Analyst Notes

Meta reports 2Q25 results; updated CapEx outlook, more AI infrastructure investments

August 4, 2025
Philbert Shih

Meta reported its 2Q25 results and shared important data points about its data centre requirements a...

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OpenAI chooses Nscale, Aker for Stargate Norway facility

August 4, 2025
Sacha Kavanagh

OpenAI will open a data centre in Norway in partnership with UK-based neocloud Nscale and Norwegian ...

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WSS: Hyperscalers earnings show accelerating growth and investment levels as demand continues to outpace supply

August 4, 2025
Philbert Shih

The past week saw earnings season pick up pace and we got more visibility into the performance of t...

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Switch Datacenters secures land, permits for Warsaw data centre

August 3, 2025
Sacha Kavanagh

Switch Datacenters confirmed it had acquired land and received permits for a data centre in Warsaw, ...

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Fastly looks internally for new CEO

August 1, 2025
Philbert Shih

astly elevated its chief product officer Kip Compton to the CEO position. ...

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Amazon reports 2Q25 results; growth acceleration and CapEx upticks amid ongoing supply and demand imbalance

August 1, 2025
Philbert Shih

Amazon reported its 2Q25 results, which showed some steady growth acceleration and an increase in Ca...

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Microsoft reports 4QFY25 and FY25 results; Azure growth, CapEx acceleration in face of strong demand signals

August 1, 2025
Philbert Shih

Microsoft reported its 4QFY25 results, which showed accelerating revenue growth for Azure even as th...

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EXA expands fibre connectivity between London, Frankfurt, Amsterdam, Brussels

August 1, 2025
Sacha Kavanagh

EXA Infrastructure deployed a new 1.2k km fibre route connecting London to Frankfurt, Amsterdam and ...

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Carrier Connect Data Solutions acquires two colocation data centres

August 1, 2025
Philbert Shih

Carrier Connect Data Solutions, based in Vancouver, BC, made a pair of acquisitions in recent weeks....

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MI: CapEx outlays rising further as hyperscalers invest to meet supply and demand imbalance

July 31, 2025
Philbert Shih

CapEx is a good indicator of addressable market for the hyperscale data centre sector. ...

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MI: Hyperscale earnings with common threads all pointing in a positive direction

July 31, 2025
Philbert Shih

The past month saw earnings season kick off with the ‘big four’ US hyperscalers – ...

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MI: Strategic investments, new company formation signalling sector health, investor interest

July 31, 2025
Philbert Shih

The past month saw significant strategic investment activity and new company formation. ...

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