<p>在过去的一年中，一些顶级人工智能数据中心股票的表现几乎和 GPU 制造商一样火爆。对人工智能计算的需求激增带来了对人工智能芯片的更大需求，进而意味着需要建造更多支持人工智能的数据中心。</p>
<p>事实上，许多投资者已经意识到，数据中心股票是参与人工智能热潮的一种更 “下游” 的方式。</p>
<p>这就是为什么像 <strong>超微电脑</strong>（NASDAQ: <strong>SMCI</strong>）这样的数据中心公司能够在过去一年半内突然崛起。数据中心领域的增长势头非常强劲，要等到 GPU 制造商展现出某种弱点之前，很难准确判断潮水何时会转向。</p>
<p>在本文中，我们将看看三家表现出波动性的数据中心股票，但可能远未到转弯的时候。</p>
<h2><strong>超微电脑 (SMCI)</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：T. Schneider / Shutterstock.com</p>
<p>首先，我们有了伟大的超微电脑，自三月和四月遭受动荡的抛售后，开始显得 “顶部”。在过去两年中翻了好几番（股价在这段时间内上涨了超过 1800%），这样一次两位数百分比的暴跌对于后来者来说肯定是令人震惊的。</p>
<p>但从更宏观的角度来看，这种回调可能更像是一个机会，而不是 “跑下悬崖” 的时刻，特别是一些投资者因为对极端波动的恐惧和担心人工智能需求突然遇到阻碍的潜在熊市情形而出售。</p>
<p>除非你认为人工智能热潮已经过了中期，也许股价图表本身是焦虑的主要来源，因为在这个水平上估值看起来并不过分。随着人工智能需求有望在下半年保持强劲，超微电脑股票可能仍有能力从一个多月的痛苦价格波动中恢复过来。</p>
<p>展望未来，期待超微电脑加倍努力突出自己的优势。无论是采用液冷技术来降低高温的 GPU 还是超微电脑的 “模块化” 服务器设计，这家数据中心公司似乎拥有非常宽阔的护城河。</p>
<h2><strong>Vertiv (VRT)</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：Casimiro PT / Shutterstock.com</p>
<p><strong>Vertiv</strong> (NYSE: <strong>VRT</strong>) 是另一个数字基础设施投资，就像超微电脑一样，一直处于火爆状态。</p>
<p>截至目前，VRT 股票的表现并不像 SMCI 那样火爆，涨幅仅超过 100%，而 SMCI 股票的涨幅接近 200%。尽管在表现上落后于超微电脑，但 Vertiv 的前瞻市盈率（P/E）为 38.1 倍，远高于超微电脑的 22.9 倍。</p>
<p>Vertiv 有望从与超微电脑相同的人工智能助推下受益，但由于其业务多样化，远远超出数据中心范围，Vertiv 可能更能够在面对中期人工智能芯片需求减弱时自持一席之地，这种情况迟早会发生。</p>
<p>此外，根据 Oppenheimer 的分析师，热管理是一个突出的竞争优势。如果您寻求多样化和人工智能数据中心的增长，或许支付 VRT 股票的溢价是值得的。</p>
<h2><strong>Oracle (ORCL)</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>来源：Jonathan Weiss / Shutterstock.com</p>
<p><strong>Oracle</strong> (NASDAQ: <strong>ORCL</strong>) 是一家规模庞大的科技巨头，在数据中心扩张方面一直 “加速”。据报道，该公司正在全球建造 100 个新数据中心，同时扩建 66 个现有数据中心。作为一家市值达到 3830 亿美元且财力雄厚的公司，Oracle 有财务实力深度参与这场人工智能热潮。</p>
<p>更有趣的是，该公司还有能力在 2025 年之前用 100% 的可再生能源为其所有数据中心供电。这是一个非常令人印象深刻的可再生能源承诺，也是一个可以帮助它脱颖而出的优势。事实上，如果有一家公司能够实现这一雄心勃勃的目标，那就是 Oracle。</p>
<p>结合 Oracle 的云和人工智能技术人才，Oracle 可能是长期参与数据中心热潮的顶级蓝筹方式。以 22.2 倍的前瞻市盈率来看，ORCL 股票肯定是看起来最便宜的之一。</p>
<p>_在发布日期，Joey Frenette 没有持有（直接或间接）本文提到的证券中的任何头寸。本文中表达的观点属于作者本人，遵守 InvestorPlace.com 发布指南。</p>
<p>Joey Frenette 是一位经验丰富的投资作家，专门研究技术和消费类股票。为 Motley Fool Canada、TipRanks 和 Barchart 做出贡献，Joey 擅长发现市场快节奏环境中具有长期增长潜力的被错定定价的股票。</p>

甲骨文

超微电脑

<p>一些顶尖的人工智能数据中心股票由于人工智能计算和芯片需求增加而经历了显著增长。超微电脑、Vertiv 和 Oracle 是三家表现良好的数据中心公司。超微电脑有潜力从最近的回调中恢复，而 Vertiv 提供多样化和强大的热管理能力。Oracle 正在扩大其数据中心业务，并计划用 100% 可再生能源为其设施供电。这些公司正在受益于人工智能热潮，并展现出未来增长的潜力</p>

<p>Over the past year, some of the top AI data center stocks have been about as hot as the GPU makers themselves. Booming demand for AI computing brings forth greater demand for AI chips, which, in turn, means more AI-ready data centers are going to need to be constructed.</p>
<div class="lb-trans"><p>在过去的一年中，一些顶级人工智能数据中心股票的表现几乎和 GPU 制造商一样火爆。对人工智能计算的需求激增带来了对人工智能芯片的更大需求，进而意味着需要建造更多支持人工智能的数据中心。</p>
</div><p>Indeed, many investors have recognized that data center stocks are a more “downstream” way to play the AI boom.</p>
<div class="lb-trans"><p>事实上，许多投资者已经意识到，数据中心股票是参与人工智能热潮的一种更 “下游” 的方式。</p>
</div><p>That’s why data center companies like <strong>Super Micro Computer</strong>(NASDAQ: <strong>SMCI</strong>) have been able to come from seemingly out of nowhere in just the past year and a half. The growth to be had in the data center plays has been scorching, and it’s really tough to tell when the tides will reverse until the GPU makers themselves exhibit some form of weakness.</p>
<div class="lb-trans"><p>这就是为什么像 <strong>超微电脑</strong>（NASDAQ: <strong>SMCI</strong>）这样的数据中心公司能够在过去一年半内突然崛起。数据中心领域的增长势头非常强劲，要等到 GPU 制造商展现出某种弱点之前，很难准确判断潮水何时会转向。</p>
</div><p>In this piece, we’ll check out three data center stocks that have been exhibiting volatility but may be far from rolling over.</p>
<div class="lb-trans"><p>在本文中，我们将看看三家表现出波动性的数据中心股票，但可能远未到转弯的时候。</p>
</div><h2><strong>Super Micro Computer (SMCI)</strong></h2>
<div class="lb-trans"><h2><strong>超微电脑 (SMCI)</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: T. Schneider / Shutterstock.com</p>
<div class="lb-trans"><p>来源：T. Schneider / Shutterstock.com</p>
</div><p>First, we have the great Super Micro Computer, which began looking “toppy” after the rocky sell-off it suffered back in March and April. After doubling up many times over in the past two years (shares up over 1,800% in that span), such a double-digit percentage plunge is surely startling for latecomers to SMCI stock.</p>
<div class="lb-trans"><p>首先，我们有了伟大的超微电脑，自三月和四月遭受动荡的抛售后，开始显得 “顶部”。在过去两年中翻了好几番（股价在这段时间内上涨了超过 1800%），这样一次两位数百分比的暴跌对于后来者来说肯定是令人震惊的。</p>
</div><p>In the grander scheme of things, though, this pullback may be more of an opportunity than a “run off the cliff” moment, especially as some investors sell over the fear of sheer volatility and the potential bear-case scenario downside if AI demand were suddenly to run into a wall.</p>
<div class="lb-trans"><p>但从更宏观的角度来看，这种回调可能更像是一个机会，而不是 “跑下悬崖” 的时刻，特别是一些投资者因为对极端波动的恐惧和担心人工智能需求突然遇到阻碍的潜在熊市情形而出售。</p>
</div><p>Unless you believe the AI boom is well past mid-cycle, perhaps the stock chart itself is the primary source of anxiety because the valuation does not look all too outlandish at these levels. With the potential for AI demand to stay strong in the second half, SMCI stock may still have what it takes to recover from a multi-month period of painful price action.</p>
<div class="lb-trans"><p>除非你认为人工智能热潮已经过了中期，也许股价图表本身是焦虑的主要来源，因为在这个水平上估值看起来并不过分。随着人工智能需求有望在下半年保持强劲，超微电脑股票可能仍有能力从一个多月的痛苦价格波动中恢复过来。</p>
</div><p>Looking ahead, expect Super Micro to double down on what differentiates itself from the pack. Whether it’s the liquid cooling tech to take the heat off blistering-hot GPUs or the Super Micro’s “building block” architecture of designing servers, the data center firm seems to have a moat that’s quite wide.</p>
<div class="lb-trans"><p>展望未来，期待超微电脑加倍努力突出自己的优势。无论是采用液冷技术来降低高温的 GPU 还是超微电脑的 “模块化” 服务器设计，这家数据中心公司似乎拥有非常宽阔的护城河。</p>
</div><h2><strong>Vertiv (VRT)</strong></h2>
<div class="lb-trans"><h2><strong>Vertiv (VRT)</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Casimiro PT / Shutterstock.com</p>
<div class="lb-trans"><p>来源：Casimiro PT / Shutterstock.com</p>
</div><p><strong>Vertiv</strong> (NYSE: <strong>VRT</strong>) is another digital infrastructure play that’s been on a blistering run, just like Super Micro.</p>
<div class="lb-trans"><p><strong>Vertiv</strong> (NYSE: <strong>VRT</strong>) 是另一个数字基础设施投资，就像超微电脑一样，一直处于火爆状态。</p>
</div><p>Year to date, VRT stock hasn’t been nearly as hot as SMCI, up just over 100% versus SMCI stock’s nearly 200% gain. Despite trailing Super Micro in performance, Vertiv still looks considerably more expensive at 38.1 times forward price-to-earnings (P/E) versus 22.9 times for Super Micro.</p>
<div class="lb-trans"><p>截至目前，VRT 股票的表现并不像 SMCI 那样火爆，涨幅仅超过 100%，而 SMCI 股票的涨幅接近 200%。尽管在表现上落后于超微电脑，但 Vertiv 的前瞻市盈率（P/E）为 38.1 倍，远高于超微电脑的 22.9 倍。</p>
</div><p>Vertiv stands to benefit from the same AI tailwinds as Super Micro Computer, but with a more diversified business that spans well beyond the data center, Vertiv may be better able to hold its own in the face of a mid-cycle AI chip demand cool-off, which will happen at some point.</p>
<div class="lb-trans"><p>Vertiv 有望从与超微电脑相同的人工智能助推下受益，但由于其业务多样化，远远超出数据中心范围，Vertiv 可能更能够在面对中期人工智能芯片需求减弱时自持一席之地，这种情况迟早会发生。</p>
</div><p>Additionally, thermal management stands out as a competitive differentiator, according to analysts over at Oppenheimer. If you seek diversification and AI data center upside, perhaps the premium on VRT stock is worth paying.</p>
<div class="lb-trans"><p>此外，根据 Oppenheimer 的分析师，热管理是一个突出的竞争优势。如果您寻求多样化和人工智能数据中心的增长，或许支付 VRT 股票的溢价是值得的。</p>
</div><h2><strong>Oracle (ORCL)</strong></h2>
<div class="lb-trans"><h2><strong>Oracle (ORCL)</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif" alt="" original-src="https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif"/></p>
<p>Source: Jonathan Weiss / Shutterstock.com</p>
<div class="lb-trans"><p>来源：Jonathan Weiss / Shutterstock.com</p>
</div><p><strong>Oracle</strong> (NASDAQ: <strong>ORCL</strong>) is a sizeable tech juggernaut that has been “flooring it” when it comes to data center expansion. The company is reportedly constructing 100 new data centers worldwide while expanding upon 66 existing ones. As a large $383 billion company with deep pockets, Oracle has the financial firepower to make a really deep dive into this AI boom.</p>
<div class="lb-trans"><p><strong>Oracle</strong> (NASDAQ: <strong>ORCL</strong>) 是一家规模庞大的科技巨头，在数据中心扩张方面一直 “加速”。据报道，该公司正在全球建造 100 个新数据中心，同时扩建 66 个现有数据中心。作为一家市值达到 3830 亿美元且财力雄厚的公司，Oracle 有财务实力深度参与这场人工智能热潮。</p>
</div><p>More intriguingly, the company also has what it takes to power all of its data centers with 100% renewable sources of energy by 2025. That’s a seriously impressive renewable energy promise and one that could help separate it from the pack. Indeed, if there’s a firm that could hit the ambitious target, it’s Oracle.</p>
<div class="lb-trans"><p>更有趣的是，该公司还有能力在 2025 年之前用 100% 的可再生能源为其所有数据中心供电。这是一个非常令人印象深刻的可再生能源承诺，也是一个可以帮助它脱颖而出的优势。事实上，如果有一家公司能够实现这一雄心勃勃的目标，那就是 Oracle。</p>
</div><p>Combined with Oracle’s cloud and AI tech talent and Oracle may be the top blue-chip way to play the data center boom for the long term. At 22.2 times forward P/E, ORCL stock certainly looks like one of the cheapest of the pack.</p>
<div class="lb-trans"><p>结合 Oracle 的云和人工智能技术人才，Oracle 可能是长期参与数据中心热潮的顶级蓝筹方式。以 22.2 倍的前瞻市盈率来看，ORCL 股票肯定是看起来最便宜的之一。</p>
</div><p><em>On the date of publication, Joey Frenette did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com</em> <em>Publishing Guidelines</em> <em>.</em></p>
<div class="lb-trans"><p>_在发布日期，Joey Frenette 没有持有（直接或间接）本文提到的证券中的任何头寸。本文中表达的观点属于作者本人，遵守 InvestorPlace.com 发布指南。</p>
</div><p>Joey Frenette is a seasoned investment writer specializing in technology and consumer stocks. Contributing to the Motley Fool Canada, TipRanks, and Barchart, Joey excels in spotting mispriced stocks with long-term growth potential in a fast-paced market.</p>
<div class="lb-trans"><p>Joey Frenette 是一位经验丰富的投资作家，专门研究技术和消费类股票。为 Motley Fool Canada、TipRanks 和 Barchart 做出贡献，Joey 擅长发现市场快节奏环境中具有长期增长潜力的被错定定价的股票。</p>
</div>

3 AI Data Center Stocks With Room to Roar

- AI 数据中心股票在过去一年中表现火热，受到 GPU 制造商的热捧。- 随着对 AI 计算的需求增加，对 AI 芯片的需求也在增加，这意味着需要建设更多支持 AI 的数据中心。- 投资者认识到数据中心股票是参与 AI 热潮的一种更 “下游” 的方式。

3 只有望大幅上涨的 AI 数据中心股票