Goodman Group shines among Australian property firms on data-centre push


FILE PHOTO: Properties can be seen in the Sydney suburb of Enmore, Australia, September 5, 2016. Picture taken September 5, 2016. REUTERS/David Gray/File Photo

(Reuters) - 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.

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