Jim Cramer Highlights nVent Electric as Data Center Play Amid Rising Infrastructure Demand

Jim Cramer recently positioned nVent Electric (nVET) as a 'mini Vertiv' within the data center sector, drawing attention to its growing role in power distribution and thermal management systems. The remark came amid increasing demand for reliable infrastructure to support AI-driven data center expansions, particularly in North America and Europe. While Vertiv (VRTX) remains a dominant player with a market cap exceeding $40 billion, nVent’s $14 billion valuation presents a smaller-cap opportunity with similar end-market exposure. nVent’s recent financials show a 12% year-over-year increase in revenue from its industrial and infrastructure segments, driven largely by data center and renewable energy projects. The company reported $1.2 billion in annual revenue for FY2025, with a 28% operating margin reflecting strong cost discipline. Its core product lines—such as busbar systems, enclosure solutions, and cable management—have become critical components in modern data center buildouts requiring scalable power delivery. Market reaction to Cramer’s commentary was measured, with nVET rising 3.6% in early trading on March 10, 2026, while VRTX saw a 1.2% gain. Analysts note that while nVET’s exposure to data center growth is real, its revenue is still diversified across industrial and commercial markets, limiting its pure-play appeal. However, the stock’s P/E ratio of 21.5 remains below the data center infrastructure sector average of 26.3, suggesting potential upside. The broader impact includes renewed investor interest in mid-cap industrial firms with niche infrastructure applications. Companies like 3M (MMM), with overlapping B2B industrial exposure, also saw minor movements, though without direct data center linkage. Investors are now scrutinizing supplier exposure within the AI infrastructure supply chain, particularly those with recurring revenue models and long-term contracts.