Research · refreshed nightly · July 28, 2026
Top Data Center Stocks (July 2026)
Data center and cloud infrastructure.
The AI buildout runs on someone's hardware and someone's software, and the 37 top data center stocks and cloud infrastructure companies here are the someones. Veeva and Credo share the top MGI of 75 by opposite routes: Veeva compounds revenue a steady 14% a year at $25B, while Credo, now $34B, is growing 80% a year selling the connectivity that GPU clusters devour. Astera Labs is faster still at 105%.
A median MGI of 56 marks a strong group with a wide tail. The per-share column is the tell: Rubrik grows revenue 34% a year yet loses 35% per share to dilution, while Arista's 27% arrives intact. Click any name for the full citation-backed analysis.
50companies qualify
61.5median MGI
9joined this week
The ranking
Sorted by MGI
1
Veeva Systems Inc.VEEV🇺🇸
Revenue +14%/yr · +13%/yr per share · asset light
G 75V 68O 87Cap $28.5B
MGI
75
MVI
68
MTI
37
MOI
87
Cap
$28.5B
Growth
+14%2
Credo Technology Group Holding LtdCRDO🇺🇸
Revenue +80%/yr · +48%/yr per share · asset light
G 75V 54O 76Cap $36.5B
MGI
75
MVI
54
MTI
57
MOI
76
Cap
$36.5B
Growth
+80%3
Atlassian CorporationTEAM🇦🇺
Revenue +21%/yr · +20%/yr per share · asset light
G 73V 75O 82Cap $20.9B
MGI
73
MVI
75
MTI
44
MOI
82
Cap
$20.9B
Growth
+32%4
Astera Labs, Inc.ALAB🇺🇸
Revenue +105%/yr · +21%/yr per share · asset light
G 73V 43O 70Cap $48.4B
MGI
73
MVI
43
MTI
55
MOI
70
Cap
$48.4B
Growth
+93%5
Zscaler, Inc.ZS🇺🇸
Revenue +33%/yr · +29%/yr per share · asset light
G 71V 64O 76Cap $22.5B
MGI
71
MVI
64
MTI
46
MOI
76
Cap
$22.5B
Growth
+25%6
Guidewire Software, Inc.GWRE🇺🇸
Revenue +14%/yr · +13%/yr per share · asset light
G 71V 64O 79Cap $12.1B
MGI
71
MVI
64
MTI
32
MOI
79
Cap
$12.1B
Growth
+27%7
Rubrik, Inc.RBRK🇺🇸
Revenue +34%/yr · -35%/yr per share · asset light
G 70V 57O 73Cap $15.4B
MGI
70
MVI
57
MTI
44
MOI
73
Cap
$15.4B
Growth
+39%8
JFrog Ltd.FROG🇺🇸
Revenue +22%/yr · +17%/yr per share · asset light
G 69V 57O 73Cap $9.8B
MGI
69
MVI
57
MTI
38
MOI
73
Cap
$9.8B
Growth
+26%9
Arista Networks, Inc.ANET🇺🇸
Revenue +27%/yr · +27%/yr per share · asset light
G 68V 59O 73Cap $184.8B
MGI
68
MVI
59
MTI
48
MOI
73
Cap
$184.8B
Growth
+27%10
Datadog, Inc.DDOG🇺🇸
Revenue +29%/yr · +25%/yr per share · asset light
G 68V 49O 68Cap $89.7B
MGI
68
MVI
49
MTI
40
MOI
68
Cap
$89.7B
Growth
+29%11
AvePoint, Inc.AVPT🇺🇸
Revenue +18%/yr · +7%/yr per share · asset light
G 68V 70O 75Cap $2.4B
MGI
68
MVI
70
MTI
45
MOI
75
Cap
$2.4B
Growth
+26%12
Cloudflare, Inc.NET🇺🇸
Revenue +29%/yr · +26%/yr per share · asset light
G 67V 46O 65Cap $83.6B
MGI
67
MVI
46
MTI
43
MOI
65
Cap
$83.6B
Growth
+34%13
Vertiv Holdings CoVRT🇺🇸
Revenue +17%/yr · +15%/yr per share · scale economics
G 67V 55O 70Cap $103.3B
MGI
67
MVI
55
MTI
48
MOI
70
Cap
$103.3B
Growth
+17%14
MongoDB, Inc.MDB🇺🇸
Revenue +27%/yr · +21%/yr per share · asset light
G 67V 58O 69Cap $22.6B
MGI
67
MVI
58
MTI
40
MOI
69
Cap
$22.6B
Growth
+25%15
Rambus Inc.RMBS🇺🇸
Revenue +18%/yr · +19%/yr per share · asset light
G 66V 48O 65Cap $11.4B
MGI
66
MVI
48
MTI
54
MOI
65
Cap
$11.4B
Growth
+8%16
MACOM Technology Solutions Holdings, Inc.MTSI🇺🇸
Revenue +12%/yr · +10%/yr per share · asset light
G 66V 45O 64Cap $19.1B
MGI
66
MVI
45
MTI
48
MOI
64
Cap
$19.1B
Growth
+23%17
CrowdStrike Holdings, Inc.CRWD🇺🇸
Revenue +32%/yr · +29%/yr per share · asset light
G 65V 44O 62Cap $183.4B
MGI
65
MVI
44
MTI
44
MOI
62
Cap
$183.4B
Growth
+26%18
Marvell Technology, Inc.MRVL🇺🇸
Revenue +17%/yr · +14%/yr per share · asset light
G 65V 48O 64Cap $158.9B
MGI
65
MVI
48
MTI
47
MOI
64
Cap
$158.9B
Growth
+28%19
Procore Technologies, Inc.PCOR🇺🇸
Revenue +22%/yr · +10%/yr per share · asset light
G 65V 58O 69Cap $7.8B
MGI
65
MVI
58
MTI
42
MOI
69
Cap
$7.8B
Growth
+16%20
IES Holdings, Inc.IESC🇺🇸
Revenue +16%/yr · +18%/yr per share · scale economics
G 65V 57O 67Cap $10.8B
MGI
65
MVI
57
MTI
44
MOI
67
Cap
$10.8B
Growth
+17%21
Carel Industries S.p.A.CRL.IT🇮🇹
Revenue +9%/yr · -3%/yr per share · asset light
G 65V 60O 69Cap $3.0B
MGI
65
MVI
60
MTI
42
MOI
69
Cap
$3.0B
Growth
+9%22
Workiva Inc.WK🇺🇸
Revenue +16%/yr · +13%/yr per share · asset light
G 64V 70O 71Cap $3.2B
MGI
64
MVI
70
MTI
43
MOI
71
Cap
$3.2B
Growth
+20%23
ActiveOps PLCAOM.GB🇬🇧
Revenue +15%/yr · +14%/yr per share · asset light
G 64V 67O 68Cap $175.7M
MGI
64
MVI
67
MTI
42
MOI
68
Cap
$175.7M
Growth
+14%24
Commvault Systems, Inc.CVLT🇺🇸
Revenue +9%/yr · +11%/yr per share · asset light
G 63V 57O 66Cap $6.2B
MGI
63
MVI
57
MTI
46
MOI
66
Cap
$6.2B
Growth
+13%25
BELIMO Holding AGBEAN.CH🇨🇭
Revenue +10%/yr · +10%/yr per share · asset light
G 62V 46O 60Cap $13.1B
MGI
62
MVI
46
MTI
35
MOI
60
Cap
$13.1B
Growth
+19%26
Celestica Inc.CLS🇨🇦
Revenue +23%/yr · +25%/yr per share · scale economics
G 61V 53O 62Cap $36.2B
MGI
61
MVI
53
MTI
60
MOI
62
Cap
$36.2B
Growth
+53%27
Dynatrace, Inc.DT🇺🇸
Revenue +18%/yr · +17%/yr per share · asset light
G 60V 63O 64Cap $11.8B
MGI
60
MVI
63
MTI
47
MOI
64
Cap
$11.8B
Growth
+19%28
Crexendo, Inc.CXDO🇺🇸
Revenue +21%/yr · +10%/yr per share · asset light
G 60V 70O 65Cap $212.1M
MGI
60
MVI
70
MTI
48
MOI
65
Cap
$212.1M
Growth
+29%29
Carasent AB (publ)CARA.SE🇸🇪
Revenue +10%/yr · +199%/yr per share · asset light
G 60V 67O 64Cap $184.6M
MGI
60
MVI
67
MTI
42
MOI
64
Cap
$184.6M
Growth
+10%30
CB
cyber_Folks S.A.CBF.PL🇵🇱
Revenue +25%/yr · +24%/yr per share · asset light
G 60V 69O 64Cap $689.5M
MGI
60
MVI
69
MTI
44
MOI
64
Cap
$689.5M
Growth
+25%31
Palo Alto Networks, Inc.PANW🇺🇸
Revenue +18%/yr · +13%/yr per share · asset light
G 59V 47O 57Cap $258.6B
MGI
59
MVI
47
MTI
37
MOI
57
Cap
$258.6B
Growth
+31%32
Gamma Communications plcGAMA.GB🇬🇧
Revenue +10%/yr · +11%/yr per share · asset light
G 59V 64O 65Cap $1.1B
MGI
59
MVI
64
MTI
50
MOI
65
Cap
$1.1B
Growth
+12%33
Axon Enterprise, Inc.AXON🇺🇸
Revenue +28%/yr · +23%/yr per share · asset light
G 58V 50O 58Cap $38.3B
MGI
58
MVI
50
MTI
43
MOI
58
Cap
$38.3B
Growth
+34%34
Q2 Holdings, Inc.QTWO🇺🇸
Revenue +10%/yr · +6%/yr per share · asset light
G 58V 62O 63Cap $3.3B
MGI
58
MVI
62
MTI
38
MOI
63
Cap
$3.3B
Growth
+14%35
Advanced Micro Devices, Inc.AMD🇺🇸
Revenue +18%/yr · +11%/yr per share · asset light
G 57V 47O 56Cap $807.1B
MGI
57
MVI
47
MTI
52
MOI
56
Cap
$807.1B
Growth
+38%36
NEURONES S.A.NRO.FR🇫🇷
Revenue +10%/yr · +10%/yr per share · asset light
G 56V 62O 59Cap $1.0B
MGI
56
MVI
62
MTI
42
MOI
59
Cap
$1.0B
Growth
+6%37
Workday, Inc.WDAY🇺🇸
Revenue +15%/yr · +14%/yr per share · asset light
G 56V 69O 62Cap $33.5B
MGI
56
MVI
69
MTI
52
MOI
62
Cap
$33.5B
Growth
+14%38
GitLab Inc.GTLB🇺🇸
Revenue +35%/yr · +9%/yr per share · asset light
G 56V 69O 61Cap $5.6B
MGI
56
MVI
69
MTI
60
MOI
61
Cap
$5.6B
Growth
+23%39
Waystar Holding Corp.WAY🇺🇸
Revenue +15%/yr · +5%/yr per share · asset light
G 56V 64O 61Cap $4.5B
MGI
56
MVI
64
MTI
45
MOI
61
Cap
$4.5B
Growth
+22%40
VtexVTEX🇬🇧
Revenue +14%/yr · +14%/yr per share · asset light
G 56V 67O 61Cap $700.5M
MGI
56
MVI
67
MTI
55
MOI
61
Cap
$700.5M
Growth
+12%41
VR
Vercom S.A.VRC.PL🇵🇱
Revenue +22%/yr · +15%/yr per share · asset light
G 56V 59O 58Cap $672.6M
MGI
56
MVI
59
MTI
52
MOI
58
Cap
$672.6M
Growth
+22%42
Twilio Inc.TWLO🇺🇸
Revenue +13%/yr · +16%/yr per share · scale economics
G 55V 56O 57Cap $29.5B
MGI
55
MVI
56
MTI
46
MOI
57
Cap
$29.5B
Growth
+20%43
Beeks Financial Cloud Group plcBKS.GB🇬🇧
Revenue +27%/yr · +19%/yr per share · scale economics
G 55V 58O 57Cap $198.6M
MGI
55
MVI
58
MTI
42
MOI
57
Cap
$198.6M
Growth
+27%44
Snowflake Inc.SNOW🇺🇸
Revenue +37%/yr · +33%/yr per share · asset light
G 54V 48O 53Cap $94.6B
MGI
54
MVI
48
MTI
58
MOI
53
Cap
$94.6B
Growth
+34%45
NICE Ltd.NICE🇮🇱
Revenue +9%/yr · +11%/yr per share · asset light
G 54V 66O 59Cap $6.1B
MGI
54
MVI
66
MTI
55
MOI
59
Cap
$6.1B
Growth
+10%46
Volex plcVLX.GB🇬🇧
Revenue +17%/yr · +14%/yr per share · scale economics
G 53V 58O 55Cap $1.3B
MGI
53
MVI
58
MTI
45
MOI
55
Cap
$1.3B
Growth
+14%47
Okta, Inc.OKTA🇺🇸
Revenue +21%/yr · +16%/yr per share · asset light
G 52V 55O 54Cap $23.9B
MGI
52
MVI
55
MTI
52
MOI
54
Cap
$23.9B
Growth
+21%48
nVent Electric plcNVT🇺🇸
Revenue +19%/yr · +20%/yr per share · scale economics
G 52V 53O 53Cap $21.6B
MGI
52
MVI
53
MTI
43
MOI
53
Cap
$21.6B
Growth
+54%
Changed this week
Week over week, from the nightly refresh.
Entered
ActiveOps PLC (AOM.GB) · joined at #23 · Revenue +15%/yr · +14%/yr per share · asset light
EnteredBeeks Financial Cloud Group plc (BKS.GB) · joined at #43 · Revenue +27%/yr · +19%/yr per share · scale economics
EnteredNEURONES S.A. (NRO.FR) · joined at #36 · Revenue +10%/yr · +10%/yr per share · asset light
EnteredAlkami Technology, Inc. (ALKT) · joined at #50 · Revenue +25%/yr · +14%/yr per share · asset light
EnteredDHH.IT (DHH.IT) · since left the ranking
+4 more
BEAN.CH, NVT, CARA.SE, ALKT also joined
Left
DHH.IT, SPXC, NOW, VICR, CRM, NRO.FR, ALKT, BEAN.CH, PCIP.GB
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-07-28.