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Al Etihad
5 days ago
- Business
- Al Etihad
Abu Dhabi, Dubai among top emerging data centre markets
2 July 2025 17:51 REDDY (ABU DHABI)Abu Dhabi and Dubai are among the top two emerging data centre markets globally, according to Cushman & Wakefield's newly released '2025 Global Data Center Market Comparison' report. The UAE's two largest cities are also the highest-ranked emerging markets in the Europe, Middle East, and Africa (EMEA) region. The global study evaluated 97 data centre markets, classifying them as either established or emerging across four regions: Americas, EMEA, and Asia Pacific (APAC). The rankings were based on 20 criteria including power availability, fibre connectivity, development pipeline, land pricing and policy to the report, Abu Dhabi ranked fourth and Dubai sixth globally among all emerging data centre markets. Austin/San Antonio led the global emerging market rankings, followed by Iowa, Pennsylvania, Abu Dhabi, Reno, and Dubai. Other notable markets included Berlin, Helsinki, and Virginia retained its position as the top established data centre market with 5.9 GW of operational capacity, followed by other established hubs such as Phoenix, Dallas, Atlanta, Oregon, Columbus, Beijing, Salt Lake City, Chicago, and Shanghai.'There's a clear link between long-term infrastructure planning and current market performance,' said Edward Macura, Country Head at Cushman & Wakefield Core.'Abu Dhabi and Dubai have created the conditions for scale, and global operators are responding. Access to power, land, and fast-track approvals are converging with demand from AI and cloud platforms – this combination is driving investment decisions.'The UAE currently has more than 250 MW of live data centre capacity, with an additional 500 MW under active development. Among the flagship projects is 5GW UAE-US AI Campus spanning over 10 square miles in Abu Dhabi. The Stargate AI project, backed by OpenAI, Oracle, and Nvidia, was recently unveiled with a planned 1GW capacity as part of the grand plan. Khazna Data Centres remains the dominant operator in the country, accounting for more than 59% of the market share, while cloud expansions by global giants such as AWS, Alibaba, and Equinix continue across both emirates. Notably, Emirates Group is shifting operations to a solar-powered data centre at the Mohammed bin Rashid Solar Park in line with sustainability UAE's data centre market, valued at $1.26 billion in 2024, is projected to grow to $3.33 billion by 2030. This growth is being driven by large-scale capital deployment from both domestic and international investors. ADQ and Energy Capital Partners are investing $25 billion into power infrastructure to support data centre development. In a separate initiative, MGX, Microsoft, and BlackRock are jointly backing a $30 billion AI-related investment programme.'We're seeing investment decisions being made on the strength of delivery performance, not just potential,' Macura added. 'Developers are meeting deadlines, occupiers are pre-leasing, and supporting infrastructure is being delivered in parallel. That consistency is being noticed by institutional capital.'Stargate UAE's first 1 GW of capacity is scheduled to go live by 2026, an accelerated timeline by global standards. Meanwhile, Khazna's 100 MW AI-focused facility in Ajman is also progressing towards phased delivery within 24 months. As AI workloads intensify and power availability becomes a key global constraint, the UAE is positioning itself as a scalable hub for next-generation computing. 'The level of interest we're seeing isn't temporary,' said Macura. 'The UAE has reached the point where it offers both operational reliability and future capacity – those are the markets that will outperform over time.'
Yahoo
23-05-2025
- Business
- Yahoo
BofA's Hartnett Says Buy the Dip in Treasurys as Yields Top 5%
(Bloomberg) — Investors should buy the selloff in long-dated Treasuries as the government is likely to heed warnings from bond vigilantes to bring its debt under control, according to Bank of America Corp.'s (BAC) Michael Hartnett. NY Private School Pleads for Donors to Stay Open After Declaring Bankruptcy Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NYC's War on Trash Gets a Glam Squad NJ Transit Makes Deal With Engineers, Ending Three-Day Strike The 30-year Treasury note (^TYX) is at a 'great entry point' with the yield above 5%, the strategist wrote. Bond investors are 'incentivized to punish the unambiguously unsustainable path of debt and deficit,' he added. US bond yields have surged this week as President Donald Trump's tax cut plan has ignited concerns that it would add trillions of dollars in coming years to already bulging budget deficits, at a time when investor appetite is waning for US assets across the globe. Sentiment toward Treasuries has also taken a hit since Moody's Ratings stripped the US of its top credit grade late last week. The 30-year yield rose to as high as 5.15% on Thursday, just shy of a two-decade high. Long-dated bonds in Japan, Germany, Australia and the UK have also been under pressure, while US equities and the dollar have retreated. Hartnett has recommended bonds over equities this year. The strategist said in the note dated Thursday that Treasuries are now reflecting the drivers of a bear market, with 10-year annualized returns from long-term government bonds falling to a record low of -1.3% in January. —With assistance from Michael Msika. Why Apple Still Hasn't Cracked AI How Coach Handbags Became a Gen Z Status Symbol Inside the First Stargate AI Data Center Anthropic Is Trying to Win the AI Race Without Losing Its Soul Microsoft's CEO on How AI Will Remake Every Company, Including His ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
14-05-2025
- Business
- TechCrunch
OpenAI may build data centers in the UAE
In Brief OpenAI is reportedly considering building data centers in the United Arab Emirates to greatly expand its Middle East footprint. A deal could be announced as soon as this week, according to Bloomberg. As Bloomberg notes, OpenAI has a long relationship with the UAE. In 2023, the company partnered with Abu Dhabi's AI firm G42, which last year received a $1.5 billion investment from OpenAI backer Microsoft. Meanwhile, an investment vehicle overseen by an Emirati royal family member, MGX, participated in a recent OpenAI funding round and plans to contribute to OpenAI's Stargate AI infrastructure project. OpenAI is seeking to more closely partner with governments seen as friendly to the U.S. Earlier this month, the company launched a program, OpenAI for Countries, saying it will enable it to build out the local infrastructure needed to better serve international AI customers and 'spread democratic AI.'
Epoch Times
01-05-2025
- Business
- Epoch Times
Microsoft's Earnings Soar on Cloud Sales, Well Above Wall Street Expectations
Sales of Microsoft Corp.'s growing cloud services jumped more than 20 percent in the third quarter of fiscal year 2025, boosting earnings and surpassing Wall Street expectations. For the period ending March 31, the Redmond, Washington-based software giant The West Coast tech titan was expected to report third-quarter earnings per share of $3.20 on revenue of $68.54 billion, according to FactSet's consensus estimates. During the 'Cloud and AI are the essential inputs for every business to expand output, reduce costs, and accelerate growth,' said Nadella, noting that Microsoft Cloud revenue rose 20 percent to $42.4 billion. In highlighting the company's growing AI business, Nadella said Microsoft continues to expand its global data center capacity to handle the growth of cloud computing and AI businesses. He said Microsoft opened data centers in 10 countries across four continents during the quarter. 'We continue to optimize and drive efficiencies across every layer from data center design to hardware and silicon to system software to model optimization, all towards lowering costs and increasing performance,' Nadella said. Related Stories 4/25/2025 4/25/2025 For the quarter, Microsoft reported capital spending of $16.7 billion, up from $11 billion in the same period a year earlier. CFO Amy Hood told analysts that the company's capital expenditure outlook remained unchanged but noted that 'it will grow at a lower rate than fiscal 2025 and will include a great mix of short-lived assets.' 'These investments, along with focused execution that delivers near-term value to our customers, will continue to lead the cloud and AI opportunity ahead,' Hood said. Microsoft Currently, Microsoft and OpenAI have revenue-sharing agreements that flow both ways, ensuring that both companies benefit from increased use of new and existing models. Microsoft is already a major investor in OpenAI, providing funding and capacity to support its advancements while benefiting from its valuation growth. Microsoft also reiterated its partnership with OpenAI on the Stargate AI infrastructure project. During a White House ceremony on Jan. 21, Microsoft, OpenAI, Oracle, and Japanese investor Softbank first announced the Trump-endorsed British technology company Arm Holdings plc, Microsoft, NVIDIA, and Oracle agreed to deploy an initial $100 billion investment immediately. In January, Microsoft also At the close of business on April 20, Microsoft's shares closed up 0.31 percent at $395.26 on the Nasdaq Stock Exchange. In the after-hours session, the stock gained 6.93 percent $425.
Yahoo
04-04-2025
- Business
- Yahoo
Jim Cramer Thinks Powell Industries (POWL) Selloff After DeepSeek Was ‘Overdone'
We recently published a list of . In this article, we are going to take a look at where Powell Industries Inc (NASDAQ:POWL)stands against other stocks that Jim Cramer was talking about amid Trump's trade wars. Jim Cramer in a latest program on CNBC urged investors to start accepting the reality of the new economic system under President Trump and said the new tariffs will result in higher prices and more volatility. Cramer said Trump does not 'care' about stock prices or inflation and wants to punish the country's trading partners. 'Yes, I want this over. Yes, I want clarity. I want some sense of how this can all end, but that makes me a fool like the rest of us. We keep thinking that's the point. That's how… that's not how Trump sees it. Here is the point: we should simply be looking at companies that cater to small- and medium-sized businesses that can't be hurt by tariffs. We need to accept a higher level of inflation because it's coming. We should take our out some money and put it on the sidelines, betting that this will end someday, even if we don't know when. But right now, we have to get with the program and the president. The program is taking down our trading partners and hurting bottom lines all over the place. He doesn't care. He demonstrated that tonight. So you better get used to it.' READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In For this article we picked 10 stocks Jim Cramer was talking about over the past few weeks. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A circuit breaker installed in a control panel illuminated by bright LEDs. Number of Hedge Fund Investors: 26 Jim Cramer in a latest program on CNBC analyzed the downfall of Powell Industries Inc (NASDAQ:POWL) from being a data center darling to seeing massive declines, especially after the launch of DeepSeek in China. Cramer said Powell Industries Inc (NASDAQ:POWL) rose due to the data center boom but started losing value once the AI trade began to cool off. 'This is not an ordinary moment, people. It's been really interesting to watch Powell stock since the calendar flipped to 2025. It actually went on a huge run in mid-January, climbing quickly from around $230 to nearly $330 in a blistering six-day rally. At one point, that was right after SoftBank, Oracle, and OpenAI announced their $500 billion Stargate AI data center investment project at the White House. Like I said, when the data center was hot, this thing was unstoppable. However, you live by the data center sword, you die by the data center sword. That January rally was followed almost immediately by a sickening 16% decline on January 27th. You know, that day is now known on Wall Street, at least, as 'DeepSeek Monday,' when the AI data center stocks just collapsed after the release of a reportedly low-cost Chinese model that seemed to perform just as well as the US competition while using far less hardware. Since then, POWL stock has become the house of pain. Of course, Powell's not alone here. Everything connected with the data center theme, as I said at the top of the show, has been taking a hit, including the old-line industrial plays that looked like they had made it last year. I think this is now overdone, but many think that the buildout was overdone and we are now past our due date if we own these stocks.' Diamond Hill Capital Long-Short Fund stated the following regarding Powell Industries, Inc. (NASDAQ:POWL) in its first quarter 2024 investor letter: 'As valuations have risen, it has become increasingly challenging to find high-quality companies trading at interesting valuations. Accordingly, we didn't initiate any new long positions during the quarter. However, we did introduce three new short positions, including Powell Industries, Inc. (NASDAQ:POWL), Royal Caribbean Group and YETI Holdings. Overall, POWL ranks 8th on our list of stocks that Jim Cramer was talking about amid Trump's trade wars. While we acknowledge the potential of POWL, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than POWL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Sign in to access your portfolio
