Will cloud giants really drive colos off a financial cliff?
"I think Jim maybe isn't aware that demand has never been stronger in our space," he told the financial news network."He refers to our cloud service providers as our competitors, but we view them as our partners, and they view us as partners. We enable their growth around the world."
Stein isn't wrong to point out the colocation provider's geographic reach, which remains one of colocation providers' biggest advantages over their cloud counterparts. The major cloud providers operate a relatively small number of large datacenters, predominantly clustered in key metros around the world.
Speaking to CNBC this week, Stein hammered this point, arguing that the company was largely isolated from rising interest rates for similar reasons. Despite these claims, datacenter REITs, and the broader tech space in general, have seen their valuations decline precipitously since the start of the year.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yazmin Oukhellou's mum rushes to bedside after horror crash leaves one deadYazmin Oukhellou's on-and-off partner Jake McLean tragically died when their car crashed off a cliff in Turkey, leaving Yasmin in critical condition with very serious injuries
Read more »
Unlock your creativity with 20% off Adobe Creative Cloud in EuropeWant to get creative (and live in Europe, the Middle East or Africa)? There's currently 20% off the Adobe CC subscription - ends 11 July!
Read more »
Cloud infrastructure spend to top non-cloud in 2022: IDCCloud infrastructure spend to crack $90B and overtake non-cloud in 2022: IDC
Read more »
Drunk driver crashed into railings found to be over FOUR times the limitDarren Marsland, 39, was banned from driving for 32 months after admitting drink driving
Read more »
Towie's Yazmin Oukhellou seriously hurt and Jack McLean killedTOWIE stars were last night praying for their TV pal Yazmin Oukhellou after a car crash that killed her boyfriend Jake McLean. Yazmin, 28, was in a serious condition in hospital after th…
Read more »