3 Top Data Center Stocks to Buy Right Now
While global economic growth has slowed in 2022 due to inflation and other macroeconomic factors, one area of the economy in particular is firing on all cylinders: Data centers. These complex pieces of real estate act as the computing units for the internet itself. But as daily use of the world wide web evolves and expands, massive amounts of new data are being created. All of that information needs to be computed, moved around, and stored, and a data center upgrade cycle is underway to facilitate this boom in digital activity.
To that end, three Fool.com contributors plan on buying shares of Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Super Micro Computer (NASDAQ: SMCI), and Digital Realty Trust (NYSE: DLR). Here's why they think these three are top data center stocks to buy right now.
Nicholas Rossolillo (Alphabet): Google parent Alphabet is one of the world's top data center operators. Google owns a few dozen of these massive computing units to run its myriad services, and Google Cloud and other Alphabet companies rent space for its hardware in other data centers located around the globe. Like other internet businesses, Google is in the midst of a big spending uptick on its infrastructure to accommodate more data and more advanced uses of the web.
Source Fool.com
