Equinix stock soars on Q1 earnings driven by data centers

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Equinix News

Julie Hyman,US Department Of Justice,Data Center

Shares of Equinix (EQIX) are booming on Thursday, propelled by the company's first-quarter earnings beat. The results were driven by Equinix's ownership of...

are booming on Thursday, propelled by the company's first-quarter earnings beat. The results were driven by Equinix's ownership of various data center facilities. This comes after the company received a subpoena from the US Department of Justice back in March.Uh they are trading up as the A I boom ripples into the real estate market company reporting better than expected first quarter earnings yesterday, largely due to its data center ownership.

But this step that the company did itself seems to have made some progress and it looks like a bit of a relief rally really is what we're seeing in the shares today. The halving is a change to Bitcoin’s programmatic monetary policy which cut in half the issuance of new tokens, restricting supply.Telus Corp. plans to invest $73 billion to bolster its networks over the next five years, chief executive Darren Entwistle announced Thursday at the telecommunications company's annual general meeting. The investment would cover new infrastructure, technology, operations and spectrum, he said.

 

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