BARCLAYS-数据中心-微软、Meta、亚马逊对行业的影响分析

Equity Research 4 May 2025 Data centers MSFT, META, AMZN read-through for the industry Strong cloud growth, especially at Azure, is supporting continued investment infrastructure - chips, servers, power, and data centers. Our view: For the shares of data centers in our coverage to continue appreciating, DLR likely needs to sustain >1MW leasing. IRM only has ~10% of revenue from data centers, but it too will likely need to make some leasing progress in 2Q25 to keep investor confidence that its 125MW guidance ...