ranges.</li></ul>

Vertiv's second quarter 2025 results reflect a diverse array of achievements and challenges, presenting an intricate picture for potential investors.Vertiv demonstrated strong financial growth, highlighted by a 34% increase in organic sales year-on-year.This robust expansion was most notable in the Americas and APAC regions, with respective growth rates in the mid-40% and mid-30% ranges.

Vertiv’s Game-Changing Collaborations With CoreWeave & Oklo Could Truly Up Its Game; What’s Next?

<ul><li>Vertiv's second quarter of 2025 showcased mixed results, providing both opportunities and challenges in its ongoing operational strategy.</li><li>In terms of financial performance, Vertiv reported an adjusted diluted earnings per share (EPS) of $0.95, representing a substantial 42% increase from the second quarter of 2024.</li><li>This growth was primarily driven by higher adjusted operating profits and strong performance across regions — notably, sales growth was robust in the Americas and Asia-Pacific (APAC), with respective increases in the mid-40s and mid30s percentages.</li></ul>

Vertiv's second quarter of 2025 showcased mixed results, providing both opportunities and challenges in its ongoing operational strategy.In terms of financial performance, Vertiv reported an adjusted diluted earnings per share (EPS) of $0.95, representing a substantial 42% increase from the second quarter of 2024.This growth was primarily driven by higher adjusted operating profits and strong performance across regions — notably, sales growth was robust in the Americas and Asia-Pacific (APAC), with respective increases in the mid-40s and mid30s percentages.

Vertiv’s AI Bet: What The Waylay Acquisition Could Mean For The Data Center Titan!

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

<ul>
<li>Nvidia CEO Jensen Huang has repeatedly emphasized that the data center is the new unit of compute.</li>
<li>While this concept seemed straightforward at first, the deeper implications became clearer after Nvidia's presentations at GTC and OFC 2024.</li>
<li>I only recently grasped exactly what is happening, and a simple reframing of the underlying principles that drove Moore’s Law makes the entire picture clearer.</li>
</ul>


Nvidia CEO Jensen Huang has repeatedly emphasized that the data center is the new unit of compute.
While this concept seemed straightforward at first, the deeper implications became clearer after Nvidia's presentations at GTC and OFC 2024.
I only recently grasped exactly what is happening, and a simple reframing of the underlying principles that drove Moore’s Law makes the entire picture clearer.


The Data Center is the New Compute Unit: Nvidia's Vision for System-Level Scaling

United States

Vertiv Holdings Co operates as a holding company. The Company, through its subsidiaries, provides electrical power equipment, thermal management, racks and enclosures, monitoring and management, tools, and other services. Vertiv Holdings serves data centers, communication networks, commercial, and industrial environments worldwide.

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Vertiv Holdings Co (VRT US)

Vertiv Is Buying Purge Rite For $1B—Is This The Future Of AI Infrastructure?

As Vertiv Holdings races ahead in the high-performance data center and AI infrastructure market, its latest move—agreeing to acquire Texas-based...

Baptista Research

Vertiv Is Powering the AI Revolution—Can Its NVIDIA Collaboration Change the Game?

Vertiv Corporation reported robust financial performance for the third quarter of 2025, indicating strong growth across several metrics. The...

Baptista Research

Vertiv’s Game-Changing Collaborations With CoreWeave & Oklo Could Truly Up Its Game; What’s Next?

Vertiv's second quarter 2025 results reflect a diverse array of achievements and challenges, presenting an intricate picture for potential...

Baptista Research

Vertiv’s AI Bet: What The Waylay Acquisition Could Mean For The Data Center Titan!

Vertiv's second quarter of 2025 showcased mixed results, providing both opportunities and challenges in its ongoing operational strategy. In terms...

Baptista Research

The Data Center is the New Compute Unit: Nvidia's Vision for System-Level Scaling

Copper, Cooling, and Compute Density: The Pillars of Nvidia's Data Center Vision. Nvidia CEO Jensen Huang has repeatedly emphasized that the data...

Fabricated Knowledge

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