** UBS initiates Street coverage on newly-listed data centre landlord and operator DigiCo Infra REIT DGT.AX with a "buy" rating and a price target of A$5.60

** Says it believes DGT is well-positioned to leverage the increasing shift towards cloud computing and uptake in AI

** Brokerage sees "multiple pathways for both earnings and valuation multiples upside" as well as re-rating the stock

** DGT listed on the ASX in mid-December; its IPO raised A$2 bln

** Shares of DGT are down 10.9% at A$4.25, in line with larger rivals Goodman Group GMG.AX and NEXTDC NXT.AX

** AI-exposed stocks in Australia drop after Chinese startup DeepSeek's low-cost AI model sent tech stocks on Wall Street tumbling

(Reporting by Sameer Manekar in Bengaluru)

((Sameer.Manekar@thomsonreuters.com;))