10 Best AI Data Center Stocks

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4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Unlike other hyperscalers, Apple has not pledged a lot of money towards building AI data centers, but has instead focused on developing the chips needed to power these data centers. Even though Apple announced plans to spend nearly $430 billion in capital expenditures over a five year period ending in 2026, most of this capital is geared towards direct spending on US-based suppliers, capital expenditures in the US, and other projects, including dozens of Apple TV productions, per news platform Bloomberg. However, the most significant Apple investment in data centers by far is the Apple Chips in Data Center Project. Under this project, the firm is working with Taiwan Semiconductor Manufacturing to design and produce data center chips.

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