Earnings, cloud, AI, GPU providers, capital raises Europe, APAC, self-build, hyperscale
It was a busy but shorter week across the sector, with public holidays in a number of countries. The week was highlighted by more from earnings season, movement in the GPU cloud provider space, European expansion activity from Microsoft and self-build developments in APAC.
We continue to push through earnings season and in the past week we took a closer look at the results coming from Equinix and Cloudflare. Equinix saw more strong leasing for its xScale services, while Cloudflare had another quarter of recovery from the recent deceleration phase. Recent trends around stabilization continues, though there appear to be some differences between the enterprise and mid-market. The former seems to be recovering, but moving a bit slower than the latter.
The GPU cloud provider space continues to ramp up as demand for AI rises. Two emerging providers – Lambda and Together AI have recently raised capital, and are eying more, as they look to expand their infrastructure to meet demand.
Meanwhile, hyperscale continues to push forward and Microsoft is investing heavily in several European markets. It recently revealed plans to make large investments in infrastructure and cloud and AI training in Spain and Germany.
Finally, hyperscalers continue to self-build. In APAC, AWS disclosed plans to build its own data centres in both Sydney and Melbourne, while data centre leasing continues to be steady in Australia.
or