The data center industry is one of the hottest sectors in the world right now, with analysts pointing to the 12 best data center stocks to buy. The stock market in 2024 has seen significant changes from previous years, with the rise of NVIDIA Corporation at the forefront of the artificial intelligence boom. Data centers play a crucial role in supporting AI and machine learning technologies, requiring large-scale computing facilities to process and store data.
Some of the top data center stocks include NVIDIA Corporation, Intel Corporation, Advanced Micro Devices, and Microsoft Corporation, among others. Data center ETFs are also popular investment options, with the Global X Data Center REITs & Digital Infrastructure ETF showing positive returns over the past few years.
Digital Realty Trust, Inc. is one stock that stands out in the data center industry, with strong fundamentals and long-term growth potential. The company has been making strategic investments and transformations to capitalize on the increasing demand for data center space globally.
Other undervalued data center stocks include Micron Technology, Equinix, and American Tower Corporation, all of which have received positive ratings from analysts. These companies are well-positioned to benefit from the growing demand for data center services and infrastructure.
Overall, the data center industry continues to be a key player in the technology sector, with promising growth prospects for investors looking to capitalize on the digital transformation trend. Analysts recommend keeping an eye on these top data center stocks for potential investment opportunities in the future.
