In this article, we will discuss: 7 Cheapest AI Data Center Stocks to Buy Now.
On March 27, 2026, Reuters reported that as artificial intelligence expands, overburdened U.S. electricity grids force data center operators to reduce power consumption during peak demand. The Electric Power Research Institute reported that data center electricity demand might more than quadruple by the end of the decade, accounting for up to 17% of total U.S. power supply, while PJM Interconnection warned of supply constraints as early as next year. PJM COO Stu Bresler stated that operators must “find a way to manage this flexibly” as the industry responds to increasing demand pressure.
U.S. Energy Secretary Chris Wright stated that utilities must meet rising electricity demand or face serious consequences, and he emphasized grid resilience during peak load periods. One major tech firm inked partnerships with utilities to limit use at certain data centers during stress periods, while the “Semiconductor King” partnered with Emerald AI on a project to shift computing tasks during grid strain. Another major tech firm reportedly joined an industry framework developed by EPRI to promote data center flexibility. The Chief Investment Officer of International Energy at Carlyle, Matt O’Connor, stated that operators are increasingly using “demand response” to reduce energy use.
With that said, here are the 7 Cheapest AI Data Center Stocks to Buy Now.
A rendering of Applied Digital’s Polaris Forge 2 data center. Photo from Applied Digital’s website
Methodology:
We used screeners to identify the 7 Cheapest AI Data Center stocks that are trading below a forward P/E of 15 as of March 24, 2026. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. The final list of 7 Cheapest AI Data Center Stocks is ranked in descending order by forward P/E ratio, that is, from most expensive to cheapest.
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7. NXP Semiconductors N.V. (NASDAQ:NXPI)
Forward P/E: 13.91
On March 17, 2026, NXP Semiconductors N.V. (NASDAQ:NXPI) reported robotics solutions jointly with Nvidia, combining Nvidia Holoscan Sensor Bridge with NXP SoCs for sensor fusion, machine vision, and motor control. The corporation noted savings in component size, footprint, power, and cost savings while focusing on applications in humanoid robotics and physical AI systems. The corporation also outlined its efforts in edge processing, secure networking, and real-time control for robotics systems.
NXP Semiconductors N.V. (NASDAQ:NXPI) reported fourth-quarter revenue of $3.34 billion, up 7% year on year, and full-year revenue of $12.27 billion, a 3% decrease year on year. It posted non-GAAP diluted EPS of $3.35 in the fourth quarter and $11.81 in the full year, with $793 million in non-GAAP free cash flow in the quarter. It also bought back $338 million in shares and paid out $254 million in dividends during the quarter, with an additional $36 million in repurchases conducted after the quarter ended.
NXP Semiconductors N.V. (NASDAQ:NXPI) is a holding company that provides semiconductor solutions. It operates in the following areas: China, the Netherlands, the United States, Singapore, Germany, Japan, South Korea, Malaysia, and other countries.
6. Dell Technologies Inc. (NYSE:DELL)
Forward P/E: 12.61
On March 26, 2026, Evercore ISI analyst Amit Daryanani raised his price objective for Dell Technologies Inc. (NYSE:DELL) to $205 from $160 while maintaining an Outperform rating on the stock. The analyst noted various market drivers, including expectations of increased CPU-driven server demand, investor positioning around anticipated Nvidia supply reallocation following DOJ-related reports on Super Micro, and a divergence between OEM and memory stocks as DRAM and NAND prices fell. He also cited Google’s TurboQuant announcement as a sign of future efficiency advancements that might lower memory intensity in AI workloads and improve cost dynamics for manufacturers.
On March 17, 2026, Reuters reported that Dell Technologies Inc. (NYSE:DELL) reduced its staff by around 10% in fiscal 2026, laying off approximately 11,000 employees and lowering its headcount to around 97,000 from 108,000 the previous year. Severance payments reached $569 million, down from $693 million the previous year, as the corporation limited external hiring to save money. The firm said its AI-optimized server business should double sales in fiscal 2027, and it announced a 20% increase in cash dividends as well as an additional $10 billion share repurchase program.
Dell Technologies Inc. (NYSE:DELL) is a technology company. It offers customers a diverse and innovative solution portfolio to help them modernize their information technology infrastructure, address workforce transformation, and provide critical solutions that keep people and organizations connected.
While we acknowledge the potential of DELL 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 DELL and that has 100x upside potential, check out our report about the cheapest AI stock.
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