The analysts project that over $100 billion will be channeled toward such "potential investments propel[ling] AI and spur[ring] power demand growth in Asia."
Here are three of Morgan Stanley's overweight-rated stock picks with more than 35% upside potential over the next 12 months.
Morgan Stanley has a target price of 7.20 Singapore dollars ($5.35) on the Singapore Exchange -listed shares, giving them 36.9% potential upside.
GDS Holdings Another Morgan Stanley favorite is Chinese data center developer and operator GDS Holdings .
Morgan Stanley has a target price of $13.30 on the Nasdaq-listed stock, which translates to 40% potential upside.
Persons:
Morgan Stanley, Morgan Stanley's, Tenaga Nasional Morgan Stanley, — CNBC's Michael Bloom
Organizations:
Tenaga Nasional, Tenaga, Microsoft, Amazon Web Services, U.S, Global X FTSE, Asia, Malaysian, Industries, Sembcorp, Morgan, Singapore, Sembcorp Industries, GDS, GDS Holdings, ASEAN, Nasdaq
Locations:
Asia, U.S, Malaysian, Tenaga Nasional, Bursa Malaysia, Malaysia, Singapore, Cambria, China, Japan, Hong Kong, Indonesia