{"id":756630,"date":"2026-06-24T06:07:11","date_gmt":"2026-06-24T06:07:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/756630\/"},"modified":"2026-06-24T06:07:11","modified_gmt":"2026-06-24T06:07:11","slug":"these-asx-shares-are-riding-the-ai-boom-investors-keep-overlooking-them","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/756630\/","title":{"rendered":"These ASX shares are riding the AI boom. Investors keep overlooking them"},"content":{"rendered":"\n

AI might grab headlines for disrupting software and productivity. But the real-world buildout is happening thanks to these ASX AI shares in concrete, cables, switchboards, and server racks. <\/p>\n

Microsoft alone<\/a> has committed $25 billion to Australian AI and cloud infrastructure, the largest single corporate technology investment in Australia’s history. <\/p>\n

Yet three ASX-listed companies sitting directly in the path of that investment remain surprisingly under-owned by retail investors.<\/p>\n

\"Hologram<\/p>\n

Image source: Getty Images<\/p>\n

Goodman Group approaches artificial intelligence from the ground up. <\/p>\n

The industrial property giant has transformed itself from a logistics warehouse owner into one of the most important data centre developers in the Asia-Pacific region. <\/p>\n

Data centres now make<\/a> up 73% of Goodman’s development pipeline. This is on track to reach $18 billion by June 2026, up from $14.5 billion at 31 March. <\/p>\n

The company has assembled a power bank of 6.4 gigawatts across its global network. This resource is extraordinarily difficult to replicate as power access emerges as the key constraint on data centre expansion worldwide.<\/p>\n

With these durable competitive advantages, Goodman’s pricing power is something most property developers simply do not have.<\/p>\n

NextDC is Australia’s largest independent data centre operator and arguably the most direct ASX play on AI infrastructure demand.<\/p>\n

Contracted utilisation surged<\/a> 60% to 667MW in the March 2026 quarter alone. This was driven by massive wins at its S4 Sydney development, with a compound annual growth rate in operating earnings of more than 40% expected between FY 2025 and FY 2028 as that contracted capacity converts to revenue. <\/p>\n

NextDC’s foundational customer for its Western Sydney AI campus is OpenAI. This should give the company a direct relationship with one of the AI industry’s largest infrastructure buyers.<\/p>\n

Dicker Data Ltd (ASX: DDR<\/a>) <\/p>\n

Dicker Data is the least obvious ASX AI share on this list, but arguably the most interesting from a valuation standpoint.<\/p>\n

The company is Australia’s largest technology distributor, connecting more than 10,000 reseller partners with leading technology vendors across hardware, software, cybersecurity, and AI infrastructure. <\/p>\n

Every data centre that gets built creates demand for the racks, servers, networking equipment, and software licences that Dicker Data distributes.<\/p>\n

For the first four months of FY 2026, Dicker Data reported<\/a> gross revenue growth of 13.4% to $1.27 billion and a 45.5% jump in net profit before tax to $47.3 million. These results were driven by elevated data centre refresh and AI infrastructure demand.<\/p>\n

Despite that momentum, Dicker Data trades on approximately 26 times earnings. This is a steep discount to the global technology distribution peer average of 41 times.<\/p>\n

As a result, the company pays a fully-franked quarterly dividend yielding approximately 3.7%, an unusual combination of AI exposure and income that few other stocks on this list can match. <\/p>\n

Jarden has\u00a0a<\/a> buy rating and a $11 price target, implying good upside from current levels.<\/p>\n

The risks worth knowing for these ASX AI shares <\/p>\n

None of these three ASX AI shares is risk-free.<\/p>\n

Goodman and NextDC both carry significant capital expenditure commitments and are sensitive to interest rate movements given their asset-heavy models. <\/p>\n

Dicker Data operates on thinner margins than a pure infrastructure play. As a result, the company is exposed to any broader slowdown in enterprise technology spending. <\/p>\n

Furthermore, all three have already run hard in recent years, which limits the margin of safety at current prices.<\/p>\n

Foolish takeaway for ASX AI shares <\/p>\n

The AI infrastructure buildout in Australia is happening right now, with $25 billion of committed investment flowing into local digital infrastructure over the next five years.<\/p>\n

Goodman, NextDC, and Dicker Data each sit in a different part of that supply chain, from land and power through to data centre capacity and the hardware that fills it. <\/p>\n

For investors seeking AI exposure beyond the obvious names, these three ASX AI shares deserve a closer look.<\/p>\n","protected":false},"excerpt":{"rendered":"AI might grab headlines for disrupting software and productivity. But the real-world buildout is happening thanks to these…\n","protected":false},"author":2,"featured_media":243697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105,313],"class_list":["post-756630","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-technology","tag-trending"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/756630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=756630"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/756630\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/243697"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=756630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=756630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=756630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}