Published on 24 Mar 2024 on Insider Monkey via Yahoo Finance

12 Best Data Center Stocks To Buy According to Analysts

In this piece, we will take a look at the 12 best data center stocks to buy according to analysts. If you want to skip our coverage of the data center industry, which is one of the hottest in the world right now, then you can skip ahead to take a look at the 5 Best Data Center Stocks To Buy According to Analysts.

The stock market of 2024 is vastly different from what investors were expecting at the start of the fourth quarter of 2021. Back then, the Federal Reserve had yet to start to raise interest rates, even though some voices on Wall Street were raising alarm bells about the effects of the monetary policy and stimulus packages in the era of COVID-19 lock downs. High rates naturally do not bode well for high growth sectors, and technology stocks big and small had a rough time on the market the next year particularly as the Russian invasion of Ukraine upended global food and energy markets and spurred multi year high inflation levels which made some question whether consecutive 75 basis point hikes by the Federal Reserve were still a bit low.

Now, with the first quarter of 2024 coming to an end, the stock market is a fundamentally changed environment due to the rise of NVIDIA Corporation (NASDAQ:NVDA). NVIDIA has shown to be the hottest artificial intelligence stock on Wall Street, and at its heart is the multi-billion global data center industry. While most people experience the user side of AI, at its heart, the technology is part of a broader set of data analysis techniques such as machine learning.