DigitalBridge (DBRG) has seen 7000 March $10 calls accumulate with daily buying since 1/24. DBRG shares are back at a two-year low with key support near $10.25. DBRG will report on 2-20. DBRG is showing a nice weekly bull RSI divergence.

DigitalBridge is an infrastructure investment firm specializing in digital infrastructure assets, investing in data centers, cell towers, fiber networks, small cells, and edge infrastructure.

DBRG has a $2B market cap and trades 14.4X Earnings and 26.7X EBITDA. Bloomberg had reported in October that DBRG may sell Scala data centers for $2B or more. The company is building momentum every quarter in new capital formation, and expects Q4 to be the best this year with $3 billion or more of fresh capital. Last quarter, FRE was up 42% year-on-year, and FRE margins were up 500 basis points to 34%. DBRG has been putting more capital behind growth at DataBank and Vertical Bridge, as well as new portfolio companies like Yondr and JTOWER.

DBRG is seen benefitting from $1 trillion in digital infrastructure spending over the next five years. JPM sees DLR and DBRG as the best ways to play the AI data center trend.