Marcel · 2024-04-07T10:12:42.500162Z

Moin, angenommen ihr glaubt, dass die Masse am Bau neuer Data Center immer noch zu konservativ geschätzt wird - wo seht ihr unter Berücksichtigung aktueller Bewertungen und damit CRV Potenzial? Wer wird davon noch stark profitieren, wo es vllt noch nicht zu extrem eingepreist ist? Chip Designer natürlich, aber die möchte ich außen vor lassen, da ich mich da mit $ASML und $AVGO gut dran beteiligt sehe und ich z. B. davon ausgehe, dass $NVDA die Preise so nicht halten können wird und die Big Techs weiter in den Markt drängen werden. Ich dachte an Baufirmen wie $HOT oder nötige Kühlungseinrichtungen etc. Unternehmen aus der 2. Reihe. Gerne her mit Ideen und Begründungen. 💪🏼

@Kytez

9Mon·

Hello,

Assuming you believe that the mass of new data center construction is still estimated too conservatively - where do you see potential, taking into account current valuations and thus CRV? Who will still benefit strongly from this, where it is perhaps not yet priced in too extremely?

Chip designers, of course, but I would like to leave them out of the equation, as I am involved with $ASML (+0.76%) and $AVGO (+1.45%) well involved and I assume, for example, that the prices $NVDA (+6.39%) will not be able to maintain prices and that the big techs will continue to push into the market.

I was thinking of construction companies like $HOT (+4.92%) or necessary cooling equipment etc. Companies from the 2nd tier.

Please send me your ideas and reasons. 💪🏼

14 Comments

Sparfuchs@Reinecke

9Mon

How many data centers are to be built? They are being built here on greenfield sites and the buildings don't look particularly high quality. What is the construction industry supposed to gain from this? Perhaps broadband expansion or network expansion.

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Kevin E.@KevinE

9Mon

Relatively obvious to me - $DLR

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Marcel@Kytez

9Mon

@KevinC is indeed obvious - but would they have to buy the buildings first or not? If, for example, Microsoft commissions the construction of a data center, do they retain ownership of the building or do they have it managed externally, e.g. by $DLR as the property owner, and pay rent?

I haven't thought about that yet 😅

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Soprano@Soprano

9Mon

@KevinC Who are Digital Realty's customers? I think those who have the expertise will build their own data centers. Only public authorities or old economy companies are likely to rent such facilities

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Kevin E.@KevinE

9Mon

@Soprano including aws, Nvidia, Microsoft, Google, HP, IBM, Oracle, ...

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Soprano@Soprano

9Mon

@KevinC So I would doubt that without a source. The big players like Microsoft and AWS don't pay rent for data centers, but have them custom-built. I have not yet been able to find out whether $DLR also offers this. I have found AT&T and Reliance Industries as verifiable customers, for example, but none of the major cloud providers. On the contrary, Digital Reality uses their services and sells them to customers.

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Kevin E.@KevinE

9Mon

@Soprano Just take a look at the IR, where everything is presented in a shareholder-friendly way?

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Soprano@Soprano

9Mon

@KevinC Yes, all the companies mentioned are listed as "partners" - but not as customers. Although IBM (second largest) and Oracle (fourth largest) really are customers. Plus all the telecom providers, JP Morgan and Meta.

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Pirax@Pirax

9Mon

You should think about the data center colocations... Many of the hyperscalers like Meta, AWS, MSFT only rent in ready-made data centers.
$NTTYY
$EQIX
$IRM
$DLR
Just to name a few

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aminemeskni@Aminmeskini

9Mon

I asked myself exactly the same question, look at the equinix. I bought it myself a few days ago.

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Soprano@Soprano

9Mon

Any construction company can certainly build it. After all, it's nothing more than a large hall. Cooling is certainly another good question. Possibly $6367 does something like that. But that also raises the question of how such things are cooled nowadays. It used to be air and water, but now it's probably nitrogen, which might make it something for $LIN again.

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