Digital Infrastructure ETF Nears Record Peak on AI Demand

Global X Data Center REITs & Digital Infrastructure ETF US37954Y2366

A specialized exchange-traded fund targeting the physical backbone of artificial intelligence is approaching a historic high. The Global X Data Center REITs & Digital Infrastructure ETF (DTCR), trading at $23.80, is within striking distance of surpassing its 52-week peak of $23.83. This sustained momentum is fueled by the critical role digital infrastructure plays in the ongoing AI expansion. Despite an impressive rally of over 40% in the past year, market observers point to a notable valuation disparity among the fund's underlying holdings.

The fund's metrics demonstrate robust strength. Since the start of 2026, DTCR has advanced by 12.8%, significantly outpacing its peer group. For comparison, the competing Pacer Benchmark Data & Infrastructure Real Estate ETF (SRVR) has gained approximately 5% over the same period. With assets under management of around $917 million, DTCR is also the larger and more liquid vehicle in this specialized market segment. It carries a total expense ratio (TER) of 0.50%.

A Focused Investment Approach

DTCR offers exposure to the essential hardware layer powering AI systems. The thesis is that while semiconductor stocks have already seen substantial gains, the companies that own and lease the computational real estate—data center real estate investment trusts (REITs)—may have further room to grow. The ETF tracks the Solactive Data Center REITs & Digital Infrastructure Index, providing targeted access to firms that operate, own, or supply hardware for data centers. Industry forecasts project an average annual growth rate of 14% over the next five years.

A Concentrated Basket of Holdings

The fund's performance is heavily influenced by its largest allocations. Its top ten positions account for more than two-thirds of the portfolio's total weight.

Key Holdings (as of January 15, 2026):
* Equinix Inc. (EQIX): 10.17%
* Applied Digital Corp. (APLD): 9.50%
* Digital Realty Trust Inc. (DLR): 9.00%
* Winbond Electronics Corp.: 8.22%
* American Tower Corp. (AMT): 7.95%

This blend of established REITs, such as Equinix and Digital Realty, with growth-oriented names like Applied Digital from the AI ecosystem, forms the core investment rationale. Analysts suggest that major data center landlords could see a valuation catch-up if their upcoming financial results clearly reflect the surge in demand for computing power and electricity driven by artificial intelligence.

Near-Term Catalysts and Outlook

Attention in the coming weeks is focused on two primary drivers. From a technical perspective, the ETF is poised for a potential breakout above its 52-week high. A closing price firmly above $23.83, accompanied by strong trading volume, could signal continued upward momentum.

Fundamentally, the trajectory of major holdings like Equinix will be pivotal. Should their quarterly earnings reports confirm the anticipated appreciation of their infrastructure assets due to AI-driven demand, it may trigger the awaited valuation re-rating and provide additional tailwinds for the fund.