BIPC - This Trillion-Dollar Opportunity Is Another Reason This Growth Stock Is a Screaming Buy
Data usage is rising rapidly. That requires more infrastructure to support its movement and storage. Companies will need to invest $1 trillion of capital in the next five years to upgrade global data infrastructure. That's only a fraction of the longer-term investment opportunity in digital infrastructure.
One company increasingly focused on that opportunity is Brookfield Infrastructure (NYSE: BIPC) (NYSE: BIP) . It's helping drive outsized growth in the near term and should continue powering the company well into the future. That data-driven growth potential is one of many factors that makes Brookfield Infrastructure look like a streaming buy.
The digitization trend is providing companies with enormous opportunities to invest capital to support the exponential increase in data usage. Brookfield Infrastructure sees a threefold market opportunity:
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This Trillion-Dollar Opportunity Is Another Reason This Growth Stock Is a Screaming Buy