Reported 2 months ago
Equinix has increased its annual adjusted core earnings forecast, anticipating strong demand for its data center services driven by the rise of generative artificial intelligence. As businesses seek to integrate AI capabilities and move workloads to the cloud, the need for high-performance servers housed in advanced data centers has grown. Equinix has also made moves to expand in Southeast Asia, acquiring three data centers in the Philippines. The company now expects adjusted core earnings for fiscal 2024 to be between $4.07 billion and $4.13 billion.
Source: YAHOO