当AI淘金潮转向“卖铲人”：华尔街寻找下一波估值洼地，存储与能源成焦点

Core Insights - The investment landscape is shifting towards companies that support AI infrastructure, with significant investments in data centers by major cloud service providers [1][2] - Data storage companies have shown remarkable performance, with Sandisk Corp. leading the S&P 500 index in 2025, followed by Western Digital and Seagate Technology [1] - There is a growing interest in lesser-known companies that provide essential services and products for AI and data center operations, moving beyond traditional tech giants [2] Data Storage - Data storage companies like Sandisk, Western Digital, and Seagate are expected to maintain their momentum into 2026, although their peak may be nearing [3] - Analysts project an average target price of $264 for Sandisk in 2026, an increase of approximately 8% from its current price of around $244 [3] - Pure Storage Inc. is anticipated to have a larger upside potential, with a projected price increase of 38% to $94 by 2026 [3] Construction and Power - Companies involved in data center construction and power supply are expected to continue their upward trajectory, with Quanta Services Inc. being a preferred choice among analysts [4] - Other notable contractors include MYR Group Inc., Primoris Services Corp., and MasTec Inc., which are also well-positioned for growth [4] - Companies like Amphenol, which designs and manufactures high-speed fiber and copper interconnect solutions, are favored in the wiring business [4] Bitcoin Miners - Bitcoin miners are seen as a potential "revaluation story," transitioning from cryptocurrency mining to powering data centers [5] - Companies such as Bitdeer Technologies Group and IREN Ltd. are gaining attention as they pivot towards high-performance computing data centers [5] Heating and Cooling - The demand for precision heating, ventilation, and air conditioning systems for data centers is creating opportunities for companies like Vertiv Holdings Co., which saw a 46% increase in 2025 [6] - Other companies in this sector include Comfort Systems USA Inc. and Xylem Inc., which provide HVAC systems and water solutions [6] Software - Software is being recognized as a future beneficiary of AI advancements, with investors looking for undervalued companies with significant growth potential [7] - Despite a lackluster performance in 2025, software stocks are becoming more attractive, with companies like Snowflake Inc., Datadog Inc., and ServiceNow Inc. being closely monitored [7]