Blackstone Plans $500 Billion Europe Investment, Schwarzman Says
'We see it as a major opportunity for us,' Schwarzman said in a Bloomberg Television interview on Tuesday. 'They are starting to change their approach here, which we think will result in higher growth rates. So this has worked out amazingly well for us.'
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2 top AI-related stocks for investors to consider buying!
Companies linked to artificial intelligence (AI) have become highly coveted stocks to buy. We're mainly talking about US tech shares like Nvidia, whose semiconductors power advanced AI models, and businesses like Microsoft, Meta, and Alphabet that are integrating AI into their existing operations. Many investors worry that these AI shares now command sky-high valuations. They fear this leaves them at risk of price corrections if the stocks' momentum slows. But investors don't need to buy these pricey US stocks to target large returns from the AI boom. Here are two UK shares to consider for the new tech revolution. Riding the data centre boom Sophisticated AI models require thousands of chips working in tandem, meaning small server rooms just don't cut it anymore. This is driving demand for industrial-sized data centres with sophisticated cooling systems and robust power infrastructure. This provides an enormous opportunity for warehouse operators like Tritax Big Box (LSE:BBOX). Accordingly, the FTSE 250 real estate investment trust (or REIT) — which chiefly rents it large-scale spaces out to delivery companies, retailers, and fast-moving consumer goods (FCMG) companies — is pushing aggressively into data centres. The company acquired its first data hub site in January, which it predicts will be 'one of the largest data centres in the UK'. And it followed this with a second shortly afterwards. The sites — which have a combined potential capacity of 272 MW — are in well-connected locations in London and have scope for long-term expansion. With a pipeline of another 1 GW, Tritax is positioning itself as a major player in the digital infrastructure boom. The UK currently has 477 data centres in operation. And construction firm Barbor ABI believes almost another 100 new sites will be needed between now and 2030 to meet demand. This provides a wonderful growth opportunity for the likes of Tritax. Be mindful, though, that data centre development carries risks. Like its logistics and storage hubs, returns are at the mercy of rising build costs and interest rates. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not intended to be, neither does it constitute, any form of tax advice. Another top AI-related stock Cable maker Volex (LSE:VLX) is another great data centre play to consider. The high-speed cables it manufactures are essential tools in ensuring a reliable and fast-moving data connection. More specifically, the company is a pioneer in the direct attach cables (DACs) segment. These are especially critical for AI applications, as they facilitate high bandwidth with minimal latency. And they are helping to drive business with both new and existing customers. Volex sells its cables across the world, leaving it exposed to trade tariff-related pressures. But these troubles haven't yet derailed its ability to deliver strong revenues growth — organic sales leapt 10.4% at constant currencies between April and June. The business said its latest sales numbers reflect 'continued momentum in the Electric Vehicles and Complex Industrial Technology end-markets, notably among Data Centre customers'. As well as data centres, Volex has exposure to multiple other growth areas like electric cars, renewable energy, healthcare, and automation. This provides added profit-making opportunities, while simultaneously broadening its sales base and reducing reliance on any single market to drive earnings. I think it's a great all-rounder to consider for the booming digital economy. The post 2 top AI-related stocks for investors to consider buying! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended Alphabet, Meta Platforms, Microsoft, Nvidia, and Tritax Big Box REIT Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Sign in to access your portfolio
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40 years of The Dropped Stitch
A three-generation family yarn shop is in Victoria Road, Portslade, is celebrating its 40th anniversary. The Dropped Stitch was founded by Hilary and Peter Bath in 1985, and is now run with their son Anthony and his wife – and their 11-year-old daughter helps out too, by selling her own tie-dye creations. "It's huge," Anthony says of the milestone. "When we got to 35 years we didn't know if we would reach 40, because Covid hit us hard at first." But after Wendy and Robin went into administration during the first lockdown, panic-buying of their yarns boosted the shop and gave it a new impetus. As well as selling knitting yarns and haberdashery, The Dropped Stitch has stained-glass art by Hilary, hair accessories handmade by Sue and clothes and accessories tie-dyed by their 11-year-old daughter, who has been an important part of the family business since she was just nine. It also runs a logo embroidery service. The family will be marking the event throughout September with celebrations including a raffle, yarn sales, giveaways and more. It will also join a nationwide celebration of independent yarn shops, UK Hand Knitting's Yarnstravaganza, from September 27 to October 4.
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£1.3m home with private sun terrace and swimming pool on market in Rochford
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