Artificial intelligence is creating opportunities well beyond companies like OpenAI that are developing generative AI models.
The ASX artificial intelligence share has accumulated an amount of contracted capacity and a large forward order book.
If AI continues driving demand for computing capacity, NEXTDC could have years of expansion ahead as it develops new facilities and brings contracted capacity online.
Data centres are expensive to build, and projects can face delays around power, construction, and approvals.
For me, both ASX shares could have plenty of growth ahead if artificial intelligence investment continues expanding over the coming years.
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Artificial intelligence is creating opportunities well beyond companies like OpenAI that are developing generative AI models. The company operates data centres across Australia and other parts of the Asia-Pacific region.
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The article, shortened and in plain language
Artificial intelligence is creating opportunities well beyond companies like OpenAI that are developing generative AI models.
The company operates data centres across Australia and other parts of the Asia-Pacific region.
AI workloads need large amounts of computing power, but that also means they need electricity, cooling, and specialist facilities capable of housing powerful hardware.
The ASX artificial intelligence share has accumulated an amount of contracted capacity and a large forward order book. To me, that provides evidence that customers are already committing to future infrastructure.
If AI continues driving demand for computing capacity, NEXTDC could have years of expansion ahead as it develops new facilities and brings contracted capacity online.
The main risk is the amount of capital needed to fund that growth. Data centres are expensive to build, and projects can face delays around power, construction, and approvals.
Megaport is an ASX tech share that provides investors with a different type of artificial intelligence exposure.
For me, both ASX shares could have plenty of growth ahead if artificial intelligence investment continues expanding over the coming years.
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