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In the ever-evolving landscape of technology, data centers have emerged as the unsung heroes, fueling the global digital revolution. As we navigate the intricate world of investments, data center stocks stand out as prime opportunities for savvy investors seeking stability, growth, and innovation. Let's embark on a journey through the top 10 data center stocks that are poised to fortify your portfolio in the current market scenario.
Microsoft leads the pack as the top data center stock. Boasting a global data center infrastructure designed with defense-in-depth strategies, redundancy, and distributed worldwide, Microsoft ensures data center availability and protects cloud architecture.
As the parent company of Google, Alphabet Inc. secures the second spot with a market cap of $1.35 trillion. With 209 hedge fund holders, Google operates nearly 30 data centers worldwide, supporting its expansive cloud regions.
Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc., claims the third spot with a market cap of $1.01 trillion. AWS, a cloud data services giant, operates over 125 physical data centers across 20 countries.
A semiconductor powerhouse, Advanced Micro Devices, Inc., takes the fourth spot with a market cap of $154.84 billion. The company's data center segment experienced robust growth in 2022, with a 63% increase in revenue to $6 billion.
Oracle Corporation, a global IT solutions provider, secures the fifth position with a market cap of $240.98 billion. With 65 hedge fund holders, Oracle's cloud computing service, Oracle Cloud Infrastructure (OCI), offers essential computing, storage, and networking services through data centers in 22 countries.
American Tower Corp, a global REIT, ranks sixth with a market cap of $90.18 billion. Operating in the communication and data center sectors, AMT has expanded its reach by acquiring companies involved in data centers. With 61 hedge fund holders, it stands as a strategic player in the evolving data landscape.
IBM, a tech veteran with a rich history, claims the seventh position with a market cap of $112.3 billion. Operating globally, IBM offers integrated solutions and services through its subsidiaries. With 43 hedge fund holders, the company remains a stalwart in the data center domain.
Equinix Inc. specializing in internet connection and data centers, secures the eighth spot with a market cap of $63.94 billion. Boasting 38 hedge fund holders, Equinix empowers businesses with access to crucial locations, partners, and opportunities for digital expansion.
Digital Realty Trust Inc, a REIT providing data center solutions, claims the ninth position with a market cap of $28.02 billion. With 30 hedge fund holders, DLR plays a pivotal role in delivering colocation and interconnection solutions to enterprises worldwide.
Iron Mountain Inc. a key player in data center and colocation services, secures the tenth spot with a market cap of $14.75 billion. With 21 hedge fund holders, Iron Mountain's global presence spans three continents, offering critical infrastructure for colocation and interconnection.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
