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NEXTDC (NXT) $16.94

Data centre operator NXT delivered a solid half-year result at the end of February, which catapulted the stock up towards $18 – a 10% beat on earnings (EBITDA) aided by price rises was the focus of investors’ attention. Commentary around increasing demand due to AI also have pressed the right buttons for some investors who keep watching the ever-appreciating Nvidia (NVDA US). At MM, we chose Goodman Group (GMG) as our preferred medium-term exposure towards data centres, but both stocks have ironically soared exactly +22.5% this year.

  • We like NXT but wouldn’t be chasing the stock above $17, and we still prefer GMG.
NXT
MM likes NXT ~$16
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NEXTDC (NXT)
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