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DigitalBridge Group Inc (NYSE:DBRG) is one of the best data center stocks to invest in according to billionaires. DigitalBridge shares have gained more than 60% over the past six months.

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On May 27, DigitalBridge Group Inc (NYSE:DBRG) announced a deal to acquire ArcLight Capital Partners. The deal includes a base purchase price of $650 million and an additional $400 million in contingent consideration. This means the total transaction value for this deal could hit $1.05 billion.

ArcLight owns and operates 70GW of power generation assets as well as electric and gas transmission and storage infrastructure. ArcLight has one of the largest private power generation portfolios in North America.

According to DigitalBridge, its combination with ArcLight would result in an industry leader at the convergence of power, AI, and digital infrastructure. Once the transaction is closed, ArcLight will operate as a separate business within DigitalBridge’s platform.

DigitalBridge said closing of the ArcLight deal is conditioned on the closing of its own acquisition by SoftBank. DigitalBridge agreed to be bought by SoftBank for $4 billion in a deal expected to close in the second half of 2026.

DigitalBridge Group Inc (NYSE:DBRG) is a global digital infrastructure investment company. It owns, and operates, and invests in data centers, fiber networks, cell towers, and small cells. The company says it invests in real assets exposed to growing, resilient markets.

While we acknowledge the potential of DBRG 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.

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