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Results for "Digital Realty"

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Smoke Rises from Virginia Data Center Amid Heat Wave
BusinessBusiness Insider1mo ago

Smoke Rises from Virginia Data Center Amid Heat Wave

Dark smoke was seen rising from a Digital Realty data center in Northern Virginia as a severe heat wave pushed the regional power grid close to its limits. Energy regulators warned that data centers could face power cuts.

Analysis Identifies Top Data Center Stocks for the Next Decade
BusinessYahoo1mo ago

Analysis Identifies Top Data Center Stocks for the Next Decade

An analysis highlights several companies, including HP (HPE), Digital Realty (DLR), and Comfort Systems (FIX), as among the best data center stocks to buy and hold for the next decade. These companies are recognized for their strong positions in the growing data center market.

Digital Realty Acquires Blackstone's Data Center Stakes for $3.5 Billion Amid Outrage
Businessbloombergchannel-news-asiaseeking-alpha+1zerohedge1mo ago4 sources

Digital Realty Acquires Blackstone's Data Center Stakes for $3.5 Billion Amid Outrage

Digital Realty has agreed to acquire Blackstone's stakes in three data centers for $3.5 billion, valuing the assets at $7.8 billion. This deal, which follows Digital Realty's pricing of a $2.28 billion secondary stock offering by Blackstone, comes amid grassroots outrage over Blackstone's sale of its stake in three Virginia data centers.

Baron Real Estate Fund Adjusts Holdings in Q1
BusinessYahoo2mo ago

Baron Real Estate Fund Adjusts Holdings in Q1

The Baron Real Estate Fund made significant adjustments to its portfolio in the first quarter, selling its stake in Louisiana-Pacific Corporation (LPX). Concurrently, the fund added Digital Realty Trust (DLR) to its holdings, citing improved valuation.

Digital Realty Upgraded to Buy by Guggenheim
Businessseeking-alpha1mo ago

Digital Realty Upgraded to Buy by Guggenheim

Digital Realty has received an upgrade to 'Buy' from Guggenheim, with analysts citing the company's strong advantage in the data center market as the primary reason for the positive outlook.

Aaron Carter's Family Settles Wrongful Death Lawsuit
BusinessbloombergNYTFox News+8Yahoovarietyhollywood-reporterrolling-stonernzbillboardtmzmyjoyonline3mo ago11 sources

Aaron Carter's Family Settles Wrongful Death Lawsuit

Aaron Carter's family has reached a settlement with a psychiatry clinic over Xanax prescriptions in a wrongful death lawsuit. The agreement concludes legal action related to the late singer's passing.

Middle East Conflict Boosts Electric Car Demand in Asia
Environmentcapital-bgDawnpunch-ng+1kuwait-times4mo ago4 sources

Middle East Conflict Boosts Electric Car Demand in Asia

The ongoing conflict in the Middle East is reportedly driving up demand for electric vehicles across Asia. This surge is attributed to concerns over oil supply and prices stemming from the regional instability.

TechnologyDawn5mo ago

India plans AI ‘data city’ on staggering scale in Andhra Pradesh

As India races to narrow the artificial intelligence gap with the United States and China, it is planning a vast new “data city” to power digital growth on a staggering scale, the man spearheading the project says. “The AI revolution is here, no second thoughts about it,” said Nara Lokesh, information technology minister for Andhra Pradesh state, which is positioning the city of Visakhapatnam as a cornerstone of India’s AI push. “And as a nation… we have taken a stand that we’ve got to embrace it,” he told AFP ahead of an international AI summit next week in New Delhi. Lokesh boasts the state has secured investment agreements of $175 billion involving 760 projects, including a $15bn investment by Google for its largest AI infrastructure hub outside the United States. And a joint venture between India’s Reliance Industries, Canada’s Brookfield and US firm Digital Realty is investing $11bn to develop an AI data centre in the same city. Visakhapatnam — home to around two million people and popularly known as “Vizag” — is better known for its cricket ground that hosts international matches than cutting-edge technology. But the southeastern port city is now being pitched as a landing point for submarine internet cables linking India to Singapore. “The data city is going to come in one ecosystem… with a 100 kilometre radius,” Lokesh said. For comparison, Taiwan is roughly 100km wide. ‘Whole nine yards’ Lokesh said the plan goes far beyond data connectivity, adding that his state had “received close to 25 per cent of all foreign direct investments” in India in 2025. “It’s not just about the data centres,” he explained while outlining a sweeping vision of change, with Andhra Pradesh offering land at one US cent per acre (three per hectare) for major investors. “I’m chasing the companies that make those servers that go sit in those data centres, the companies that make the entire air conditioning, the water-cooling system — the whole nine yards.” The 43-year-old, Stanford-educated minister is the son of Andhra Pradesh Chief Minister N. Chandrababu Naidu, who helped turn Hyderabad into a major technology hub that is dubbed “Cyberabad”. They are allies of Prime Minister Narendra Modi, who will host the AI Impact Summit from Monday. India is now third in a global AI power ranking — sitting above South Korea and Japan — based on more than 40 indicators from patents to private funding calculated by Stanford University’s Institute for Human-Centred AI. With more than a billion internet users, India has seen a surge of investment as generative AI players seek inroads to the world’s most populous country. Microsoft said in December it will invest $17.5bn to help build the country’s artificial intelligence infrastructure, with CEO Satya Nadella calling it the firm’s “largest investment ever in Asia”. But critics say India lags in access to high-end computing power or commercial AI deployment, and remains more a consumer than creator of the cutting-edge technology. Some question whether data centres will create meaningful employment when up and running, but Lokesh rejects that. “Every industrial revolution has always created more jobs than it has displaced,” he said. “But it has created those jobs in countries that have embraced the industrial revolution.” ‘Learned from China’ Lokesh argues that the jobs and economic benefits would more than compensate for the giveaway cost of land. He said the state government had accounted for the vast electricity and water demands for the energy-hungry industry, and would tap “surplus water” that drains into the Bay of Bengal to cool the massive data centres. “It’s a crime that so much water during monsoons goes into our oceans,” he said. He cited China as an inspiration — admiring how India’s rival had “been able to systematically bring people out of poverty” at speed. The state’s plan to create industrial clusters was something he had “learned from China”. With a target of six gigawatts of data centre capacity — three already signed and another three in the pipeline — Andhra Pradesh is betting that speed and scale will give it an edge. New Delhi last year agreed to “in-principle approval” for six 1.2 GW nuclear power plants at Kovvada in Andhra Pradesh. “We are on a journey,” Lokesh said. “We will execute these projects at a pace that the country has never seen”.

Top Wall Street Analyst Calls for Wednesday Released
BusinesscnbcYahoo1mo ago2 sources

Top Wall Street Analyst Calls for Wednesday Released

Wall Street analysts have released their top research calls for Wednesday, covering major companies like Nvidia, SpaceX, Tesla, and Microsoft. These calls provide insights into market expectations and investment recommendations.

Businessglobe-and-mail3mo ago

Market Analysts Offer Views on Diverse Public Companies

Market analysts have provided insights and commentary on a range of public companies across various sectors, including consumer cyclical, financial, and real estate firms. These insights now cover companies such as Ford Motor, Rollins, Boot Barn, Robinhood, and Digital Realty.

Intel Shares Soar on Strong Earnings and AI-Fueled Forecast
TechnologyReutersbloombergNYT+12wsjFTcnbctagesschauberlingskemarketwatchYahoostraits-times+4 more3mo ago15 sources

Intel Shares Soar on Strong Earnings and AI-Fueled Forecast

Intel's stock surged significantly after the company reported strong earnings and provided an optimistic sales forecast, largely driven by demand for AI-related CPUs. This performance indicates a potential boost from the artificial intelligence boom.

Wall Street Analysts Issue Diverse Research Calls Across Multiple Sectors, Including Grab Holdings
BusinesscnbcYahooseeking-alpha4mo ago3 sources

Wall Street Analysts Issue Diverse Research Calls Across Multiple Sectors, Including Grab Holdings

Wall Street analysts have released a range of research calls, including updates on Scotts Miracle-Gro, Colgate-Palmolive, Townsquare Media, Concentrix, Oxford Industries, Dime Community Bancshares, Buckle, UDR, Mid-America Apartment Communities, Winnebago, BankUnited, Smithfield Foods, THOR Industries, JPMorgan Chase, and a 'Buy' rating for Grab Holdings from Barclays.