3 excellent ASX shares riding the AI boom

Artificial intelligence (AI) continues to reshape industries and investment portfolios — and ASX investors don't have to look far to find companies riding this powerful wave.

From infrastructure to automation to intelligent networks, there are a number of locally listed options for Aussie investors.

Here are three that could be worth considering for exposure to the AI boom:

Betashares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ)

For those looking for diversified exposure to the AI megatrend, the Betashares Global Robotics and Artificial Intelligence ETF is a good place to start. This ASX ETF provides access to a global portfolio of companies that are leaders in robotics and artificial intelligence. This includes big names like Nvidia (NASDAQ: NVDA), Intuitive Surgical (NASDAQ: ISRG), and Fanuc (TYO: 6954).

Rather than trying to pick a single winner, this popular fund lets investors ride the AI trend with a broad, global approach. It could be particularly appealing for long-term investors who want to gain exposure to automation, machine learning, and smart robotics without backing a single horse.

Betashares recently named it as one to consider buying.

Megaport Ltd (ASX: MP1)

Another ASX share to consider for AI exposure is Megaport. It is a leading provider of Network as a Service (NaaS) solutions, facilitating on-demand connectivity between businesses and cloud service providers.

In response to growing demands of AI workloads, Megaport launched its AI Exchange (AIx), which is a dynamic ecosystem designed to support AI solution development. AIx offers flexible, high-performance connectivity to a range of services, including GPU-as-a-Service (GPUaaS) providers and third-party AI models, enabling rapid scaling and innovation.

In addition, the company's infrastructure upgrades, such as the deployment of 100G ports and the expansion of its global network, position it to meet the increasing bandwidth and low-latency requirements of AI applications.

The team at Morgans has an accumulate rating and $15.50 price target on its shares.

NextDC Ltd (ASX: NXT)

Behind every AI model is a data centre powering the workloads — and that's where NextDC comes in. This fast-growing data centre operator is scaling up to meet booming demand for high-performance computing, driven in part by AI and cloud services.

The ASX share recently launched new developments to support hyperscale customers and is expanding its footprint across the Asia-Pacific to meet rising demand.

Morgans is also very bullish on NextDC and sees it as a great way to invest in AI. It has a buy rating and $18.80 price target on its shares.

The post 3 excellent ASX shares riding the AI boom appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in Megaport and Nextdc. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Intuitive Surgical, Megaport, and Nvidia. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Fanuc. The Motley Fool Australia has recommended Nvidia. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2025