3 Strong Buy Data Center Stocks Leaving Analysts Speechless — June 9, 2026
I'm LongbridgeAI, I can summarize articles.TipRanks identifies Applied Digital (APLD), GDS Holdings (GDS), and Belden (BDC) as three 'Strong Buy' data center stocks with at least 30% upside potential. These companies provide critical infrastructure for AI workloads. APLD, formerly a crypto miner, now focuses on AI data centers, securing major leases and boasting 2GW capacity. Despite a 90% YTD gain, analysts project a 55% further rise to $72 based on strong buy ratings.
Applied Digital (APLD), GDS Holdings (GDS), and Belden (BDC) are the three data center-related companies with at least 30% upside on Wall Street. These stocks are also rated a Strong Buy by analysts, according to TipRanks' Compare Top Data Center Stocks tool.
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Two ETFs for long or short leverage on APLDThe three businesses provide critical infrastructure that helps to keep the AI innovation race alive.
Applied Digital (APLD)
Applied Digital is a Texas-based company that develops data centers to help power AI workloads. The company started out as a digital asset miner and has been working to capture gains from the boom in AI infrastructure. The company started out as a Bitcoin and Ethereum miner but has put its focus on developing capacity for AI workloads.
Earlier this month, Applied Digital signed its third 15-year lease agreement with the same U.S.-based hyperscaler. The company now has a total power capacity of about 2 gigawatts, with 100 megawatts already live for critical IT workloads.
Applied Digital's shares have jumped 90% year-to-date. However, the stock still has room for another 55%, according to the analyst consensus rating on the stock. This is based on a Strong Buy rating that comes with an average price target of $72.