Goodman Group shines among Australian property firms on data-centre push
Goodman Group's stock has been on a hot streak this year, shining bright among its Australian real-estate peers as the artificial intelligence boom has driven a frenzied demand for data centres. Global "hyperscalers", or large-scale cloud service providers, such as Amazon, Microsoft and Meta, have been spending billions on data centres to cater to growing demand for AI services. Australia's data-centre market, though nascent, saw outsized investment this year with Blackstone buying AirTrunk for A$24 billion ($14.91 billion) in September and developer NEXTDC raising nearly A$4.6 billion in equity and debt.