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Digital Realty Trust Inc (NYSE:DLR) is one of the best data center stocks to invest in according to billionaires. Digital Realty shares are up roughly 20% year-to-date, and analysts see the stock still has room for upside.

goodluz/Shutterstock.com Digital Realty Trust Inc (NYSE:DLR) has partnered with ePlus on a private AI infrastructure solution. ePlus is a managed services provider across the technology spectrum. According to a May 26 press release, ePlus will provide managed services for private AI infrastructure on Digital Realty’s global data center platform. This arrangement is designed to make AI more accessible across industries. The solution is aimed at enterprises that seek reliable support for AI workloads, faster time to value, and predictable cost models. This partnership comes as Digital Realty continues to expand its capacity to address the accelerating data center demand. Digital Realty CEO Andy Power has said they are rapidly advancing hyperscale AI-capacity and broadening their capital base to extend the company’s growth runway. On May 14, Truist Securities raised its price target on Digital Realty shares to $208 from $207 while keeping a Buy rating on the stock. For this call, the firm noted that Digital Realty is well-positioned to benefit from AI demand. Digital Realty Trust Inc (NYSE:DLR) is a real estate investment trust that owns and operates data centers across the world. It offers colocation and interconnectivity services. The company’s infrastructure powers the internet, cloud computing, and AI systems. While we acknowledge the potential of DLR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Debt-Free IT Stocks to Buy Now and 10 Best Stocks to Buy According to Billionaire Bill Gates. Disclosure: None. Follow Insider Monkey on Google News.