We hosted an investor call with Chip Newcom, CFA, Head of Investor Relations at Equinix.
Talk about a red-hot industry! The Great Cloud Migration was big for the data center business. COVID helped to expedite that migration and data centers saw demand skyrocket. Now, AI is an even bigger driver of demand!
Equinix reported that they’ve pre-sold “a meaningful amount” of future capacity. Demand is so strong that they’re able to sell capacity that they haven’t developed yet. Sounds pretty good to me…no signs of that demand slowing, either. If anything, it will continue to grow. Think about how many companies/businesses are utilizing AI – and we’re at the early stages.
We want to thank Chip for his time and support – feedback from participating investors was tremendous!
