Category: Data

December 07, 2023 BY Elizabeth Anderson

Broadcom shares exceeding expectations for 12 consecutive months

Analysts observe that the 12 consecutive months of exceeding expectations have been spurred on by the rapidly growing demand for artificial intelligence (AI) chips, mainly GPUs, which are provided by tech giants such as Nvidia, and semiconductors. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Hans Mosesmann, analyst at Rosenblatt Securities, suggested that…

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October 25, 2023 BY Elizabeth Anderson

US Dollar pulls back after rocky week outlook

The dollar index, which measures the US currency against its major peers, was bolstered by the Euro's decline, marking a 0.33% uptick to 105.95, recovering from an earlier dip to 105.35, the lowest since September 222. On the other hand, the Euro's performance was not as robust, with a noted rise of only 0.47% to…

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September 22, 2023 BY Elizabeth Anderson

Instacart stock hit a few bumps after its market debut

The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…

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August 31, 2023 BY Elizabeth Anderson

U.S. Dollar finally outruns the cliff edge

Despite this positive tipping point, the dollar registers weak against its recent three-month high. This cooling gives solid indication that the Federal Reserve may be prepping for further interest rate hikes after a slowing down period of economic spending and employment.  APAC Societe General and Global Head of FX Strategy, Kit Juckes noted:  If a…

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Equinix expands footprint in India with a fourth data centre
August 10, 2023 BY Elizabeth Anderson

Equinix expands footprint in India with a fourth data centre

The country’s growing digital economy, which is expected to reach a notable $1trn by 2026, spurred this move. Research conducted by JLL, an international leader in commercial real estate and investment management, showed that the Indian data centre sector reached 637MW during the first half of 2022, with an expected growth of up to 1,318MW…

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Equinix expands footprint in India with a fourth data centre
December 13, 2022 BY Steffy Bogdanova

Equinix expands in South Africa with a $160 million investment in a data center

With the new investment, the company enters strategically important connectivity hub for digital networks. The South African market boasts a significant network of submarine communications cables, established at several points across the country's 2,850 kilometres of coastline. Eugene Bergen, President, EMEA, Equinix, said: We entered the African continent earlier this year with the acquisition of…

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Equinix enters Malaysian market with $40 million initial investment
November 30, 2022 BY Steffy Bogdanova

Equinix enters the Malaysian market with plans to build a new data centre

Jeremy Deutsch, President, Asia-Pacific, Equinix, commented: Establishing a presence in Johor strengthens Equinix's leadership position in Asia-Pacific within a strategic market such as Malaysia, one of the most requested markets in Asia-Pacific by our global customers. I would like to express our gratitude to the Digital Investment Office (DIO), Invest Johor, and Tenaga Nasional Berhad (TNB) for…

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