AI infrastructure stocks dominated the S&P 500 in 2025, with storage providers like SanDisk surging nearly 580%, Western Digital and Seagate also topping the charts. Bitcoin miners pivoting to AI data centers offer fresh growth amid hyperscaler spending on facilities.
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SanDisk Corp. led with 580% gains, powering AI data centers.
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Western Digital and Seagate secured second and fourth places on S&P 500 performers.
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Bitcoin miners like Bitdeer and IREN Ltd. boosted shares by redirecting power to AI hosting, per Bloomberg data.
AI infrastructure stocks and Bitcoin miners pivoting to data centers topped S&P 500 gains in 2025. Discover storage leaders, power providers, and crypto firms driving the boom. Explore investment opportunities now! (152 characters)
What are the top AI infrastructure stocks performing in 2025?
AI infrastructure stocks like storage and power companies led the S&P 500 in 2025 as hyperscalers invested billions in data centers. SanDisk Corp. surged nearly 580% to claim first place, followed by Western Digital Corp. in second and Seagate Technology Holdings Plc in fourth, according to Bloomberg data. Nvidia, once dominant, ranked 71st with 40% gains.
How are Bitcoin miners pivoting to AI data centers?
Bitcoin miners are shifting from cryptocurrency mining to hosting high-performance AI computing, leveraging existing power infrastructure for long-term contracts. Matt Sallee of Tortoise Capital Advisors noted, “They have the electricity already… They’re going to redirect that electricity to higher-value, long-term contracts.” Shares of Bitdeer Technologies Group jumped after AI expansion announcements. IREN Ltd., Cipher Mining Inc., Riot Platforms Inc., and WhiteFiber Inc. saw boosts from similar data center conversion plans. This pivot positions them as key AI infrastructure players amid surging demand.
Frequently Asked Questions
What caused storage stocks to outperform in 2025 S&P 500?
Storage stocks like SanDisk, Western Digital, and Seagate topped the S&P 500 due to massive data center buildouts for AI. Hyperscalers’ spending on essential equipment drove gains up to 580%, outpacing chipmakers like Nvidia, as reported by Bloomberg. Analysts expect continued demand into 2026.
Which Bitcoin miners are leading the AI infrastructure shift?
Bitdeer Technologies Group, IREN Ltd., Cipher Mining Inc., Riot Platforms Inc., and WhiteFiber Inc. are frontrunners. They repurpose mining facilities’ power for AI data centers, securing higher-value contracts. This revaluation story, highlighted by Tortoise Capital, has propelled share prices upward in 2025.
Key Takeaways
- Storage dominance: SanDisk’s 580% surge highlights data center needs beyond chips.
- Bitcoin miners’ opportunity: Firms like Bitdeer redirect power for AI hosting gains.
- Watch power plays: Invest in Quanta Services and Vertiv for sustained data center growth.
Conclusion
The 2025 S&P 500 performance underscores AI infrastructure stocks and Bitcoin miners pivoting to AI data centers as major winners, fueled by hyperscaler investments. Storage leaders like SanDisk and emerging crypto players like Bitdeer signal a broadening AI trade. As demand persists, these sectors offer value beyond tech giants—position your portfolio for 2026 growth today.
Why AI Infrastructure Shifted Focus from Chips to Storage and Power in 2025
In 2025, the artificial intelligence landscape evolved dramatically. While tech giants allocated vast sums to new data centers, infrastructure providers—especially storage, power, and connectivity firms—emerged as S&P 500 leaders. This marked a departure from prior years when Nvidia dominated as the premier AI pick-and-shovel play. Bloomberg data reveals SanDisk Corp. rocketed nearly 580% to first place, Western Digital Corp. took second, and Seagate Technology Holdings Plc fourth. Power and connectivity names like Amphenol Corp., Corning Inc., NRG Energy Inc., and GE Vernova Inc. cracked the top 25.
Jake Seltz, portfolio manager at Allspring Global Investments, emphasized the strategy: “When the benchmarks are fairly concentrated, it’s important to look for themes that are gonna drive sales and earnings growth. AI is kind of one of those dominant themes right now… broadening our horizons beyond tech.” Big cloud operators like Microsoft Corp., Meta Platforms Inc., and Alphabet Inc. remain influential due to scale, but their gains moderated.
Beyond Big Tech: Unlocking Value in Data Center Supply Chains
Investors found compelling valuations in AI infrastructure stocks supporting hyperscaler expansions. Matt Sallee at Tortoise Capital Advisors avoids hyperscaler shares, targeting “picks and shovels” like lesser-known equipment makers. Wall Street anticipates sustained storage demand, though 2025 winners like SanDisk face tempered 2026 targets—analysts project $264, an 8% rise from $244. Pure Storage Inc. shows stronger potential at $94 from $68, a 38% upside. NetApp Inc. and Dell Technologies Inc. also align with AI storage needs.
Data center construction and powering stocks gained traction. Quanta Services Inc. excels in utility and telecom infrastructure, joined by MYR Group Inc., Primoris Services Corp., and MasTec Inc. Wiring firms like Amphenol Corp. supply high-speed connections, while Emcor Group Inc. handles electrical work. Power names include Vistra Corp., Constellation Energy Corp., GE Vernova, and Generac Holdings Inc. for generators.
Bitcoin Miners’ Strategic Pivot to AI Powerhouses
Bitcoin miners embody a compelling revaluation as they transition to AI data centers, utilizing years of secured electricity. Sallee highlighted: “They have the electricity already, they’ve had it for five-plus years to produce Bitcoin. They’re going to redirect that electricity to higher-value, long-term contracts for high-performance computing hosting.” Bitdeer Technologies Group shares spiked post-AI announcements. IREN Ltd., Cipher Mining Inc., Riot Platforms Inc., and WhiteFiber Inc. followed suit with data center conversions.
Cooling remains critical; Vertiv Holdings Co., up 46% in 2025, delivers power and thermal solutions. Eaton Corp. offers complementary management, though less specialized. Comfort Systems USA Inc. manages HVAC, while water firms Xylem Inc., Ecolab Inc., and American Water Works Co. support operations.
Software lags—S&P 500 Software Index rose 12% versus 17% benchmark—but valuations attract value hunters. Melissa Otto of Visible Alpha observed: “Investors are naturally inclined to look for companies that have cheaper valuations with terrific magnitude of growth that are potentially gonna really benefit from the application of AI.”
Risks and Sustained Bullishness
Some Wall Street voices caution on spending slowdowns, akin to pandemic supply gluts. Jed Ellerbroek of Argent Capital Management recalled: “Covid hit and this world needed way more face masks… those businesses went from the best times ever to the absolute worst.” Yet hyperscalers’ commitments keep optimism alive, positioning AI infrastructure stocks for continuity.
This shift broadens AI exposure, blending traditional infrastructure with crypto innovators like Bitcoin miners. Fact-based analysis from Bloomberg and expert insights affirm the trend’s momentum into 2026.
