0051 GMT - Data-center operator NextDC and infrastructure investor Infratil have become a lot more compelling with the recent drop in their share price, Jefferies analyst Roger Samuel says. He reckons that data-center demand is still strong despite near-term uncertainty that includes reports of Microsoft halting lease discussions on server farms. Samuel suggests that any earmarked capacity not taken up by Microsoft may be taken up by other hyperscale customers, most likely Oracle. He adds that feedback from Jefferies' recent U.S. data-center conference suggested that rents are still growing. Shares in NextDC and Infratil are down 33% and 23%, respectively, so far in 2025. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 20:51 ET (00:51 GMT)
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