Data centers
Builds, owns, powers, cools or connects data centers, including firms that rent out AI computing capacity.
Every cloud service and AI model runs in a data center. This theme covers the companies that build, own and run those buildings, supply their power and cooling, connect them to networks, or rent out AI computing capacity inside them.
Companies
46
Core
16
With a moat
59%
Average quality
36
3 wide moat · 24 narrow moat · 19 no moat · Open in screener →
Core The theme describes the company's main business. Partial A meaningful part of the business, but not the main one.
Companies
| Company | Exposure | Industry | Moat | Quality | Market cap |
|---|---|---|---|---|---|
| EQIX EQUINIX INC | Core | Specialty & Diversified REITs | Wide | 56 | $96.3B |
| VRT Vertiv Holdings Co | Core | Electrical Equipment & Power | Narrow | 60 | $79.5B |
| DLR DIGITAL REALTY TRUST, INC. | Core | Specialty & Diversified REITs | Narrow | 49 | $60.8B |
| NBIS Nebius Group N.V. | Core | IT Services & Consulting | None | 26 | $47.0B |
| CRWV CoreWeave, Inc. | Core | IT Services & Consulting | None | 18 | $33.6B |
| STRL STERLING INFRASTRUCTURE, INC. | Core | Construction & Engineering | Narrow | 56 | $13.0B |
| HUT Hut 8 Corp. | Core | Digital Assets & Crypto | None | 23 | $8.4B |
| APLD Applied Digital Corp. | Core | IT Services & Consulting | None | 18 | $5.8B |
| SEI Solaris Energy Infrastructure, Inc. | Core | Oilfield Services & Equipment | Narrow | 42 | $5.0B |
| GDS GDS Holdings Ltd | Core | IT Services & Consulting | Narrow | 32 | $4.4B |
| FRMI Fermi Inc. | Core | Specialty & Diversified REITs | None | 10 | $1.9B |
| VNET VNET Group, Inc. | Core | Software | Narrow | 29 | $1.1B |
| WYFI WhiteFiber, Inc. | Core | IT Services & Consulting | None | 22 | $457M |
| DGXX Digi Power X Inc. | Core | Digital Assets & Crypto | None | 13 | $339M |
| TSSI TSS, Inc. | Core | IT Services & Consulting | None | 33 | $205M |
| SLNH Soluna Holdings, Inc | Core | Digital Assets & Crypto | None | 15 | $144M |
| ETN Eaton Corp plc | Partial | Electrical Equipment & Power | Narrow | 61 | $152.1B |
| CEG Constellation Energy Corp | Partial | Independent Power & Renewables | Wide | 50 | $93.3B |
| AMT AMERICAN TOWER CORP /MA/ | Partial | Specialty & Diversified REITs | Wide | 67 | $85.3B |
| BE Bloom Energy Corp | Partial | Renewable Energy & Clean Tech | Narrow | 30 | $66.9B |
| FIX COMFORT SYSTEMS USA INC | Partial | Construction & Engineering | Narrow | 64 | $51.5B |
| IRM IRON MOUNTAIN INC | Partial | Specialty & Diversified REITs | Narrow | 36 | $33.2B |
| FLEX FLEX LTD. | Partial | Electronic Components & Instruments | Narrow | 46 | $32.4B |
| EME EMCOR Group, Inc. | Partial | Construction & Engineering | Narrow | 59 | $31.6B |
| NVT nVent Electric plc | Partial | Electrical Equipment & Power | Narrow | 53 | $26.3B |
| TLN Talen Energy Corp | Partial | Independent Power & Renewables | Narrow | 31 | $16.8B |
| WCC WESCO INTERNATIONAL INC | Partial | Distributors & Equipment Rental | Narrow | 40 | $16.7B |
| BIP Brookfield Infrastructure Partners L.P. | Partial | Electric & Multi-Utilities | Narrow | 46 | $16.6B |
| IREN IREN Ltd | Partial | Digital Assets & Crypto | None | 17 | $13.9B |
| MOD MODINE MANUFACTURING CO | Partial | Building Products | Narrow | 48 | $7.9B |
| AAON AAON, INC. | Partial | Building Products | Narrow | 48 | $6.2B |
| GLXY Galaxy Digital Inc. | Partial | Digital Assets & Crypto | None | 15 | $6.1B |
| CWEN Clearway Energy, Inc. | Partial | Independent Power & Renewables | Narrow | 49 | $6.1B |
| WULF TERAWULF INC. | Partial | Digital Assets & Crypto | None | 15 | $6.0B |
| ECG Everus Construction Group, Inc. | Partial | Construction & Engineering | Narrow | 51 | $5.5B |
| IESC IES Holdings, Inc. | Partial | Construction & Engineering | Narrow | 60 | $5.0B |
| BEPC Brookfield Renewable Corp | Partial | Electric & Multi-Utilities | Narrow | 23 | $4.9B |
| LGN Legence Corp. | Partial | Construction & Engineering | Narrow | 36 | $4.8B |
| CORZ Core Scientific, Inc./tx | Partial | Digital Assets & Crypto | None | 14 | $4.4B |
| BTDR Bitdeer Technologies Group | Partial | Digital Assets & Crypto | None | 8 | $2.7B |
| BIPC Brookfield Infrastructure Corp | Partial | Gas & Water Utilities | Narrow | 51 | $1.7B |
| HIVE HIVE Digital Technologies Ltd. | Partial | Digital Assets & Crypto | None | 25 | $1.6B |
| PSIX POWER SOLUTIONS INTERNATIONAL, INC. | Partial | Electrical Equipment & Power | None | 42 | $1.1B |
| SIFY SIFY TECHNOLOGIES LTD | Partial | Telecom & Cable | None | 27 | $837M |
| BTBT Bit Digital, Inc | Partial | Digital Assets & Crypto | None | 17 | $328M |
| GPUS Hyperscale Data, Inc. | Partial | Digital Assets & Crypto | None | 13 | $99M |
46 companies.
Price versus fair value for every company is in the screener.