Data centre fever hits the ASX as GCM brings ‘cool’ idea to the table

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AI's data centre boom is heating up, and ASX small cap GCM is working on technology to help keep the ... Read More The post Data centre fever hits the ASX as GCM brings ‘cool’…

AI is getting smarter, but keeping it cool is another story. Pic: Getty Images

Tech giants are pouring billions into data centres, snapping up powerful chips and building the infrastructure needed to keep ChatGPT and its increasingly clever cousins running.

All that computing power needs electricity, somewhere to live and, rather inconveniently, a way to stop itself from cooking.

In the US, AI cloud provider CoreWeave has seen its shares tumble around 65% from their peak, as investors question the enormous spending required to keep expanding.

Meanwhile, Taiwan’s TSMC recently reported a 60% jump in monthly sales, suggesting demand for the chips powering AI remains strong.

The technology is booming, but building the infrastructure around it is becoming an expensive headache.

Take DXN (ASX:DXN), which this week secured a $4.8 million contract to build a modular cable landing station for an unnamed global internet customer.

It’s the fourth order from the same customer, with manufacturing starting immediately and delivery expected in the first quarter of FY28.

A cable landing station is essentially where undersea fibre-optic cables meet land-based communications networks, allowing enormous amounts of international internet traffic to flow between continents.

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