Data Centers / HPC
Data-center operators, colocation and high-performance-computing hosting.
Leadership as of 2026-10-27: Lagging. Relative to SPY: 5 sessions +0.6pp, 21 sessions −27.0pp, 63 sessions −18.7pp. Participation 6%; 16 of 17 members eligible.
- 21-session excess -27.0pp
- 63-session excess -20.5pp (robust)
Economic family: Computing & Data Center Infrastructure
Member companies
- Nebius Group N.V. (NBIS)
- Equinix, Inc. (EQIX)
- Digital Realty Trust, Inc. (DLR)
- Hut 8 Corp. (HUT)
- RUM Group Inc. (RUM)
- TeraWulf Inc. (WULF)
- CoreWeave, Inc. (CRWV)
- Core Scientific, Inc. (CORZ)
- Galaxy Digital (GLXY)
- IREN Limited (IREN)
- Riot Platforms, Inc. (RIOT)
- Applied Digital Corporation (APLD)
- New Era Energy & Digital, Inc. (NUAI)
- TSS, Inc. (TSSI)
- Bitdeer Technologies Group (BTDR)
- Cipher Digital Inc. (CIFR)
- HIVE Digital Technologies Ltd (HIVE)
Related themes
- Memory / Storage: Weakening — 21-session vs SPY −14.8pp, participation 25%
- AI Infrastructure: Lagging — 21-session vs SPY −13.8pp, participation 13%
- Optical / Photonics: Lagging — 21-session vs SPY −13.8pp, participation 8%
- Quantum Computing: Tracked (too few stocks for a leadership state) — 21-session vs SPY −24.4pp, participation 0%
- Neo Clouds: Exposure tag