Story perspectives

Data Center Boom: 21% Growth Fuels Major Companies

8/15/2025

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Summary

Story summary

Applied Digital and Vertiv Holdings are set to benefit from a projected 21% CAGR in global data center capital expenditures through 2029, driven by AI and cloud computing.
Applied Digital's revenue increased 41% year-over-year to $38 million, aided by a $270 million capital raise and a partnership with CoreWeave.
Vertiv's net sales rose 35% to $2.64 billion, with a backlog of $8.5 billion indicating strong future revenue.
Equinix, a data center leasing REIT, has a projected price target of $959.9 per share, suggesting a 23.7% upside.
Increased demand for data centers is anticipated as major tech companies expand domestically, creating more investment opportunities.

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Story summary

Applied Digital and Vertiv Holdings are set to benefit from a projected 21% CAGR in global data center capital expenditures through 2029, driven by AI and cloud computing.
Applied Digital's revenue increased 41% year-over-year to $38 million, aided by a $270 million capital raise and a partnership with CoreWeave.
Vertiv's net sales rose 35% to $2.64 billion, with a backlog of $8.5 billion indicating strong future revenue.
Equinix, a data center leasing REIT, has a projected price target of $959.9 per share, suggesting a 23.7% upside.
Increased demand for data centers is anticipated as major tech companies expand domestically, creating more investment opportunities.