12 Best Data Center Stocks to Buy Right Now

7. NVIDIA Corporation (NASDAQ:NVDA)

Stock Upside Potential: 45.03%

Number of Hedge Fund Holders: 264

NVIDIA Corporation (NASDAQ:NVDA) is one of the best data center stocks to buy right now. The company is pioneering the AI infrastructure, including GPU systems and software that power data centers for inference and training. On April 10, NVIDIA Corporation (NASDAQ:NVDA) highlighted the breakthroughs it is making to bring AI into the physical world.

Its renewed focus is on growing robots with the potential to transform industries from agriculture to manufacturing and energy. At the NVIDIA GTC conference, the company showcased a new wave of technologies that can accelerate the development of AI-powered robots.

NVIDIA Isaac GR00T is one of the open models showcased, designed to enable robots to understand natural-language instructions and perform complex multistep tasks. The company also showcased the NVIDIA Cosmos model for generating synthetic data and training robots at scale.

On the other hand, Nvidia has downplayed reports that it has been in discussions to acquire a large PC manufacturer. SemiAccurate reported that the company has been in discussions that could reshape the PC and server landscape.

NVIDIA Corporation (NASDAQ:NVDA) dominates data centers by providing the accelerated computing infrastructure required for AI, machine learning, and high-performance computing (HPC). It sells GPUs, networking hardware, and software platforms that allow companies to build, train, and deploy massive AI models, essentially turning data centers into AI factories.