Top 10 U.S. data centre stocks to watch in 2026

Data centres are large-scale facilities that house the servers, networking hardware and cooling systems underpinning cloud computing and AI workloads. The ten stocks here cut across technology, real estate and industrials – NVIDIA Corporation ($NVDA) sits alongside REIT-structured facility operators like Equinix, Inc. ($EQIX) and infrastructure equipment maker Vertiv Holdings Co. ($VRT).

How we built this list: We selected these companies based on their industry and ordered them by market capitalisation. Prices are updated daily, and the list and supporting content are reviewed roughly every quarter. All data is sourced from Stake. This list isn't a recommendation and isn't ordered by suitability.

Past performance is not a reliable indicator of future performance.

Source: Stake market data. Figures in US$. Data updated as of 3 August 2026.

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1. NVIDIA ($NVDA)

NVIDIA (NVDA) share price over the last year: started at US$180.00, ended at US$206.64, a change of +14.8%. Range over the period: high US$235.74, low US$165.17. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$206.64 · Daily: 2.9% · Market cap: US$5.00T · Sector: Technology · Industry: Semiconductors

NVIDIA Corporation ($NVDA) designs the chips and software infrastructure behind AI computing, with a particular concentration in data centres. Its Compute & Networking segment covers accelerated computing platforms, networking hardware, AI software and automotive solutions. A separate Graphics segment makes GeForce GPUs for gaming and Quadro/NVIDIA RTX cards for professional workstations.

Running across all of $NVDA's hardware is CUDA, the company's foundational development platform, with hundreds of specialised libraries and developer tools built on top. CEO Jensen Huang leads a company of 42,000 employees, addressing four end markets: Data Center, Gaming, Professional Visualization and Automotive.

2. Microsoft ($MSFT)

Microsoft (MSFT) share price over the last year: started at US$535.64, ended at US$487.65, a change of −9.0%. Range over the period: high US$542.07, low US$352.83. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$487.65 · Daily: 4.9% · Market cap: US$3.62T · Sector: Technology · Industry: Software & IT

Microsoft Corporation ($MSFT) builds and runs software, cloud services and devices across three business segments. The Intelligent Cloud segment – covering Azure, SQL Server, Windows Server, GitHub and Nuance – is the part most directly connected to data centre infrastructure. Delivering cloud computing to enterprises requires physical server facilities, and that's where Azure sits within the broader $MSFT business.

The Productivity and Business Processes segment covers Office, LinkedIn and Dynamics business tools. More Personal Computing covers Windows, gaming and search advertising. Satya Nadella serves as CEO, and $MSFT employs 223,000 people.

3. Broadcom ($AVGO)

Broadcom (AVGO) share price over the last year: started at US$297.72, ended at US$392.23, a change of +31.7%. Range over the period: high US$481.57, low US$289.60. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$392.23 · Daily: 0.8% · Market cap: US$1.87T · Sector: Technology · Industry: Semiconductors

Broadcom Inc. ($AVGO) runs two distinct businesses under one roof: semiconductors and enterprise software. On the chip side, $AVGO designs components for wireless connectivity, radio frequency applications and custom mobile hardware. The software side covers a broad range of tools that help businesses manage and secure applications across mainframe, cloud and distributed environments.

Chief executive Hock Tan has built the company to 33,000 employees, with the semiconductor and infrastructure software segments operating largely independently of each other.

4. Oracle ($ORCL)

Oracle (ORCL) share price over the last year: started at US$252.53, ended at US$141.85, a change of −43.8%. Range over the period: high US$328.33, low US$114.99. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$141.85 · Daily: 9.2% · Market cap: US$408.59B · Sector: Technology · Industry: Software & IT

Oracle Corporation ($ORCL) builds and runs the Oracle Cloud, an integrated platform that bundles enterprise applications with the infrastructure they sit on. The company calls that infrastructure autonomous – meaning it's designed to handle routine database management tasks without manual intervention.

$ORCL also sells and supports physical hardware, including engineered systems, servers and storage, for organisations running workloads on their own premises rather than in the cloud. Alongside that, a services arm helps customers implement and maintain Oracle technologies. Across those three lines of business, the company employs 141,000 people globally.

5. Equinix ($EQIX)

Equinix (EQIX) share price over the last year: started at US$778.39, ended at US$1,031.44, a change of +32.5%. Range over the period: high US$1,115.94, low US$726.09. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$1,031.44 · Daily: 1.2% · Market cap: US$101.77B · Sector: Real Estate · Industry: REITs

Equinix, Inc. ($EQIX) runs a global network of data centres under two formats: International Business Exchange facilities, which house colocated customer infrastructure, and xScale centres built for hyperscale cloud workloads. Its footprint covers the Americas, Asia-Pacific, and EMEA regions.

What sets $EQIX apart from a simple landlord model is the interconnection layer. Through products like Equinix Fabric and Fiber Connect, it lets businesses link directly to other tenants, cloud providers and networks without traffic leaving the building. That connectivity sits alongside management tools – Equinix SmartView gives customers real-time visibility into their own deployments, while Smart Hands and Managed Solutions cover on-site support.

Classified as a real estate investment trust (REIT), $EQIX is structured to distribute most of its taxable income. CEO Adaire Fox-Martin leads a workforce of 13,716 people across the company's global operations.

6. Vertiv Holdg ($VRT)

Vertiv Holdg (VRT) share price over the last year: started at US$140.20, ended at US$263.05, a change of +87.6%. Range over the period: high US$376.23, low US$121.82. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$263.05 · Daily: 8.9% · Market cap: US$101.27B · Sector: Industrials · Industry: Machinery & Vehicles

The hardware that keeps data centres running – power systems, cooling units and the racks that house the servers – is what Vertiv Holdings Co. ($VRT) designs, manufactures and services. Its catalogue covers AC and DC power management, both air-cooled and liquid-cooled thermal management, uninterruptible power supplies (UPS) and software for monitoring digital infrastructure remotely.

The company employs 34,000 people across three geographic segments: the Americas, Asia Pacific, and Europe, Middle East & Africa. Under CEO Gio Albertazzi, $VRT also runs a services arm covering preventative maintenance, engineering consulting and spare parts.

7. American Tower ($AMT)

American Tower (AMT) share price over the last year: started at US$212.98, ended at US$173.00, a change of −18.8%. Range over the period: high US$212.98, low US$162.11. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$173.00 · Daily: -0.2% · Market cap: US$80.61B · Sector: Real Estate · Industry: REITs

American Tower Corporation ($AMT) is structured as a real estate investment trust (REIT) whose core business is owning and leasing space on nearly 150,000 multitenant communications sites. Its tenants range from wireless service providers and broadcasters to government agencies, spread across property segments covering the U.S. & Canada, Latin America, Europe and Africa & APAC.

Its Data Centers segment covers U.S. facilities $AMT owns and operates, adding a data centre dimension to what is primarily a communications real estate business. CEO Steve Vondran leads the company, which employs around 4,866 people.

8. Digital Realty ($DLR)

Digital Realty (DLR) share price over the last year: started at US$172.91, ended at US$191.22, a change of +10.6%. Range over the period: high US$203.91, low US$147.93. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$191.22 · Daily: 1.4% · Market cap: US$70.76B · Sector: Real Estate · Industry: REITs

Structured as a real estate investment trust, Digital Realty Trust ($DLR) owns and operates the physical buildings that house data centre infrastructure. Its portfolio covers 300+ facilities across 55+ metros in 30+ countries on six continents, with customers across cloud computing, financial services, healthcare and manufacturing. $DLR's PlatformDIGITAL is designed to give those customers a single platform for deploying infrastructure across that global footprint. Andy Power serves as CEO, with 4,282 employees across the company.

9. Iron Mountain ($IRM)

Iron Mountain (IRM) share price over the last year: started at US$94.77, ended at US$124.08, a change of +30.9%. Range over the period: high US$133.06, low US$78.86. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$124.08 · Daily: 1.4% · Market cap: US$36.92B · Sector: Real Estate · Industry: REITs

Iron Mountain Incorporated ($IRM) manages physical documents and digital infrastructure for businesses through two operating segments. Its Global Records and Information Management segment covers document storage, secure shredding, media archives, consumer storage and digital solutions. The Global Data Centre Business provides the physical facilities and capacity that businesses use to house and run their IT systems.

$IRM is structured as a real estate investment trust (REIT) – its real estate sector classification comes from owning and operating the buildings where that work takes place. REITs are generally required to distribute most of their taxable income as dividends. CEO Bill Meaney leads a workforce of 29,400 people across both segments.

10. GDS Holdings ($GDS)

GDS Holdings (GDS) share price over the last year: started at US$34.93, ended at US$32.70, a change of −6.4%. Range over the period: high US$47.52, low US$29.02. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$32.70 · Daily: -0.1% · Market cap: US$6.76B · Sector: Technology · Industry: Software & IT

Built around the development and operation of high-performance data centres, GDS Holdings ($GDS) covers the full lifecycle from site planning through to ongoing facility management. The colocation service gives customers dedicated space, power, racks and cooling inside a $GDS facility. Beyond that, $GDS runs a managed hosting suite covering business continuity and disaster recovery, network management, data storage and system security.

Managed cloud services and consulting sit alongside the core offering. William Huang leads the company, which employs 2,434 people.

Common questions

How to invest in U.S. data centre stocks in Australia?

Every company in this list trades on a U.S. exchange, so you buy them through a share trading platform with U.S. market access. Transactions settle in USD, which means the AUD/USD exchange rate affects the value of any position in Australian dollar terms. You search by ticker through your platform's U.S. market interface and place an order the same way you would for any listed share.

What are the key risks of U.S. data centre stocks?

Currency exposure runs through the whole list – these stocks are priced in USD, so movements in the AUD/USD rate affect returns when measured in Australian dollars. The four REIT names in this list carry interest rate sensitivity, since borrowing costs affect both capital values and expansion plans. Semiconductor companies face demand cycles that can shift earnings sharply. Across the list, these are capital-intensive businesses where a single large customer's spending decisions can move individual company results.

How do the types of companies in this list differ?

The ten stocks cover three distinct roles in the data centre world. $NVDA and $AVGO design the chips that power data centre workloads; $MSFT and $ORCL build the cloud platforms that run on that hardware. The four REIT names – $EQIX, $DLR, $AMT and $IRM – own and lease physical data centre space, operating more like property companies than technology firms. $GDS develops and operates its own facilities in a similar vein, while $VRT makes the cooling and power management hardware that keeps those facilities running.

Disclaimer

Past performance is not a reliable indicator of future performance. When you invest, your capital is at risk. You should consider your own investment objectives, financial situation, and particular needs before making an investment decision. The value of your investments can go down as well as up and you may receive back less than your original investment. As always, do your own research and consider seeking appropriate financial advice before investing.

This is not personal financial advice nor a recommendation to invest in the securities listed. Any advice provided by Stake is of general nature only and does not take into account your specific circumstances. Trading and volume data from the Stake investing platform is for reference purposes only, the investment choices of others may not be appropriate for your needs and is not a reliable indicator of performance.

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