Artificial intelligence is gaining momentum on Wall Street, driving market sentiment positive as companies discuss its potential. NVIDIA’s robust quarterly results have fueled this trend, showcasing high demand for its AI chips.
Investors can capitalize on the data center wave by considering these stocks:
Amazon (AMZN) maintains its dominant position in cloud computing through Amazon Web Services (AWS). With an estimated 80% year-over-year growth and a bullish Zacks Rank #2 (Buy), investors can tap into this sector’s potential.
Vertiv VRT provides services for data centers, communication networks, and industrial facilities. Analysts have upgraded earnings expectations due to robust quarterly results, placing the stock in a Zacks Rank #1 (Strong Buy). This company has posted double-digit revenue growth for seven consecutive releases.
Comfort Systems USA FIX offers comprehensive heating, ventilation, and air conditioning services, including critical components found in data centers. The stock boasts a Zacks Rank #1 (Strong Buy), with significant revisions to its earnings expectations and suggesting 60% year-over-year growth.
Source: https://finance.yahoo.com/news/3-stocks-buy-data-center-230300485.html