Earnings, GPU, supply chains, M&A, data centre expansions, cloud node expansions
The past week saw more from earnings season, developments in the GPU space, some M&A and extensive cloud node and data centre expansion activity.
Earnings season continues to show signs of industry-wide stabilization and growth, with Equinix on the data centre side and Akamai on the cloud side reporting 2Q24 results. Equinix saw healthy xScale leasing and Akamai’s cloud and security businesses continue to outpace growth in traditional delivery.
The GPU cloud space continues to push forward, but as is often the case, things do not always play out in a straight line. There are some supply chain issues emerging around the newest line of GPUs coming from NVIDIA and we consider how that may impact the infrastructure services ecosystem around data centre and hyperscale cloud. Meanwhile, GPU cloud providers continue to partner and innovate to enable developers to build AI applications. In the past week, we saw Vultr partner with Run.ai for AI workload orchestration.
M&A activity continues to show signs that activity is picking up. Quinbrook and UPP co-invested in Rowan Infrastructure and US Signal acquired a data centre in Detroit, Michigan.
The pace of data centre expansion is always a good sign of the overall health of the sector and various markets around the world saw activity. Edged Energy is building in Columbus, Ohio and Mesa, Arizona, Start Campus secured power in Portugal, Cirion acquired land in Rio, ODATA began work on another data centre in Queretaro, Yondr received planning permission for its Slough, UK campus and Vantage Data Centers expanded again in Cyberjaya, Malaysia.
Finally, cloud nodes continued to proliferate across both the hyperscale and webscale tiers. Leaseweb expanded in three US locations, Oracle Cloud opened a second region in Saudi Arabia and Canada’s Hypertec Cloud is set to open more GPU cloud nodes in Columbus, Ohio and other US locations.
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