Oh boy. Jim Cramer's talking about data center stocks again. So let's look at his track record. For all those investors that followed Cramer's "sell, sell, sell" recommendation in Oct. 2009, here's what you missed.
Investor disappointment over earnings at F5 Networks (FFIV) spilled over into shares of other companies whose fortunes are tied to the growth of cloud computing, including Rackspace (RAX) and Terremark (TMRK).
Equinix (EQIX) is seeing strong growth in its Asia/Pacific and European businesses, and the Switch and Data deal means less new construction will be required to support additional customer growth in the U.S.
The data center industry is hot. Data center stocks are outpacing the broader market, and there's been a flurry of acquisitions and IPOs amid strong interest from investors - especially from the private equity sector.
Content delivery providers Akamai (AKAM) and Limelight Networks (LLNW) were the top performers for the second quarter among data center stocks, while DuPont Fabros Technology (DFT) also had strong gains.