5 Best Data Center Stocks To Invest In

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1. Amazon.com, Inc. (NASDAQ:AMZN)

Number of Hedge Fund Holders: 271

Amazon.com, Inc. (NASDAQ:AMZN) is the world’s largest electronic commerce platform that allows merchants to connect with buyers. However, it has expanded its presence into other technology segments as well, one of which is the data center segment.

Amazon.com, Inc. (NASDAQ:AMZN) has some of the world’s faster data center processors that are designed using the Arm microarchitecture. These are its Graviton lineup of processors which are believed to offer the highest performance per watt per rack slot in the industry. Its data center segment has the highest gross margin of 30% for the entire company as well, and Amazon.com, Inc. (NASDAQ:AMZN) was the leading cloud service provider by market share during last year’s fourth quarter in the form of a roughly 33% market share.

Redburn set a $270 price target for the company in June 2022, as it outlined that the AWS segment is worth $3 trillion on its own. 271 out of 912 hedge funds part of Insider Monkey’s research had bought Amazon.com, Inc. (NASDAQ:AMZN)’s shares in Q1 2022.

Ken Fisher’s Fisher Asset Management is Amazon.com, Inc. (NASDAQ:AMZN)’s largest investor through a $7.7 billion stake that comes via 2.3 million shares.

Disclosure: None. You can also take a look at 10 Cryptocurrencies to Watch Amid Russia’s Attack on Ukraine and 15 Best Warren Buffett Stocks to Buy Now.

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