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.
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.
4. Nebius Group NV (NASDAQ:NBIS)
Number of Hedge Fund Holders: 54
On May 12, Nebius Group NV (NASDAQ:NBIS) announced that it had begun construction on its flagship AI factory in Independence, Missouri. This marks the firm’s first infrastructure project at the gigawatt scale. It is a 400-acre facility designed to support large-scale AI workloads. This project is an extension of the company’s ambitions to become a leading service provider to companies looking for AI compute capacity.
Prior to the announcement, Tal Liani of Bank of America Securities had reiterated his Buy rating on the stock with a price target of $205. This reflects a 10% upside from the current stock price. The stock is expected to remain volatile, as analyst sentiment for NBIS often operates at the extremes of the spectrum. Notably, Morgan Stanley assigned a $126 price target to the stock on May 5, while Cantor Fitzgerald has a price target of $129, assigned on April 8.
Nebius Group NV (NASDAQ:NBIS) is a technology company that provides infrastructure and services to AI builders worldwide. It offers Nebius AI, an AI-centric cloud platform that provides full-stack infrastructure, including large-scale GPU clusters, cloud services, and developer tools.
3. CoreWeave, Inc. (NASDAQ:CRWV)
Number of Hedge Fund Holders: 58
On May 8, Deutsche Bank raised the price target on CoreWeave, Inc. (NASDAQ:CRWV) to $135 from $125 and maintained a Buy rating on the stock. This reflects an upside of 18% from here on. The upward revision to the price target came after the company announced its Q1 2026 earnings.
The quarterly report came out on May 8. The firm reported revenue of $2.08 billion, which comfortably beat the Wall Street consensus of $1.97 billion. The Earnings per share came in at -$1.12, above the anticipated consensus of -$0.90.
Going forward, CoreWeave, Inc. (NASDAQ:CRWV) expects revenue in the range of $2.45 billion to $2.6 billion in Q2, returning to low double digits by Q4. Operating income is likely to increase from $30 million to $90 million. Even though the company is generating healthy revenue, the profitability remains a question mark. The company’s finances are expected to stay under pressure in the short-term due to the massive spending on AI data centers. This was evident in the quarter in question, with technology and infrastructure costs increasing 127% to $1.27 billion.
CoreWeave Inc. (NASDAQ:CRWV) is a cloud infrastructure technology company in the US. It offers its product, the CoreWeave Cloud platform, which helps businesses manage large-scale AI systems more efficiently. The company also provides services like GPU and CPU computing, data storage, networking, and AI development tools. It was founded in 2017 and is based in Livingston, New Jersey.
2. Core Scientific, Inc. (NASDAQ:CORZ)
Number of Hedge Fund Holders: 76
Core Scientific, Inc. (NASDAQ:CORZ) released its Q1 2026 earnings report on May 8. It reported revenue of $115.2 million, up from $79.5 million year over year. The Bitcoin miner company reported a loss of $347.2 million in Q1, a big drop from $576.3 million in Q1 2025. Following this news, the company’s stock price fell 7% in after-hours trading.
Despite the fall in self-mining revenue to $30.1 million from $67.2 million, the company’s revenue grew due to its colocation services, which generated roughly $77.5 million in Q1 2026, up from $8.6 million in the same period last year. Moreover, Core Scientific, Inc. (NASDAQ:CORZ) is building data centers for AI ahead of schedule to meet high demand, spending more on development across multiple sites to achieve high targets. This ability to invest early and build quickly makes them stand out in the current market.
Core Scientific, Inc. (NASDAQ:CORZ) provides infrastructure and services for AI-related computing workloads. The company offers hosting services to customers involved in cryptocurrency mining and machine learning projects. It was founded in 2017 and is headquartered in Dover, Delaware.
1. Vertiv Holdings Co. (NYSE:VRT)
Number of Hedge Fund Holders: 112
On April 28, Amit Daryanani of Evercore ISI reaffirmed a Buy rating and set a target price of $350 on Vertiv Holdings Co. (NYSE:VRT). This reflects an upside of 5% from here on.
This followed the company’s announcement of its Q1 2026 earnings report on April 22. It reported revenue of $2.649 billion, slightly missing the Wall Street consensus of $2.653 billion. The earnings per share came in at $1.17, which comfortably beat estimates of $1.01.
Going forward, Vertiv Holdings Co. (NYSE:VRT) expects an EPS of $6.35 at the midpoint on net sales of $13.75 billion for the full year. The free cash flow is expected to be $2.2 billion, exactly as the company previously guided. By region, VRT expects organic growth rates of the high 30s in the Americas, mid-20s in APAC, and flat in EMEA. Management reiterated the company’s critical role in data centers, noting its involvement in battery energy storage systems and microgrids.
Vertiv Holdings Co. (NYSE:VRT) is an electrical equipment & parts company that specializes in critical digital infrastructure technologies & life cycle services for data centers and communication networks
While we acknowledge the potential of VRT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VRT and that has 100x upside potential, check out our report about the cheapest AI stock.
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