If revenue and potentially profit double in a relatively short amount of time, that could send the share price shooting higher.

There are plenty of businesses growing quickly, and the experts at Wilson Asset Management have picked out some specific names that could be compelling.

One of the businesses that could be a particularly attractive investment is Dxn Ltd (ASX: DXN). It's a pick in the WAM Active Limited (ASX: WAA) portfolio, a listed investment company (LIC) that targets mispricing opportunities in the Australian market.

What makes this ASX growth share attractive?

DXN is a modular data centre manufacturer and operator with a presence across the Asia-Pacific region. It says it works with major government and blue-chip enterprise customers.

It recently established its first manufacturing footprint outside Australia, with a wholly owned manufacturing facility in Johor, Malaysia. The company said that current manufacturing expansion plans support future capacity growth.

The company has also established a non-binding joint venture with Super Sistem Indonesia (SSI), an existing customer and Indonesian critical digital infrastructure operator, to build a strategic footprint in a region observing rapid digital infrastructure growth.

Wilson Asset Management noted that the DXN share price rose by 53% in September as investors continued to respond positively to the company's FY26 result, which was released at the end of August.

That result highlighted a record order backlog and growing demand for artificial intelligence (AI) related data centre infrastructure.

WAM said it remains positive on DXN's outlook due to its growing exposure to the rapidly expanding AI data centre sector, supported by "strong contract momentum" and pipeline opportunities across Australia and the Asia-Pacific region.

The fund manager highlighted that speed to market is an increasingly critical factor in the sector. It's rapidly expanding capacity throughout Australia and Asia, with delivery across multiple customers.

In the FY26 update, the company said that it secured its maiden high-performance computing (HPC) contract. The contract is worth US$200 million, but it's contingent on the company successfully demonstrating a proof of concept for the module.

DXN also said in its FY26 results that it entered FY27 with growing demand across AI infrastructure markets, with its second AI HPC contract win valued at approximately $12.2 million. The ASX growth share said this demonstrates "repeatable demand for DXN's AI-ready modular platform across markets".

Overall, this company is tapping into an area of strong growth where a lot of real money is being spent.

The post This is an exciting ASX growth share that experts think is a buy appeared first on The Motley Fool Australia.

If you're not familiar with DXN, the company manufactures and operates modular data centres.

And business is booming. Here's what I mean.

Tipping $5,000 into ASX AI stock DXN in March

Back in March, I hadn't yet heard of DXN. But I wish I had.

You see, on 24 March, DXN shares closed the day trading for 2 cents apiece.

So, for $5,000, I could have bought 250,000 shares in the ASX AI stock. I would then have watched the share price drop to 1.5 cents by market close on 13 April, cutting my initial $5,000 investment to just $3,500.

But if I'd held tight through those early losses, I would then have watched the stock go on an epic tear.

Indeed, in morning trade today, DXN shares are up another 4.6%, currently changing hands for 45.5 cents apiece.

Which means the 250,000 shares I bought six months ago for just $5,000 would be worth $113,750 today. Or a gain of 2,175%.

Boom!

What's been sending DXN shares to the moon?

Investors have been bidding up the ASX AI stock as DXN kicks off FY 2027 with growing demand for its modular models across AI infrastructure markets.

"FY26 will be remembered as the year DXN's long-term investment thesis came into focus," DXN managing director Shalini Lagrutta said following the release of the company's full-year results on 31 August.

Lagrutta added:

While revenue for the year was impacted by customer-side project deferrals, our maiden AI HPC contract validated years of investment behind our AI-ready modular platform and drove a five-fold increase in the company's market capitalisation.

We enter FY27 with our strongest-ever backlog currently sitting at $40.9 million as of 30 August 2026 and a rapidly maturing pipeline of identified projects, of which approximately 21% are AI infrastructure related.

Is the ASX AI stock still a good buy today?

Despite its 20-bagger status, Wilson Asset Management – which is a major shareholder in the ASX AI stock – is still adding to its position.

According to Wilson Asset Management portfolio manager Shaun Weick (quoted by the Australian Financial Review):

We think DXN has the potential to be a multi-bagger from here and is one of the best micro-cap opportunities on the ASX…

They have engineered a modular solution, which critically accelerates the rollout of AI factory capacity. They have been awarded multiple initial contracts which, if delivered successfully in coming months, unlocks gigawatt-scale projects which is a multi-billion-dollar revenue opportunity.

The post If I'd invested $5,000 in this ASX AI stock 6 months ago, I'd have $113,750 today! appeared first on The Motley Fool Australia.

Yes, many investors may be drawn to names like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA) and Woolworths Group Ltd (ASX: WOW). But these blue-chips are unlikely to keep growing quickly because of their size and how mature their markets already are.

The fund managers of listed investment company (LIC) WAM Active Ltd (ASX: WAA) have outlined two businesses that have promising outlooks.

WAM Active looks for mispriced ASX shares. Let's look at two of the latest businesses that were highlighted within the portfolio.

Dxn Ltd (ASX: DXN)

The first company that Wilson Asset Management (WAM) talked about was DXN, a prefabricated data centre manufacturer and operator, scaled across the Asia-Pacific region.

WAM noted that the DXN share price increased in August after the company announced a $4.1 million contract with Melbourne Airport to design, manufacture and commission a prefabricated edge data centre facility.

The fund manager also noted that DXN's FY26 result also highlighted a record order backlog of $40.9 million and growing demand for its artificial intelligence- ready modular data centre solutions.

DXN also secured its second AI high-performance computing contract, providing confidence in its growth outlook.

Overall, WAM believes that the ASX share is well-positioned to benefit from accelerating investment in AI infrastructure, supported by an expanding order book, increasing manufacturing capacity and a growing presence across the Asia Pacific region.

Cobre Ltd (ASX: CBE)

Cobre was the other ASX share that Wilson Asset Management mentioned from the WAM Active portfolio. WAM described Cobre as a global copper company focused on exploration and production in Chile's Atacama region and Botswana's Kalahari Copper Belt.

The fund manager noted that the Cobre share price rose strongly during the month after several positive corporate developments.

Pleasingly, the company was included in the MSCI Global Micro Cap Index, which is expected to enhance the ASX share's profile among international investors and support broader institutional ownership. Its inclusion took effect on 1 September 2026.

On 10 August, Rothschild & Co was appointed as a strategic advisor to further develop the company's capital markets positioning.

At the end of the month, Cobre also strengthened its position in the Sierra Atacama copper project by securing majority ownership and increasing its exposure to future production and cash flow.

Looking ahead, WAM continues to see value in Cobre, driven by its growing exposure to the Sierra Atacama copper project and multiple operational catalysts in the coming months.

Of course, these aren't the only ASX shares out there that could be great buys today.

The post Fund managers: 2 exciting ASX shares that could be excellent buys appeared first on The Motley Fool Australia.

Four exciting small cap tech shares listed on the Australian share market that I think investors should be better acquainted with are listed below.

Here's why I like them:

Data Exchange Network Limited (ASX: DXN)

Data Exchange Network is a new listing on the ASX and a company aiming to capitalise on the growing demand for data centre services brought about by the incredible rise of cloud computing. As well as opening two data centres of its own in Melbourne and Sydney, the company builds modular data centres on demand on behalf of its customers.

ELMO Software Ltd (ASX: ELO)

I think that this cloud-based talent management software solutions provider could have a bright future ahead of it based on its progress so far. ELMO smashed expectations in FY 2017 and is on course to do so again in FY 2018 thanks to the strong demand it is experiencing for its services. This strong performance recently enabled the company to raise $45 million from institutional investors to accelerate its growth.

Gentrack Group Ltd (ASX: GTK)

Gentrack is a billing software provider that provides its services to airports, water, and electricity companies. It has an impressive and fast-growing customer list which includes one of the world's largest energy utility service providers, E.ON. Thanks to the quality and stickiness of its product, I expect Gentrack's recurring revenues to grow at a solid rate over the next few years.

Hub24 Ltd (ASX: HUB)

This investment and superannuation platform provider continues to go from strength to strength and recently reported a 42% increase in net inflows on its platform to $595 million. This lifted its total funds under administration to $7.4 billion at the end of the third quarter. While its shares are changing hands at a lofty 55x estimated FY 2019 earnings, I do think its current growth profile goes some way to justifying this premium.

The post 4 small cap tech shares I would buy today appeared first on The Motley Fool Australia.

NEXTDC will defend claims it denied Asia Pacific Data Centre (ADPC) access to its three property sites in Sydney, Melbourne and Perth, as APDC attempted to allow prospective purchasers to inspect the real estate.

The fresh legal action comes after a 2017 issue involving 360 Capital Group Ltd (ASX: TGP), after 360 made an overture for a controlling stake in ADPC, which NEXTDC tried to block.

Investors are obviously spooked by the drama within NEXTDC ranks and the company trades at a very high PE ratio of 167.8, increasing its risk profile substantially.

A new player has emerged in the space recently, with Data Exchange Network Ltd (ASX: DXN) grabbing the attention of Macquarie Group Ltd (ASX: MQG) who took up a 5.4% holding in the company.

Other tech stocks to watch today include software company Bravura Solutions Ltd (ASX: BVS) and Xero Limited (ASX: XRO), both of which are down today after flying to 52-week high territory earlier in the week.

The post Nextdc Ltd shares lower on legal spat appeared first on The Motley Fool Australia.