Goodman and Digital Realty stopped at 9.9% for a reason. The stake dodges FIRB, sets a floor and leaves the door open.
Cash doesn’t panic, doesn’t get margin calls and doesn’t need a rescue. Here is why it deserves a bigger place right now.
One week, three setbacks: growth halved, the operating profit turned into a loss and the commitment bill more than tripled.
Growth has slowed from more than 140% to about 45% a quarter, and US$245bn of compute payments are already locked in.
A suspended power line has wiped $2.6bn off the stock, and the market is pricing in the worst case. Is the sell-off overdone?
Behind US$1.2 trillion in off-balance-sheet leases sit banks, bond funds and private credit. See exactly where the risk lands.
Behind the trillion-dollar build-out sit the same few balance sheets. Explore every stake, contract and chip deal on our map.
The cut takes about $7bn off the float, but the questions that matter – debt, delivery and day-one selling – are unchanged.
The labs say slow down, governments are intervening, and the money is still pouring in. Where does that leave AI investors?
The second-largest Australian float after Telstra is also a bet that five unbuilt sites arrive on time. Here’s the case for caution.
