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

NVIDIA

Market Cap: US$4.4t

Operates as a data center scale AI infrastructure company.

Broadcom

Market Cap: US$1.6t

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

Micron Technology

Market Cap: US$438.2b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally.

Palantir Technologies

Market Cap: US$374.1b

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$330.5b

Operates as a semiconductor company internationally.

Cisco Systems

Market Cap: US$301.0b

Designs, develops, 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.

Intel

Market Cap: US$227.7b

Designs, develops, manufactures, markets, sells, and services computing and related end products and services in the United States, Ireland, Israel, and internationally.

Arista Networks

Market Cap: US$172.4b

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.

QUALCOMM

Market Cap: US$147.4b

Engages in the development and commercialization of foundational technologies for the wireless industry worldwide.

Equinix

Market Cap: US$92.8b

Equinix, Inc. shortens the path to boundless connectivity anywhere in the world.

Marvell Technology

Market Cap: US$80.7b

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

Digital Realty Trust

Market Cap: US$62.8b

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.

Fortinet

Market Cap: US$62.0b

Provides cybersecurity and convergence of networking and security solutions worldwide.

Monolithic Power Systems

Market Cap: US$52.2b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Lumentum Holdings

Market Cap: US$45.7b

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

Nebius Group

Market Cap: US$24.0b

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

ON Semiconductor

Market Cap: US$23.3b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Samsara

Market Cap: US$19.7b

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$17.3b

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

MACOM Technology Solutions Holdings

Market Cap: US$16.4b

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

IREN

Market Cap: US$12.9b

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

Nutanix

Market Cap: US$10.5b

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

Rambus

Market Cap: US$9.6b

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

SiTime

Market Cap: US$9.4b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Applied Optoelectronics

Market Cap: US$8.3b

Engages in the design, manufacture, and sale of fiber-optic networking products in the United States, Taiwan, and China.

Semtech

Market Cap: US$7.9b

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

Rigetti Computing

Market Cap: US$5.8b

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

Cipher Digital

Market Cap: US$5.8b

Develops and operates industrial-scale data centers for bitcoin mining and high-performance compute (HPC) hosting in the United States.

Riot Platforms

Market Cap: US$5.6b

Operates as a Bitcoin mining company in the United States.

Hut 8

Market Cap: US$5.4b

Operates as an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel energy-intensive use cases in the United States and Canada.

Ondas

Market Cap: US$4.4b

Provides private wireless, drone, and automated data solutions in the United States and internationally.

Silicon Motion Technology

Market Cap: US$4.1b

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.

Vistance Networks

Market Cap: US$4.0b

Provides infrastructure solutions for communications, data center, and entertainment networks in the United States, Europe, the Middle East, Africa, the Asia Pacific, Caribbean, and Latin America.

CleanSpark

Market Cap: US$2.5b

Operates as a bitcoin mining company in the Americas.

Freshworks

Market Cap: US$2.4b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

NextNav

Market Cap: US$2.2b

Provides positioning, navigation, and timing (PNT) solutions in the United States.