15 Best Data Center Stocks to Buy Now

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11. Super Micro Computer Inc. (NASDAQ:SMCI)

Market Cap: $27.4 Billion

Number of Hedge Fund Holders: 40

Super Micro Computer Inc. (NASDAQ:SMCI) is one of the best data center stocks to buy now. On August 11, the company presented at the KeyBanc Capital Markets Technology Leadership Forum, where Michael Stager, SVP of Corporate Development, discussed SuperMicro’s market position and growth targets.

Stager highlighted that the company has expanded its share from 3.5% in 2021 to 22% today and now targets about one-third of the market by fiscal 2026. Revenue is projected to exceed $33 billion that year, implying growth of more than 50% from current levels, with gross margins expected in the 15–17% range.

Stager also pointed to sovereign cloud as a key growth area, citing a potential $20 billion opportunity linked to Databol. Alongside this, the company intends to add two to four large-scale customers by 2026 to strengthen its revenue base.

On the analyst activity side, on August 6, JP Morgan’s Samik Chatterjee trimmed his price target on Super Micro to $45 from $46 while keeping a Neutral rating. The adjustment came after the company’s fiscal Q4 results, which fell short of expectations.

According to Chatterjee, the shortfall was driven by tighter capital availability and hesitation from customers, both of which slowed order activity. He also noted that the quarter reflected a broader issue for Super Micro, which is that execution continues to lag the goals set by management.

Super Micro Computer Inc. (NASDAQ:SMCI) designs and builds high-performance server and storage systems used by cloud providers, enterprises, OEMs, and large data centers, as well as in telecom and edge computing.

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