AI Demand Drives Record Data-Centre Leasing at Digital Realty
Digital Realty, a data-centre company, reported its latest earnings. Demand from artificial intelligence pushed it to record new leases for space, and it could charge higher prices. The results show how strongly AI demand is still lifting the data-centre business.
Quick glossaryDigital Realty, Earnings, Pricing power
- Digital Realty
- A US company, based in Austin, Texas, that owns large data centres and rents space in them to other businesses.
- Earnings
- The money a company made over a set period, usually shared in a report every few months for investors to read.
- Pricing power
- A company's ability to raise its prices without losing many customers, because people really need what it sells.
Burning Potato score: 59%