U.S. Data Center (AI Picks and Shovels) Stocks

NVIDIA

Market Cap: US$4.7t

A computing infrastructure company, provides graphics and compute and networking solutions in the United States, Singapore, Taiwan, China, Hong Kong, and internationally.

Broadcom

Market Cap: US$1.7t

Designs, develops, and supplies various semiconductor devices and infrastructure software solutions worldwide.

Palantir Technologies

Market Cap: US$448.8b

Palantir Technologies Inc. builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the United States, the United Kingdom, and internationally.

Advanced Micro Devices

Market Cap: US$418.6b

Operates as a semiconductor company worldwide.

Cisco Systems

Market Cap: US$282.2b

Designs, developes, and sells technologies that help to power, secure, and draw insights from the internet in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China.

Micron Technology

Market Cap: US$247.1b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

Salesforce

Market Cap: US$243.2b

Provides customer relationship management (CRM) technology that connects companies and customers together worldwide.

Arista Networks

Market Cap: US$197.1b

Engages in the development, marketing, and sale of data-driven, client to cloud networking solutions for AI, data center, campus, and routing environments in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Intel

Market Cap: US$188.4b

Designs, develops, manufactures, markets, and sells computing and related products and services worldwide.

Equinix

Market Cap: US$82.5b

Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world.

Marvell Technology

Market Cap: US$76.5b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Fortinet

Market Cap: US$65.4b

Provides cybersecurity and convergence of networking and security solutions worldwide.

Digital Realty Trust

Market Cap: US$62.2b

Digital Realty Trust, Inc. (“Digital Realty” or the “company”) owns, acquires, develops, and operates data centers through its operating partnership subsidiary, Digital Realty Trust, L.P.

Monolithic Power Systems

Market Cap: US$52.9b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Nebius Group

Market Cap: US$31.5b

A technology company, engages in building full-stack infrastructure to service the global AI industry in the Netherlands, Europe, North America, and Israel.

Samsara

Market Cap: US$22.9b

Provides solutions to connect physical operations data to its connected operations platform in the United States and internationally.

Check Point Software Technologies

Market Cap: US$20.6b

Develops, markets, and supports a range of products and services for IT security worldwide.

Nutanix

Market Cap: US$18.7b

Provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa.

IREN

Market Cap: US$17.8b

Operates in the vertically integrated data center business in Australia and Canada.

Bitmine Immersion Technologies

Market Cap: US$15.3b

Operates as a blockchain technology company primarily in the United States.

Lumentum Holdings

Market Cap: US$13.7b

Manufactures and sells optical and photonic products in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

Rigetti Computing

Market Cap: US$13.0b

Through its subsidiaries, builds quantum computers and the superconducting quantum processors the United States, the United Kingdom, rest of Europe, Asia, and internationally.

Rambus

Market Cap: US$12.2b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$10.9b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Riot Platforms

Market Cap: US$8.5b

Operates as a Bitcoin mining company in the United States.

Cipher Mining

Market Cap: US$8.1b

Develops and operates industrial-scale data centers in the United States.

Informatica

Market Cap: US$7.6b

Develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide.

MARA Holdings

Market Cap: US$7.2b

Operates as a digital asset technology company in the United States and Europe.

Core Scientific

Market Cap: US$6.2b

Provides digital asset mining services in the United States.

Semtech

Market Cap: US$6.1b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

CleanSpark

Market Cap: US$5.7b

Operates as a bitcoin mining company in the Americas.

Hut 8

Market Cap: US$5.3b

Operates as a vertically integrated operator of energy infrastructure and Bitcoin miners in North America.

CommScope Holding Company

Market Cap: US$3.5b

Provides infrastructure solutions for communications, data center, and entertainment networks.

Silicon Motion Technology

Market Cap: US$3.5b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally.

Navitas Semiconductor

Market Cap: US$3.0b

Designs, develops, and markets power semiconductors in the United States, Europe, China, rest of Asia, and internationally.

Extreme Networks

Market Cap: US$2.8b

Develops, markets, and sells network infrastructure equipment and related software in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.