-- Equity investors are scouring Southeast Asia for alternatives to play the artificial intelligence theme as tech giants pour billions of dollars in infrastructure spending over the next few years.Xi’s China EV Dream Came True. 10 Years On, Walls Are Going Up
While the earnings contribution from AI remains to be seen given that the technology is in its early days, the upside potential is huge, analysts said. The region is poised to become the world’s second-largest non-US data center provider behind China by 2027, according to Morgan Stanley, which sets the stage for a multiyear growth cycle for firms in the supply chain.
The firm expects electricity demand from data centers to exceed 4,300MW by 2035. Tenaga’s push into renewable capacity will also add to its attractiveness. The stock has jumped 32% so far this year.
Efforts to deepen strategic ties between Vietnam and the US will also help support the Southeast Asian country’s move up the technology industry value chain, which bodes well for FPT.In 5 Years, These 2 Stocks Will Be More Valuable Than Apple