Top 5 Data Center Companies in the USA

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

Number of Hedge Fund Holders: 252

2021 Revenue: $469.822 billion

In addition to its huge e-commerce business, Amazon.com, Inc. (NASDAQ:AMZN) also has the leading cloud business in the world in Amazon Web Services, which has many data centers worldwide. In terms of its financials, Amazon.com, Inc. (NASDAQ:AMZN)’s cloud business is growing quickly and profitable. For Q2 2022, Amazon Web Services grew 33% year over year to $19.74 billion in sales and generated $5.72 billion in operating income.

In the long term, Amazon.com, Inc. (NASDAQ:AMZN)’s earnings could increase if its cloud business continues its fast growth.

On September 29, Ronald Josey of Citi reitered a ‘Buy’ rating and a $185 price target on the stock, citing among other things steady Amazon Web Services growth.

252 hedge funds in our database owned shares of Amazon.com, Inc. (NASDAQ:AMZN) at the end of Q2 2022. Fisher Asset Management owned 48.6 million shares in the second quarter.

You can also take a look at 10 Dow Jones Dividend Stocks With Over 1% Yield and 10 Quality Stocks With Dividend Yields Over 2%.

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