Chindata set to ride AI-powered explosion in demand for data … – PR Newswire
The data center operator has forecast 30% revenue growth this year, but says there’s potential for upside as its customers roll out new data-hungry AI applications
Key Takeaways:
- Chindata has forecast its business will grow about 30% this year, with potential for upside fueled by the explosion in AI applications
- The data center operator is the most highly valued among its Chinese peers, but trails global rivals due to geopolitical factors
BEIJING, May 10, 2023 /PRNewswire/ — Go with the flow, and do business with the heavyweights.
Those are two key takeaways in the latest earnings from data center operator Chindata Group Holdings Ltd. (CD.US), which continued to power past its local rivals in the final quarter of last year, in no small part by syncing with Beijing priorities and focusing on a small group of big-name internet customers. At the same time, the company gave out relatively conservative guidance for 2023, at least compared to its breakneck 60% revenue growth last year….
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source: https://news.oneseocompany.com/2023/05/10/chindata-set-to-ride-ai-powered-explosion-in-demand-for-data-pr-newswire_2023051044679.html
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