Cloud giants are back in focus after Meta’s steep share price drop, Microsoft’s upbeat data centre message, Qualcomm’s weak smartphone update, and Arm’s mixed market reaction. At the same time, US borrowing costs are sitting at a 19 year high as the Federal Reserve holds rates steady. For investors, the spotlight is now on companies that build and power the digital plumbing behind all that computing. This article reveals 3 stocks from a data centre infrastructure and energy screener that are most exposed to these headlines, and explains why each one may merit a closer look.

Belden (BDC)

Overview: Belden is a century old US company that supplies the physical and digital wiring of modern data infrastructure, from copper and fiber cabling to racks, enclosures, power and cooling systems used in data centers and other high bandwidth environments. Its products and software connect and manage data flows in settings like cloud and enterprise data centers, 5G networks, factories, transport systems, hospitals and large venues worldwide.

Market Cap: US$4.0b

Investors looking for exposure to the data center buildout may find Belden interesting because it sits in the middle of several long term trends, including cloud capacity growth, IT and OT convergence and industrial automation. The company is leaning into higher value solutions such as software enabled networking and the RUCKUS acquisition, while still selling essential connectivity hardware that benefits from large cloud and broadband projects. At the same time, high debt levels, copper cost swings and the need to keep integrating deals like RUCKUS mean earnings can be sensitive to execution and funding conditions. The key consideration is how this mix of growth drivers and risks balances out for Belden in a world where data center spending is back in the spotlight.

Belden’s shift toward higher value networking and software could be more important than the cables everyone sees. Get the full context with the 5 key rewards and 1 important warning sign

Everpure (P)

Overview: Everpure is a US based data storage company that sells all flash arrays, unstructured data platforms and subscription software that keep enterprise and cloud data available, secure and efficient across on premises and public cloud environments.

Operations: Everpure generates about US$3.9b in revenue from computer storage devices, with roughly US$2.7b from the United States and US$1.3b from the rest of the world.

Market Cap: US$24.3b

Everpure sits at the crossroads of cloud, AI and data center spending, with products like FlashArray, FlashBlade and Portworx focused on high performance, always on data services that can matter when hyperscalers and enterprises rethink storage for AI workloads. Recent catalysts include strong earnings momentum, upgraded analyst ratings, higher revenue guidance for FY2027 and an activist investor building a stake, all of which indicate rising interest in the story. At the same time, a very high P/E ratio, insider selling and reliance on external funding mean you need to weigh rich expectations and balance sheet risk against the growth case. The key question is whether Everpure’s AI ready storage and data platform can justify that premium over time.

Everpure’s AI ready storage story is accelerating, while a very high P/E keeps expectations stretched. Get the full picture with the analyst forecasts for Everpure and see what could be masking the real risk.

Advanced Energy Industries (AEIS)

Overview: Advanced Energy Industries supplies precision power conversion, measurement, and control systems that sit inside high end equipment like semiconductor tools, AI ready data centers, medical devices, and telecom and networking gear, helping customers deliver stable, efficient power for critical workloads.

Operations: Advanced Energy Industries generates about US$1.9b from power electronics conversion products, supported by revenue across the United States, Mexico and other international markets.

Market Cap: US$9.6b

Advanced Energy Industries is drawing attention because it sits at the heart of the power challenges created by AI and cloud growth, supplying precision power systems for both data centers and advanced chip production. Recent product launches for 800 V AI data center architectures and high efficiency power modules show how the company is positioning for heavier, more complex workloads. Strong recent earnings growth and analyst interest mean this name is appearing on more watchlists. On the other hand, there is a premium P/E, reliance on a concentrated group of hyperscale and semiconductor customers, and exposure to cyclical demand and tariffs. For investors following the data center buildout story, the real question is how that mix of growth potential and concentration risk stacks up over the next few years.

Advanced Energy Industries sits where AI power demand meets chip production, yet many investors still treat it like a regular industrial stock. Get behind the headline story with the analyst forecasts for Advanced Energy Industries and examine what might be hiding in the order book.

The three stocks covered here are only a starting point, since the full screener for data center infrastructure and energy uncovered 45 more companies with equally compelling narratives in the Data Center Infrastructure and Energy Providers screener. Use Simply Wall St to identify and analyze the specific catalysts and narratives that matter to you, so you can focus on the highest conviction ideas across this theme.

Take Control of Your Investment Journey

If Belden or any of these companies sound like a great opportunity, register for FREE with Simply Wall St and add your companies to a Watchlist to monitor the share price against the fair value the ideal entry point. Once you've made your move, manage your holdings with our Portfolio Command Center that filters out the noise to deliver only the most critical, actionable updates. Throughout your journey, our Community allows you to filter the best ideas from thousands of investor perspectives. By uncovering hidden catalysts and risks early, you'll accelerate your decision-making and stay one step ahead of the market.

Seeking Fresh Alternatives Beyond Data Centers

Fresh breakouts can gain momentum quickly and then slip from ideal pricing. Use these under the radar for now stock ideas before the crowd catches on and consider them while they remain less widely followed.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.