Demand for AI 'enablers' is surging, Morgan Stanley says, and a number of companies in Asia are set to benefit in a big way.
Demand for AI "enablers" such as power producers, grid operators and data centers is surging, according to Morgan Stanley , and a number of Asian companies are set to benefit. Data center capacity in both Asia and the U.S. is expected to grow at a compound annual growth rate of 20% between 2023 and 2027, the investment bank's analysts wrote in a May. 15 research note. Meanwhile, Asia's power needs for data centers is expected to double by 2027.
Shares in Tenaga are also included in the iShares MSCI Malaysia ETF and Global X FTSE Southeast Asia ETF Morgan Stanley has a target price 17.20 Malaysian Ringgit on the Bursa Malaysia-listed stock, giving it around 36.5% upside potential. Sembcorp Industries Singapore's power and energy operator Sembcorp Industries is another company on Morgan Stanley's watchlist. The company operates the "largest solar energy portfolio" in the city-state, the bank's analyst wrote.
Tenaga Nasional Bhd Tenaga Nasional Bhd Microsoft Corp Bursa Malaysia Bhd Bursa Malaysia Bhd Sembcorp Industries Ltd Singapore Exchange Ltd Ishares MSCI Singapore ETF Cambria Global Value ETF GDS Holdings Ltd GDS Holdings Ltd Ishares MSCI Malaysia ETF Global X FTSE ASEAN 40 ETF Morgan Stanley Malaysia Sembcorp Industries Ltd Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fanatics Sportsbook Promo Code: Bet $100, Get $100 (10X) for the PGA ChampionshipThere's no Fanatics Sportsbook Promo Code needed to claim up to $1,000 back in bonus bets!
Read more »
Preakness Picks: How to Hit the Preakness Trifecta on a $100 BudgetTrifecta picks for the 149th Preakness Stakes based on a $100 budget. Mystik Dan tops the 2024 Preakness odds but will he top our tickets?
Read more »
This rallying energy drink stock is set to break out above $100, according to the chartsTodd Gordon gives an update on his recent Celsius energy buy call.
Read more »
How Apple's record $100 billion-plus stock buyback benefits shareholdersAs outstanding share counts go down, investors don't have to do anything to get baked-in returns and own larger and larger pieces of companies.
Read more »
There Are Now More People Worth Over $100 Billion Than EverThere were briefly 15 people each worth more than $100 billion, led by LVMH founder Bernard Arnault with $222 billion. He was followed by Jeff Bezos.
Read more »
Hard Rock Sportsbook Promo Code May: $100 No Regret First BetUse the Covers-verified Hard Rock Bet promo code offer for May to claim a $100 No Regret First Bet new-user welcome bonus.
Read more »