Forget AI Stocks: This Infrastructure REIT Is Wall Street's Secret Weapon

Core Insights - AI stocks have gained significant attention due to the increasing demand for chips used in AI model and application development [1] - Infrastructure is essential for supporting AI hardware and data transmission, aligning with American Tower's strategy to build data centers for AI workloads [2] Company Overview - American Tower is one of the largest REITs globally, owning and operating over 149,000 multitenant communications sites and a network of U.S. data centers [3] - The company acquired CoreSite for $10.1 billion in 2021, adding 25 data centers across eight major U.S. markets to its portfolio [4] Strategic Developments - The acquisition of CoreSite was initially aimed at supporting 5G deployment, but the focus has shifted to developing data centers for AI applications [5] - CoreSite recently launched 400 Gbps (400G) Amazon Web Services (AWS) Direct Connect at its Chicago campus, enhancing its capability for high-bandwidth AI workloads [5] Market Applications - CoreSite's 400G connectivity is already being utilized by a leading cybersecurity firm for real-time threat analysis [6] - Financial firms are exploring 400G for high-speed trading and quantitative research, positioning American Tower's data centers as a potential asset for enhancing returns [7]