Investors can consider buying NVIDIA, Vertiv, and Amazon stocks to capitalize on data center growth.

From Nasdaq: 2024-12-05 18:03:00

Artificial intelligence is a hot topic on Wall Street, driving positive market sentiment. NVIDIA’s strong quarterly results showcase the high demand for its AI chips. Investors looking to ride the data center wave can explore stocks like FIX, VRT, and AMZN. Amazon’s AWS dominates the cloud market, with a Zacks Rank #2 and 80% growth year-over-year.

Vertiv, a data center solutions provider, sees rising earnings expectations and a Zacks Rank #1. The company consistently beats EPS estimates and shows strong revenue growth. FIX, offering HVAC services for data centers, holds a Zacks Rank #1 with a bullish outlook for significant year-over-year growth.

NVIDIA continues to impress with robust earnings fueled by AI demand. VRT, FIX, and AMZN stocks offer exposure to the data center sector. Five stocks are predicted to double in value, with previous recommendations soaring up to 673%. These stocks provide an opportunity to capitalize on potential growth in 2024.



Read more at Nasdaq: 3 Stocks to Buy for Data Center Exposure