5 Best Data Center GPU-as-a-Service Stocks To Buy

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In this article, we will list the 5 Best Data Center GPU-as-a-Service Stocks To Buy. Please visit the 7 Best Data Center GPU-as-a-Service Stocks To Buy if you’d like to see an extended list and the methodology behind it.

5. IREN Ltd (NASDAQ:IREN)

Number of Hedge Fund Holders: 46

On May 5, IREN Ltd (NASDAQ:IREN) agreed to acquire Mirantis, a cloud infrastructure and Kubernetes-based orchestration services provider with enterprise support services. The deal was valued at about $625 million. With this acquisition, the company has expanded its portfolio in the AI market, strengthening its capabilities to deploy AI workloads. IREN can now track how well their systems are working to ensure high performance. Moreover, this will help the company in managing customer environments, add technical support, and expand its reach across enterprise and AI native clients.

5 Best Data Center GPU-as-a-Service Stocks To Buy

Photo from IREN website

As AI competition intensifies, IREN Ltd (NASDAQ:IREN) is shifting its focus to become a major AI cloud provider, delivering large-scale data centers and high-performance GPUs necessary for training and running AI models. Moreover, the company said its plan to expand to 480 megawatts is on track. Meanwhile, Q3 revenue missed the Wall Street consensus as the price of bitcoin declined.

IREN Ltd (NASDAQ:IREN) operates in the data center business. The company owns and runs computing hardware, power systems, and data centers. It also mines Bitcoin by operating a peer-to-peer network of computers running Bitcoin software. The company was incorporated in 2018 and is based in Sydney, Australia.

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