Global yields are climbing as investors react to higher US inflation expectations and energy prices. That puts pressure on many growth stories that rely on cheap capital. AI infrastructure stocks sit in a different bucket. Their role in building the physical backbone of AI keeps demand closely tied to real projects and spending. This article walks through 3 AI infrastructure stocks from our screener that stand out right now.

The three stocks below are just a starting sample from this theme. The full screen surfaced 52 more companies with equally compelling AI infrastructure narratives that are not covered here. If you want to go deeper into this space right now, head straight into the AI Infrastructure Stocks screener to identify, compare, and analyze the highest conviction opportunities.

Forgent Power Solutions (FPS)

Overview: Forgent Power Solutions designs and manufactures the electrical distribution equipment that keeps data centers, power grids and heavy industry running, from switchgear and transformers to power distribution units and related services, mainly for technology, utility and industrial customers.

Operations: Forgent Power Solutions generates about $1.2b in revenue from designing, developing, manufacturing and marketing its products and services, all from customers in North America.

Market Cap: $11.4b

Forgent Power Solutions sits in the center of AI infrastructure buildouts, supplying the high spec power equipment that data centers and grid projects rely on. Analysts expect its forecast revenue and earnings growth to outpace both the US market and the wider electrical sector. The stock screens as trading well below some fair value estimates and analyst targets, although the P/S multiple is already higher than the industry average. Thin net margins, heavy reliance on external borrowing and a relatively new, less independent board add real risk that investors need to weigh. Recent index inclusions, large follow on equity offerings and a near $2b backlog indicate that Forgent is moving quickly. The balance between growth and balance sheet strain is where the investment debate really starts.

Forgent Power Solutions sits at the crossroads of high spec AI demand and a stretched balance sheet. Before assuming the backlog tells the whole story, review the 4 key rewards and 2 important warning signs (1 is major!).

Build your own AI infrastructure shortlist

Forgent Power Solutions and the other two stocks in this article all came from the same screener, but the real edge is in shaping filters around what matters most to you. Use our flexible Screener to mix valuation, growth, balance sheet and risk filters for your own shortlist, or jump straight into our curated Investing Ideas for ready made starting points.

Celestica (TSX:CLS)

Overview: Celestica provides end to end supply chain and manufacturing solutions for original equipment makers and cloud service providers, building and managing everything from AI ready data center hardware and networking gear to aerospace, industrial and HealthTech systems across Asia, North America and other regions.

Operations: Celestica generates most of its revenue from Connectivity & Cloud Solutions at about US$12.3b, with Advanced Technology Solutions contributing roughly US$3.3b.

Market Cap: CA$55.7b

Celestica sits in the flow of hyperscaler spending on AI networking and rack scale hardware, with its CCS segment tied into 800G and upcoming 1.6T programs and a growing design pipeline with partners such as AMD and OpenAI. Recent results show revenue and margin momentum, a 45% ROE, and raised 2026 guidance to US$20.5b alongside record quarterly revenue. At the same time, heavy reliance on a handful of large cloud customers, a CCS revenue share of 72%, fresh equity issuance of roughly US$3.45b, and a relatively new board introduce concentration, dilution and governance risks that investors need to weigh carefully.

Celestica’s accelerating AI hardware pipeline and 45% ROE have caught the market’s eye, but the real story sits in customer concentration, equity issuance and margins. Read the analysis report for Celestica

Vertiv Holdings Co (VRT)

Overview: Vertiv Holdings Co provides the power systems, liquid and air cooling, racks, energy storage, and software that keep data centers and communication networks running, supporting services such as AI, e-commerce, online banking, streaming and online gaming across more than 130 countries.

Operations: Vertiv generates about $7.5b of revenue from the Americas, $2.7b from Asia Pacific and $2.4b from Europe, the Middle East and Africa, partly offset by $1.2b of intersegment sales.

Market Cap: $110.5b

Vertiv is tightly linked to the AI data center buildout, supplying liquid cooling and high density power systems that hyperscalers increasingly view as essential. Recent revenue and earnings growth well ahead of the wider US market underline that trend. Net margins stand at 15.1% and ROE at 36.4%, supported by what management characterizes as high quality earnings and a growing backlog tied to AI ready projects, while acquisitions such as PurgeRite expand Vertiv’s presence in recurring services. The company’s valuation, with a P/E well above peers and a share price that reflects optimistic expectations, sits alongside customer concentration in a small group of large cloud buyers and reliance on external borrowing. For investors focused on AI infrastructure, that mix of strengths and pressure points may be a key consideration.

Vertiv’s accelerating AI data center exposure, 15.1% net margins and 36.4% ROE raise a big question. Is the premium P/E just the entry ticket or a warning sign? Get the full story with the analyst forecasts for Vertiv Holdings Co

Seeking Fresh Alternatives Before Others Catch On

Some of the most interesting stories move from quiet to crowded quickly. Fresh breakouts and momentum shifts can get away fast. Scan these ideas while it matters and act before the space becomes crowded.

• Spot income workhorses that aim to keep paying investors even when sentiment is dropping by using the curated 10 dividend fortresses before the crowd catches up.
• Track future facing materials suppliers that could benefit if electrification and infrastructure spending keep building and use the focused 9 top copper producer stocks while it is still under the radar for now.
• Ride structural shifts in automation and efficiency and check the curated 37 robotics and automation stocks before these opportunities appear on every watchlist.

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.