- Our preferred BUYs are Digital Core REIT (target price: US$0.80) and Mapletree Industrial Trust (target price: S$2.78) due to their focus on the US market. CapitaLand Ascendas REIT’s (target price: S$3.44) exposure to data centres is smaller, but it is looking to expand.
- - Read this at SGinvestors.io -
AI propels growth of data centres.
- The launch of OpenAI’s ChatGPT in Nov 22 brought language-capable artificial intelligence (AI) into the mainstream. AI is computationally intensive.
- - Read this at SGinvestors.io -
- According to Cushman & Wakefield, worldwide AI cloud revenue is forecast to grow at CAGR of 72.5% over the next five years, compared to 13.2% for non-AI cloud revenue.
AI to permeate our daily lives.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-07-11
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