DigitalBridge Leaps: Vantage's $1.6B Asia Expansion

DigitalBridge Group jumps 8% after portfolio company Vantage Data Centers lands a massive $1.6 billion investment for Asia-Pacific expansion, backed by GIC and Abu Dhabi Investment Authority. The deal, focused on acquiring a hyperscale data center campus in Malaysia, signals strong growth potential in Southeast Asia's digital market amid booming AI and cloud computing. While DigitalBridge stock is known for volatility, this move, coupled with recent boosts from potential Federal Reserve interest rate cuts, positions the company to potentially capitalize on the next wave of enterprise tech and AI-driven growth. Hosted on Acast. See acast.com/privacy for more information.