Motley Fool names Iren and Vertiv as data-center stocks tied to AI demand. Iren delivered the first of four 50-megawatt liquid-cooled units to Microsoft under a five-year, $9.7 billion deal; Vertiv's latest-quarter revenue rose 24% year over year.
Iren says annualized revenue is currently $1 billion, and management guides for $4 billion by the end of 2026. Its pipeline exceeds 5 gigawatts; recent three-year capacity contracts have cleared more than $20 million in revenue per IT megawatt, with current discussions pointing to $25 million. Iren owns its sites, controls power and uses in-house construction teams; its Mirantis acquisition added software capabilities.
Vertiv's management now guides for 20%–22% annualized revenue growth through 2030, up from its previous 12%–14% outlook, and expects adjusted operating margin of at least 27%. The article cites Wall Street's estimate of 38% annual long-term earnings growth and a forward price-to-earnings multiple of about 37 for Vertiv. For Iren, analysts expect $10.7 billion in adjusted operating profit by fiscal 2029; the article puts its enterprise value at about $19 billion.
