Top 5 Data Center Companies in the USA

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

2021 Revenue: $168.088 billion

Although it is better known for producing Windows, Microsoft Corporation (NASDAQ:MSFT) also has a huge cloud business in Azure which includes over 200 physical data centers around the world. Due to its competitiveness, Microsoft Corporation (NASDAQ:MSFT) is the second largest IaaS cloud services provider in the world. If it continues to grow, Microsoft Corporation (NASDAQ:MSFT) could have a very profitable data center business in the future given the economies of scale.

On September 29, Andrew Marok of Raymond James set an ‘Outperform’ rating and $300 price target on the stock, citing among other things, the company’s strong position in the public cloud.

258 hedge funds in our database owned shares of Microsoft Corporation (NASDAQ:MSFT) at the end of the second quarter with TCI Fund Management among the top holders with more than 19.6 million shares.