Morgan Stanley picks global stocks to play a $50 billion AI boom. Analysts give two over 20% upside

📆 20/06/2024 07:13 p. m.
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Morgan Stanley names Asian stocks to buy as 'data centers ramp up' in the region.

Demand for AI-enablers such as data centers, power producers and grid operators is on the rise, according to Morgan Stanley, and a number of Asian companies stand out as potential plays. The Wall Street bank estimates that another 1 gigawatts in potential power has been "underwritten as these data centers ramp up.

Tenaga is listed on the Bursa Malaysia and trades as an ADR in the U.S. Shares in Tenaga are also included in the iShares MSCI Malaysia ETF and Global X FTSE Southeast Asia ETF . Analysts polled by FactSet give the stock a price target of 14.62 Malaysian ringgits, giving it around 6% potential upside.

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