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Some investors have a negative opinion of this industry, but I think it could go the other way.
Notable short-seller Jim Chanos has called data centers his "big short" idea, especially the big data center real estate investment trusts (REITs) Digital Realty Trust (DLR 5.21%) and Equinix (EQIX 1.79%). However, the recent numbers show that demand is still strong and they could be worth a closer look after all.
*Stock prices used were the afternoon prices of Aug. 7, 2023. The video was published on Aug. 8, 2023.
Matthew Frankel, CFP® has positions in Digital Realty Trust. The Motley Fool has positions in and recommends Digital Realty Trust and Equinix. The Motley Fool has a disclosure policy. Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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