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

Data centres are the buildings housing the servers, storage and networking equipment that power cloud computing and AI workloads. The ten companies in this list approach that infrastructure from a few directions: technology companies designing the chips and software that run inside them or running the cloud platforms and facilities that use them, real estate investment trusts (REITs) that own and operate the physical facilities, and Vertiv Holdings ($VRT), an industrial supplier of power and cooling systems.

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 5 October 2026.

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1. NVIDIA ($NVDA)

NVIDIA (NVDA) share price over the last year: started at US$185.54, ended at US$238.90, a change of +28.8%. Range over the period: high US$238.90, low US$165.17. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$238.90 · Daily: 2.1% · Market cap: US$5.64T · Sector: Technology · Industry: Semiconductors

NVIDIA Corporation ($NVDA) designs the chips and software that run modern AI workloads. Its graphics processing units – originally built for rendering game visuals – proved well-suited to the parallel processing that training large AI models requires. The Compute & Networking segment covers $NVDA's data centre products, including accelerated computing platforms, networking hardware and AI software used across cloud infrastructure.

Software is central to what $NVDA sells. CUDA, its foundational development platform, runs across the entire GPU lineup and supports hundreds of domain-specific libraries, frameworks and application programming interfaces (APIs). CEO Jensen Huang leads 42,000 employees, and the company addresses four markets in total: Data Center, Gaming, Professional Visualization and Automotive.

2. Microsoft ($MSFT)

Microsoft (MSFT) share price over the last year: started at US$528.57, ended at US$525.18, a change of −0.6%. 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$525.18 · Daily: 1.5% · Market cap: US$3.84T · Sector: Technology · Industry: Software & IT

Azure is the cloud platform inside Microsoft's ($MSFT) Intelligent Cloud segment, covering cloud and AI consumption-based services alongside GitHub cloud services, health and life sciences cloud services, and on-premises server software like SQL Server and Windows Server. That mix of cloud and traditional enterprise infrastructure puts $MSFT squarely in the data centre conversation – Azure's compute demand is what fills those facilities.

$MSFT's other two segments cover a broader technology footprint. The Productivity and Business Processes segment includes Microsoft 365, LinkedIn and Dynamics products and cloud services. The More Personal Computing segment rounds things out with Windows, Xbox and search advertising. CEO Satya Nadella leads a company of 223,000 employees across all three.

3. Broadcom ($AVGO)

Broadcom (AVGO) share price over the last year: started at US$335.49, ended at US$362.51, a change of +8.1%. Range over the period: high US$481.57, low US$293.41. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$362.51 · Daily: 2.1% · Market cap: US$1.70T · Sector: Technology · Industry: Semiconductors

Broadcom ($AVGO) designs chips used in AI data centres, enterprise servers and networking equipment. The company also develops infrastructure software that helps large organisations manage and secure private cloud, hybrid cloud and edge environments.

Under CEO Hock Tan, $AVGO employs 33,000 people across those two divisions. The semiconductor range extends well beyond data centres – components for wireless devices, broadband access equipment, factory automation systems and electronic displays all sit within the same product portfolio.

4. Oracle ($ORCL)

Oracle (ORCL) share price over the last year: started at US$291.59, ended at US$142.48, a change of −51.1%. Range over the period: high US$313.00, low US$114.99. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$142.48 · Daily: 0.1% · Market cap: US$431.38B · Sector: Technology · Industry: Software & IT

Oracle Corporation ($ORCL) provides enterprise software and cloud infrastructure to large organisations. Its cloud and license business delivers database software, applications and infrastructure technologies through the Oracle Cloud or on-premise deployments. The hardware arm produces Oracle Engineered Systems, servers and storage to support diverse IT environments. $ORCL also runs a services business that helps customers and partners get the most from their Oracle applications and infrastructure.

5. Equinix ($EQIX)

Equinix (EQIX) share price over the last year: started at US$789.84, ended at US$1,023.44, a change of +29.6%. 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$1,023.44 · Daily: -0.2% · Market cap: US$101.21B · Sector: Real Estate · Industry: REITs

Equinix ($EQIX) owns and operates data centres across the Americas, Asia-Pacific and EMEA, structured as a real estate investment trust (REIT). Inside those facilities, businesses can connect directly to one another through $EQIX's interconnection services, which include Equinix Fabric and Fiber Connect. The company also provides remote monitoring through Equinix SmartView and on-site technical support through Smart Hands. CEO Adaire Fox-Martin oversees a global workforce of 13,716 people across those facilities.

6. Vertiv Holdings ($VRT)

Vertiv Holdings (VRT) share price over the last year: started at US$162.80, ended at US$253.62, a change of +55.8%. Range over the period: high US$376.23, low US$149.83. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$253.62 · Daily: 0.6% · Market cap: US$97.09B · Sector: Industrials · Industry: Machinery & Vehicles

Vertiv Holdings ($VRT) makes the hardware that keeps data centres powered and at the right temperature. Its products include AC (alternating current) and DC (direct current) power management systems, liquid and air cooling equipment, switchgear, uninterruptible power supplies and energy storage solutions. The company also runs a services arm covering preventative maintenance, remote monitoring and engineering consulting. CEO Gio Albertazzi leads around 34,000 employees across three segments: the Americas, Asia Pacific, and Europe, Middle East & Africa.

7. American Tower ($AMT)

American Tower (AMT) share price over the last year: started at US$185.57, ended at US$162.26, a change of −12.6%. Range over the period: high US$194.12, low US$161.06. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$162.26 · Daily: 0.04% · Market cap: US$75.58B · Sector: Real Estate · Industry: REITs

American Tower Corporation ($AMT) is a real estate investment trust built around leasing space on communications towers – over 148,000 sites globally – to wireless carriers, broadcasters, government agencies and data providers. Its Data Centers segment owns and operates a network of interconnected data centre facilities across the United States, which is the part of the business that earns its place in this article's context.

The company's portfolio also covers property across the U.S. and Canada, Africa, Asia-Pacific, Europe and Latin America, making its communications infrastructure footprint genuinely global. CEO Steve Vondran leads a team of 4,866 employees across these segments, including a Services arm that handles tower-related construction and structural analysis in the U.S..

8. Digital Realty ($DLR)

Digital Realty (DLR) share price over the last year: started at US$176.96, ended at US$179.87, a change of +1.6%. 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$179.87 · Daily: 0.7% · Market cap: US$66.24B · Sector: Real Estate · Industry: REITs

Digital Realty Trust ($DLR) is a real estate investment trust that owns, develops, and operates data centres for cloud providers, financial services firms, healthcare companies, and a range of other industries. Its global footprint covers 300+ facilities across 55+ metros in 30+ countries on six continents.

The company's PlatformDIGITAL is designed to let organisations deploy infrastructure across those locations through a single provider, rather than piecing together separate arrangements in each market. CEO Andy Power leads a team of 4,282 people to run that footprint.

9. Iron Mountain ($IRM)

Iron Mountain (IRM) share price over the last year: started at US$106.37, ended at US$112.33, a change of +5.6%. 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$112.33 · Daily: -0.9% · Market cap: US$33.76B · Sector: Real Estate · Industry: REITs

Iron Mountain Incorporated ($IRM) built its business around physical record storage – documents, media archives and secure shredding – and has since expanded into data centre infrastructure as a second business line. Its Global Data Center segment provides physical facilities designed to house clients' IT equipment and keep operations running continuously. Data management, digital transformation services and consumer storage round out the records side of the business.

As a REIT, $IRM is required to distribute most of its taxable income as dividends. CEO Bill Meaney leads a team of 29,400 people across the two segments.

10. GDS Holdings Limited ($GDS)

GDS Holdings Limited (GDS) share price over the last year: started at US$39.66, ended at US$29.29, a change of −26.1%. Range over the period: high US$47.52, low US$27.57. Source: Stake market data. Past performance is not a reliable indicator of future performance.

Price: US$29.29 · Daily: 6.2% · Market cap: US$5.93B · Sector: Technology · Industry: Software & IT

The physical layer of the data centre industry is where GDS Holdings Limited ($GDS) operates – the company builds and runs high-performance facilities rather than designing chips or writing software. Its core offering is colocation: providing rack space, power capacity and cooling infrastructure to customers who want to house their own equipment in a professionally managed environment.

GDS Holdings ($GDS) also offers managed hosting services that extend well beyond the physical space. These cover data storage, network management, system security and business continuity, allowing customers to outsource much of the day-to-day running of their IT infrastructure. Consulting is available too, for customers in the planning stages of their setup.

The company employs 2,434 people and is led by CEO William Huang.

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Common questions

How do I invest in U.S. data centre stocks in New Zealand?

Every company in this list trades on a U.S. exchange, so you'd access them through a share trading platform that offers U.S. market access. You search by ticker, place an order in USD, and the shares settle in your brokerage account. Some platforms also allow fractional share purchases, where you buy a dollar amount rather than a whole share.

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

Some of the key risks include technology shifts that can make existing hardware or facilities less relevant, the capital intensity of building and maintaining data centre infrastructure, and changes in large enterprise or cloud customers' spending plans. The REITs in this list carry additional interest rate sensitivity, as they are real estate businesses funded partly by debt. NZD/USD exchange rate movements affect both what you pay to buy these stocks and what any sale proceeds are worth in New Zealand dollars.

What types of businesses appear in a data centre stocks list?

The companies here sit across three sectors, each connected to data centre infrastructure in a different way. Some technology companies design the chips or run the cloud platforms that operate within data centres; others develop and operate data centre facilities directly. The four REITs own and lease physical facilities, generating income from the businesses that house servers there. Vertiv occupies a different position – it makes the power management and cooling equipment that data centres depend on to function.

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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