3 ASX shares riding the Data Centre Boom that investors need to consider

The data centre boom is creating winners beyond the obvious pure play operators. Three ASX names that deserve more attention are Goodman Group, Dicker Data and NEXTDC, each offering a different way to benefit from rising demand for AI infrastructure and digital capacity.

Goodman Group (ASX: GMG) 

is one of the most compelling infrastructure names in the space because it sits at the intersection of industrial property, logistics and data centres. The company’s latest update on 26 May 2026 showed that AI adoption is accelerating while global compute capacity remains constrained, especially in metro markets where low latency infrastructure is essential. 

Goodman’s total power bank has reached 6.4 GW with 3.6 GW secured, and data centres now account for 73% of its 14.5 billion work in progress pipeline. 

With projects underway across Sydney, Los Angeles, Tokyo, Hong Kong, Amsterdam and Paris, Goodman is quietly building one of the most relevant data centre development platforms in the market.

Dicker Data Limited (ASX: DDR) 

offers a different angle on the same theme as a technology hardware, software and cloud distributor. FY25 gross revenue rose 14.9% to $3.9 billion with software sales up by 21.0% and endpoint sales up 18.9% as the Windows 10 refresh cycle lifted demand. 

More importantly, the company said AI contributed over $45 million in incremental new revenue in FY25 while FY26 year to date gross revenue grew by 13.4% and net operating profit before tax jumped by 45.5%. 

Dicker Data also highlighted datacentre infrastructure refresh motions, a Dell Technologies and Equinix AI proof of concept facility, and the first Cisco AI Pod in the region showing that it is well placed to benefit from enterprise AI and infrastructure upgrades.

NEXTDC Limited (ASX: NXT) 

is the most direct way to play the data centre buildout with its latest update pointing to a sharp lift in contracted utilisation and future earnings visibility. 

The company reported a record 250MW increase in contracted utilisation, lifting its pro forma contracted utilisation to 667MW and its Forward Order Book to 544MW as at 31 March 2026. 
Management said that on a contracted basis, this pipeline is expected to generate EBITDA in excess of 1.0 billion over time while S4 alone is set to receive 1.5 billion of accelerated development spending through FY27. 

With AI driving larger, denser and more power intensive deployments, NEXTDC looks well positioned to capture the surge in demand for secure and scalable Australian data centre capacity.

Together, these three stocks show that the data centre opportunity is broader than many investors think. Goodman brings the land, power and development angle, Dicker Data captures the infrastructure refresh and AI enablement cycle and NEXTDC provides the pure play operating exposure to rising demand.

(Source: Company Announcements)