Jul. 24 at 6:28 PM
The data center trade is showing strength again today.
$DLR,
$SLB, and
$EQIX are all catching bids after earnings reinforced that demand for AI infrastructure and data center capacity remains strong.
$DLR stood out by raising its 2026 guidance, backed by a record
$1.9B lease backlog and 25.4% higher cash renewal rates. That's the kind of data I like to see because it points to continued customer demand, not just short-term excitement.
$SLB also surprised me. Its Data Center Solutions business grew 80% YoY to
$186M, and management still expects that segment to surpass a
$1B annualized revenue run rate by year-end.
Now I'm watching
$EQIX closely. It appears to be benefiting from the positive read-through ahead of next week's earnings, and those results could become another key catalyst for the sector.
The AI infrastructure story is far from over. Execution is still separating the leaders from everyone else.
Hope your session is going well. Any breakout worth watching? Let's compare notes.
