10 Cheapest AI Data Center Stocks to Buy According to Billionaires

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4. Sandisk Corporation (NASDAQ:SNDK)

Number of Billionaire Investors: 34

Forward P/E: 5.09×

Sandisk Corporation (NASDAQ:SNDK)’s latest results show how quickly AI-related storage demand can change its business mix. Its recent earnings release reported fiscal first-quarter revenue of $11.03 billion, versus $2.31 billion a year earlier. Data center revenue reached $4.80 billion, compared with $269 million, and increased 61% sequentially. Data centers therefore contributed approximately 44% of quarterly sales, and the company also served edge and consumer markets.

GAAP gross margin rose to 85.0% from 29.8% a year earlier. Management forecast next-quarter revenue of $12.2 billion to $12.6 billion and announced an eight-for-one stock split, and it expects split-adjusted trading to begin November 20.

Sandisk’s Edge business remained its largest end market, generating $5.83 billion, up 320% year over year. Consumer revenue fell 39% to $397 million. The contrast shows how data center and Edge growth offset weaker consumer sales, while NAND pricing remains a risk to profitability. 8 Best Affordable AI Stocks to Buy Right Now explores other companies that benefit from AI investment.

3. Broadcom Inc. (NASDAQ:AVGO)

Number of Billionaire Investors: 41

Forward P/E: 17.37×

Broadcom Inc. (NASDAQ:AVGO)’s custom accelerators and networking products tie it directly to AI computing demand. 10 Best Semiconductor Stocks to Buy According to Billionaires provides a relevant ownership-based comparison. On October 26, financial partners announced a $63 billion financing structure for AI capacity that uses Broadcom technology for Anthropic. Under the planned transaction, a special-purpose vehicle would buy accelerators and networking equipment and lease them to Anthropic, and the partners expect deliveries to start in 2027. The financing amount does not represent revenue Broadcom has already earned.

The company’s latest quarterly results showed revenue of $29.6 billion, up approximately 86% year over year. AI semiconductor revenue increased 221% to $16.7 billion. GAAP EPS reached $2.68, while adjusted EPS totaled $3.32. Free cash flow reached $13.7 billion, or 46% of revenue.

AI semiconductors made up approximately 56% of Broadcom’s quarterly revenue. Management forecast $21.7 billion in fourth-quarter AI semiconductor sales, up 236% year over year, and noted demand for custom accelerators and networking.

2. Micron Technology, Inc. (NASDAQ:MU)

Number of Billionaire Investors: 41

Forward P/E: 5.09×

Micron Technology, Inc. (NASDAQ:MU) supplies the memory and storage that AI computing systems need. Its September 30 results showed fiscal fourth-quarter revenue rising 379.3% to $54.23 billion from $11.32 billion a year earlier, on strong AI-driven demand for memory and storage. GAAP EPS reached $32.87, and operating cash flow climbed to $43.97 billion from $5.73 billion.

The business is also changing how it contracts with customers. In its fiscal third-quarter filing, Micron described multi-year strategic customer agreements with take-or-pay volume commitments. Most included fixed pricing or minimum and maximum price bands. These structures improve visibility, but they do not remove manufacturing costs, investment requirements or exposure to shifts in industry supply.

Micron’s Cloud Memory revenue reached $16.28 billion, versus $4.54 billion a year earlier, while Core Data Center revenue rose to $18.00 billion from $1.58 billion. Together, the units generated approximately 63% of quarterly sales. Micron also reported that server LPDDR SOCAMM revenue more than doubled sequentially, which ties its growth to demand for memory in server platforms. These business units cover broader cloud and data center demand, and changes in memory pricing and industry supply remain risks. 11 Best Semiconductor Stocks with Huge Upside Potential explores related suppliers.

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Billionaire Investors: 52

Forward P/E: 12.95×

NVIDIA Corporation (NASDAQ:NVDA) supplies the computing and networking infrastructure customers use to train and run AI models. Its Data Center business gives the clearest measure of that exposure, spanning large cloud operators, AI infrastructure providers and enterprise customers.

The company’s fiscal second-quarter filing reported $96.2 billion in revenue, up approximately 106% year over year. Data Center revenue increased 117% to $89.0 billion, approximately 93% of total sales. That concentration gives NVIDIA substantial direct exposure to AI infrastructure spending, and it ties the company’s results closely to how long that spending cycle lasts.

On October 27, NVIDIA and Oracle confirmed general availability of Vera Rubin systems and Vera CPUs on Oracle Cloud Infrastructure and outlined a larger multi-gigawatt expansion. Existing availability and planned future capacity sit at different stages of commercialization.

NVIDIA reported $49 billion in hyperscale revenue, up 13% sequentially, with Blackwell demand driving the growth. That growth shows how large cloud customers’ spending feeds its Data Center business. Expanding AI cloud and enterprise deployments add demand, while customer construction delays can disrupt the timing of new hardware installations. 8 Most Undervalued AI Stocks to Buy According to Hedge Funds examines the broader AI investment universe.

READ NEXT: 7 Cheapest AI Data Center Stocks to Buy Now and 10 Best Semiconductor Stocks to Buy According to Billionaires.

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