Data centers have become the unsung heroes of the rapidly changing technological world, driving the global digital revolution. Data center stocks stand out as excellent options for astute investors seeking stability, development, and innovation as we traverse the complex world of investments. Together, we will explore the top 10 data center stocks that, given the state of the market, are well-positioned to strengthen your investment portfolio.
Microsoft Corporation (NASDAQ: MSFT) – $2.08 trillion in market capitalization
Microsoft is the best data center stock in the group. With its globally distributed data center infrastructure, redundancy, and defense-in-depth tactics, Microsoft guarantees cloud architecture protection and data center availability.
Alphabet Inc. (GOOGL; NASDAQ) – $1.35 trillion in market capitalization
Alphabet Inc., the parent firm of Google, takes second place with a $1.35 trillion market capitalization. Google has 209 hedge fund owners and runs around thirty data centers throughout the globe to service its vast cloud regions.
Amazon.com, Inc. – $1.01 trillion in market capitalization (NASDAQ: AMZN)
With a $1.01 trillion market capitalization, Amazon Web Services (AWS), a division of Amazon.com, Inc., holds the third position. The massive cloud data services company AWS runs more than 125 physical data centers in 20 different nations.
Advanced Micro Devices, Inc. – $154.84 billion in market capitalization (NASDAQ: AMD)
Advanced Micro Devices, Inc., a dominant player in the semiconductor industry, comes in at number four with a $154.84 billion market valuation. In 2022, the company’s data center segment saw strong growth, with revenue rising by 63% to $6 billion.
Oracle Corporation (NYSE: ORCL) – $240.98 billion in market capitalization
With a market valuation of $240.98 billion, global IT solutions provider Oracle Corporation holds the fifth position. Oracle Cloud Infrastructure (OCI), a cloud computing service, provides basic networking, storage, and processing capabilities through data centers in 22 countries. It has 65 hedge fund investors.
American Tower Corp. (NYSE: AMT): $90.18 billion in market capitalization
Global REIT American Tower Corp. comes in sixth place with a $90.18 billion market capitalization. AMT, which operates in the communication and data center industries, has grown by purchasing data center-related businesses. It is a strategic actor in the changing data landscape, holding 61 hedge funds.
International Business Machines Corporation – $112.3 billion in market capitalization (NYSE: IBM)
With a market valuation of $112.3 billion, IBM, a seasoned tech company with a long history, is ranked seventh. Through its subsidiaries, IBM provides integrated solutions and services on a worldwide scale. With 43 hedge fund investors, the business is still a mainstay in the data center industry.
Equinix Inc. (EQIX) – $63.94 billion in market capitalization
Equinix Inc., a provider of data centers and internet connections, comes in eighth place with a $63.94 billion market capitalization. With 38 hedge funds as clients, Equinix gives companies access to partners, locations, and digital growth prospects.
Market capitalization of Digital Realty Trust Inc. (NYSE: DLR) is $28.02 billion
With a market valuation of $28.02 billion, data center solutions provider Digital Realty Trust Inc., a REIT, holds the ninth spot. DLR is a key player in providing colocation and interconnection solutions to businesses globally, with 30 hedge fund holders.
Iron Mountain Inc. (NYSE: IRM) – $14.75 billion in market capitalization
With a $14.75 billion market capitalization, Iron Mountain Inc., a significant participant in data center and colocation services, takes tenth place. Iron Mountain is present on three continents and has 21 hedge funds as clients. It provides essential infrastructure for interconnection and colocation.
