NXT may not be many peoples idea of a bargain as its only 17% below its recent high but volatility is entering the IT space with a number of stocks down fairly heavily over the last month as fears grow around interest rates. MM is very bullish the fundamental backdrop for this data centre business as the global megatrend towards the cloud gathers momentum. Global Data Centre Group (GDC) is another smaller / cheaper operator in this space that we like.
MM likes NXT around $10
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