5 Best Data Center Stocks to Buy in July

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1. NVIDIA Corp. (NASDAQ:NVDA)

Market Capitalization: $4.76 trillion

Number of Hedge Fund Holders: 275

NVIDIA Corp. (NASDAQ:NVDA) is one of the 10 Best Data Center Stocks to Buy in July. On July 8, TipRanks reported that Bank of America Securities analyst Vivek Arya reiterated a Buy rating on Nvidia while setting a $350 price target.

Nvidia continues to see strong Buy ratings from analysts, with 94% of 66 analysts compiled by CNN marking the stock Buy. The stock currently has a median price target of $300, a 52.34% upside from the current price of $196.93.

Earlier on July 6, Bloomberg reported that Nvidia emphasized that its roadmap remains intact amid claims that its next-gen AI rack system is delayed. An earlier report by SemiAnalysis alleged that the company’s Kyber NVL144 has been delayed and pushed to 2028 due to difficulties in manufacturing a key circuit board.

In other news, Certara recently announced that it is partnering with Nvidia to advance its open integrated AI platform. The collaboration is aimed at unifying its scientific software, regulatory expertise, and proprietary datasets with AI-first, agentic frameworks.

NVIDIA Corp. (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs), system-on-a-chip units (SoCs), and AI hardware and software. Its GPUs are used in gaming, high-performance computing, AI training, and inference and serve as the backbone of data center infrastructure worldwide.

While we acknowledge the potential of NVDA 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 NVDA and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 10 Best Saas Stocks to Buy According to Reddit and 10 Best AI Chip Stocks to Buy for the Long Term.

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