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Search resuls for: "Charles Meyers"


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Real estate stocks have become oversold and that's presented an opportunity for investors, according to BMO. Real estate is the only S & P 500 sector that's in the red this year, off 6%. .SPLRCR YTD mountain S & P 500 Real Estate Sector year to date BMO identified four other periods of this abnormal underperformance. In the year following such troughs, real estate investment trusts outperformed the S & P 500 by about 17%, on average. "The death of commercial real estate is way, way precluded.
Persons: that's, Brian Belski, Belski, REITs, Charles Meyers Organizations: BMO, Real, Boston Properties, CNBC, Boomers, . Census, Hotels, Resorts Locations: New York, San Francisco
Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.
Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, , Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia
Equinix CEO on data center demand and artificial intelligence
  + stars: | 2024-02-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEquinix CEO on data center demand and artificial intelligenceCharles Meyers, President and CEO of Equinix, discusses the digital infrastructure market.
Persons: Charles Meyers
Investors should expect data center stock Equinix to build on its already solid gain for this year, according to Bank of America. The bank reiterated a buy rating on shares of Equinix and raised its price target on them to $850 from $750. Barden added that while the AI opportunity has yet to be fully realized, the prospect for a deeper investment in the space could "create business tailwinds at a later date." Equinix shares are up 14% this year. Over the past month, the stock is also up 7.2% — outpacing the S & P 500 in that time.
Persons: David Barden, Barden, Charles Meyers, — CNBC's Michael Bloom Organizations: Bank of America, TAM Locations: Equinix
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA.I. is another wave of digital transformation, says Equinix CEO Charles MeyersCharles Meyers, Equinix CEO and president, joins 'Squawk on the Street' to discuss the appetite for use cases with A.I., where Equinix fits into the digital infrastructure landscape, and more.
Persons: Charles Meyers Charles Meyers, Equinix
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemand remains 'strong and inelastic' for our business, says Equinix CEOCharles Meyers, Equinix CEO, joins 'TechCheck' to discuss Meyers optimism regarding pricing power, why customer demand won't taper with higher prices and if Equinix is more cyclical than initially imagined.
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