The AI share sell-off: 3 ASX stocks I'd buy while investors are nervous

Detailed summary

Billions are being spent on AI infrastructure, and I think these businesses could benefit as that investment continues. The post The AI share sell-off: 3 ASX stocks I'd buy while…

Artificial intelligence (AI) shares have been under pressure recently, with investors becoming increasingly concerned about the enormous amount of money being spent on data centres and computing infrastructure.

And I can understand why. Building AI infrastructure is expensive, and there's still uncertainty about how quickly companies will generate returns on those investments.

And there are three ASX shares I'd consider buying while investors are nervous.

My first pick is Goodman, which I think is exceptionally well-positioned to benefit from growing demand for data centres.

One of the biggest challenges facing the industry is securing suitable land and sufficient electricity to operate these enormous facilities.

Goodman doesn't have this problem. The company already owns valuable sites across major global cities, many of which are suitable for data centre development.

It has built a potential data centre power bank of approximately 6.6 gigawatts, including 3.6 gigawatts of secured power. I believe that's a valuable position to occupy as technology companies compete for access to suitable locations.

And Goodman is already turning these opportunities into earnings. In FY26, its operating profit increased 15.7% to $2.67 billion, supported by its expanding data centre development business.

I think Goodman has an excellent opportunity to become a much larger data centre developer over the coming decade.

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