Top 5 Data Center Companies in the USA

4. International Business Machines Corporation (NYSE:IBM)

Number of Hedge Fund Holders: 40

2021 Revenue: $57.35 billion

International Business Machines Corporation (NYSE:IBM) is a leading tech company that also has a cloud business. With IBM cloud, the company has more than 46 data centers across 9 regions and 27 availability zones.

Like many other tech companies this year, International Business Machines Corporation (NYSE:IBM) has faced headwinds.

On September 28, David Vogt of UBS cut his price target on International Business Machines Corporation (NYSE:IBM) to $112 from $118 and set a ‘Sell’ rating on shares. Vogt thinks International Business Machines Corporation (NYSE:IBM) faces incremental foreign exchange headwinds relative to mid July and International Business Machines Corporation (NYSE:IBM)’s consulting revenue growth is likely to slow faster thane expectations.

40 hedge funds in our database owned shares of International Business Machines Corporation (NYSE:IBM) at the end of Q2 2022. Arrowstreet Capital was among the top holders with a long position of more than 2.6 million shares.