10 Best AI Data Center Stocks

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2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 279

Microsoft Corporation (NASDAQ:MSFT) is a Washington-based technology company. In 2023, as the AI boom swept the US markets, the tech giant ramped up AI data center expenditures by 50% compared to the previous year, leaping far ahead of competitors like Amazon, whose spending decreased by about 3% that year. Since then, Microsoft has doubled down on this AI bet. This year, the company has partnered with global investment firm BlackRock to start a $100 billion fund to support AI data center growth with investments in energy and technology. It has also pledged more than $4 billion towards AI infrastructure investment in Italy. A report by Business Insider claims that the firm is on track to double data center capacity to 5GW this year.

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