5 Best Data Center Stocks to Buy Right Now

2. WhiteFiber Inc. (NASDAQ:WYFI)

Stock Upside Potential: 84.48%

Number of Hedge Fund Holders: 9

WhiteFiber Inc. (NASDAQ:WYFI) is one of the best data center stocks to buy right now. On April 10, BTIG initiated coverage of WhiteFiber Inc. (NASDAQ:WYFI) with a Buy rating and a $20 price target. The positive stance comes as the company increasingly provides data center infrastructure through its colocation and cloud services business.

According to BTIG, White Fiber’s power infrastructure is well-positioned to benefit from tightening market conditions. The remarks coincide with the company’s impressive 65% revenue growth over the past year, backed by a solid 88.6% gross profit margin . The impressive financial performance stems from the company boasting about 40 megawatts of contracted colocation capacity at its North Carolina site with Nscale.

WhiteFiber is on course to bring an additional 59 megawatts of uncontracted capacity at the North Carolina site online in the second half of 2027. The company already boasts of 108 megawatts of contracted colocation capacity and 6 megawatts of Cloud Services capacity.

WhiteFiber Inc. (NASDAQ:WYFI) operates specialized, high-density data centers designed for AI/ML and High-Performance Computing (HPC) workloads. They offer colocation, tailored racks, and infrastructure supporting up to 150 kW per cabinet, featuring direct liquid cooling, 2N power redundancy, and high-speed network connectivity to meet the most demanding AI power needs.