tech
December 24, 2025
These 5 infrastructure stocks have more than tripled this year on the AI trade
While Nvidia has been the biggest infrastructure winner during the AI boom, other data center stocks have performed better this year.
TL;DR
- Several data center stock companies, including Lumentum, Celestica, Western Digital, Seagate, and Micron, saw steeper rallies in 2025 than Nvidia.
- These companies provide essential components for fully operational data centers beyond AI chips, such as memory, storage, fiber-optic cables, and central processors.
- Lumentum's stock price jumped 372% as its optical laser-based parts are crucial for fiber-optic cables needed in AI servers and data center interconnections.
- Western Digital and Seagate, major hard drive manufacturers, benefited from the increased need for data storage in AI applications.
- Micron, a U.S.-based memory producer, experienced a significant surge due to high demand for memory chips required for AI models, leading to a shortage.
- Celestica, which manufactures network switches and components for AI data centers, also saw its stock price rise significantly, supplying parts for AI/ML compute platforms and custom ASICs.
- Major technology companies are projecting collective expenditures of $380 billion on data center and infrastructure build-outs in 2025, with further increases expected.
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