Morgan Stanley Sees Data Centers Driving Construction

MORGAN STANLEY SEES DATA CENTERS DRIVING CONSTRUCTION Morgan Stanley said data centers and infrastructure remain the strongest construction end markets, based on AI analysis of 28 companies' Q2 earnings calls.

U.S. non-residential construction and repair activity stayed resilient, while residential markets weakened, particularly in the U.S.

Most companies maintained guidance despite cost pressures.

Morgan Stanley favors Saint-Gobain, Kingspan, Rockwool, Heidelberg Materials, and Belimo, while remaining cautious on Nibe, Ariston, Geberit, and Wienerberger.