Earnings season for technology stocks like Amazon, Microsoft, and Meta Platforms have highlighted increased data center investments for 2025. The global data center market is forecasted to grow at a CAGR of 11.2% between 2025 and 2030, reaching $652.01 billion by 2030.

Johnson Controls International plc (NYSE: JCI) provides critical cooling and energy systems for modern AI data centers to enhance efficiency. JCI’s stock dropped 7.5% before its earnings report, with a consensus price target of $105.17 and analysts projecting 17% earnings growth in the next 12 months.

American Tower (NYSE: AMT) is investing in edge data centers and fiber interconnection assets to support the infrastructure needs of hyperscalers like Amazon and Microsoft. AMT stock is up 15.7% in 2025 with a dividend yield of 3.21%, and analysts have a consensus price target of $243.88.

Vertiv Holdings Co. (NYSE: VRT) has seen significant gains in the last five years, with its stock close to the consensus price target of $145.54. While short-term valuation concerns exist, long-term demand for Vertiv’s liquid cooling technology remains strong, supported by a recent earnings report delivering beats on top and bottom lines.

Read more at Nasdaq: 3 Stocks Riding the AI Data Center Buildout Wave