Top 10 AI News Updates Investors Should Not Miss

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

Number of Hedge Fund Holders: 52

Digital Realty Trust, Inc. (NYSE:DLR) is a real estate company that brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. It is a leading provider of data centers, colocation, and interconnection solutions. Analysts at Citi reiterated a Buy rating on the stock on February 11th.

According to the analysts, a slowdown in California’s data center construction for artificial intelligence will benefit Digital Realty Trust, Inc. (NYSE:DLR) as it already has facilities in operation. The team believes that these data centers’ pricing, margins, and returns may improve due to a slowdown in new data centers coming online. The remarks come amid growing concerns that wildfires, rate marking, and local opposition pose challenges to California’s growth of data centers. Consequently, it provides an opportunity for players with running data centers to benefit.

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