- JPMorgan Chase analyst Steve Tusa has turned bullish on two data center-related stocks after a significant dip in their prices.
- The data center trade is one of the bank’s biggest convictions, driven by hundreds of billions of dollars in hyperscaler capital expenditures (CapEx).
- Billionaire Ray Dalio has recently increased his holdings in one of the mentioned stocks, indicating a potential buying opportunity.
JPMorgan Chase Analyst Bullish on Data Center-Related Stocks
In a recent CNBC interview, JPMorgan Chase analyst Steve Tusa expressed his bullish stance on two data center-related stocks, citing a significant dip in their prices as a buying opportunity. According to Tusa, the data center trade is one of the bank’s biggest convictions, driven by the substantial capital expenditures (CapEx) of hyperscalers, which are expected to reach hundreds of billions of dollars.
Driving Factors and Market Trends
The growth of the data center industry is being fueled by the increasing demand for cloud computing, artificial intelligence, and other digital services. As a result, hyperscalers such as Amazon, Microsoft, and Google are investing heavily in expanding their data center capacity, creating a lucrative opportunity for data center-related companies. Tusa’s bullish stance on these stocks suggests that the current dip in prices may be a temporary correction, and investors may be able to capitalize on the long-term growth potential of the industry.
Billionaire Ray Dalio’s Investment
Notably, billionaire Ray Dalio has recently increased his holdings in one of the mentioned stocks, which could be seen as a vote of confidence in the company’s prospects. Dalio’s investment strategy is often closely watched by investors, and his decision to load up on this particular stock may indicate a potential buying opportunity. As the data center industry continues to grow and evolve, investors may want to consider Tusa’s bullish stance and Dalio’s investment as factors to inform their own investment decisions.
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