35 AI News You Should Not Miss

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32. Digital Realty Trust, Inc. (NYSE:DLR)

Number of Hedge Fund Holders: 44      

Digital Realty Trust, Inc. (NYSE:DLR) brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. JPMorgan recently raised the price target on the stock to $180 from $175 and kept an Overweight rating on the shares. The advisory says the enormous demand for hyperscale data centers is driving the overall market and a secondary impact to colocation. Cloud and digital transformation demand is robust from enterprise customers, which are still evaluating their artificial intelligence needs, the advisory told investors in a research note. JPMorgan sees Digital Realty and DigitalBridge as the best ways to play the AI data center trend.

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