Digital Realty's Stock Dips Despite Strong Q3

Digital Realty, a large-cap data center giant, has seen its stock dip by nearly 20% from its peak, underperforming the Nasdaq. Despite this, the company reported a 10.2% increase in third-quarter revenue and raised its core funds from operations guidance. With a global presence and strong client base, Digital Realty is well-positioned to benefit from the growing demand for digital storage and processing power.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.