Equinix has raised its annual adjusted core earnings forecast amid robust data center demand, driven by the increasing generative AI adoption. The company has also provided a revenue forecast for the third quarter and reported a sequential increase in adjusted core earnings and funds from operations for the second quarter.
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A colocation provider is a data centre that permits clients to house their servers within its racks, sharing bandwidth. Certain colocation providers also offer interconnection services to facilitate edge-to-core digital goals.
Equinix is considering selling a 25% stake in its Hong Kong data centres, valued at $2 billion, to capitalise on the surge in AI-driven demand.
OUR TAKE Founded in Silicon Valley in 1998, Equinix has expanded globally and now has about 260 data centres worldwide, including…
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