Goldman Sachs’ 35 AI Superstars

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34. Iron Mountain Incorporated (NYSE:IRM)

Number of Hedge Fund Holders: 30

Iron Mountain Incorporated (NYSE:IRM) is a real estate investment trust that focuses on storage and information management services. Last year, Iron Mountain launched the AI-powered InSight Digital Experience Platform (DXP), designed to automate workflows, ensure compliance, and transform unstructured data into actionable insights. This platform enhances operational efficiency and data management for clients, positioning Iron Mountain as a leader in AI-driven information management. In Q3 2024, Iron Mountain reported total revenues of $1.6 billion, marking a 12.2% increase compared to the same period in 2023. During Q2 2024, the company achieved revenues of $1.53 billion, surpassing analyst expectations of $1.51 billion. The storage rental segment, which constitutes a significant portion of Iron Mountain’s revenue, experienced an 11% growth, reaching $920 million. This growth was largely attributed to heightened demand for data storage solutions amid increasing AI workloads and cloud migration.

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