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American Tower’s CoreSite Begins Construction on New 180,000 Sq Ft DE3 Data Center in Denver

American Tower (NYSE:AMT) is one of the best infrastructure stocks to buy with huge upside. On October 6, CoreSite, which is an American Tower company that offers interconnected data center solutions, celebrated a major construction milestone for its new DE3 data center in Denver. The development expands the company’s existing Denver market footprint, which currently includes two facilities downtown: DE1 at 910 15th Street, which is the recently purchased Denver Gas and Electric Building and is one of the most interconnected buildings in the Rocky Mountain Region, and DE2 at 639 E. 18th Ave.

The DE3 data center is the first purpose-built colocation data center to be constructed in Denver in the last two decades. It will be a 180,000-square-foot facility built to meet the demand for high-density, high-performance compute environments that power AI, cloud, and other mission-critical workloads.

The facility will be linked to the existing DE1 and DE2 data centers via high-count dark fiber. Once the Denver data center campus expansion is completed, it will deliver approximately 600,000 square feet with 60 critical megawatts of power. The DE3 data center is targeted for availability in 2026.

American Tower (NYSE:AMT) is one of the largest global REITs and is an independent owner, operator, and developer of multitenant communications real estate with a portfolio of ~150,000 communications sites and an interconnected footprint of US data center facilities.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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