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Volex takes ‘conservative’ approach to data centre growth forecast amid AI capex splurge

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NEWSDECK ANALYSIS
Volex is a Hampshire-based company that supplies key components used in data centres, playing a crucial role in the infrastructure that supports the growing demand for cloud computing and artificial intelligence. The data centre industry has seen significant investment in recent times, driven by the increasing adoption of AI technologies among major tech companies. As a supplier to these companies, Volex's growth prospects are closely tied to the expansion plans of its major clients, making its forecast a significant indicator of the industry's overall outlook.
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Volex takes ‘conservative’ approach to data centre growth forecast amid AI capex splurge
The boss of Volex has said the firm has taken a “conservative” approach to the growth of its data centre arm after a surge in capex spend among the AI hyperscalers sent its revenue soaring. The Hampshire based connectivity products business, which supplies key components used in data centres, posted a 14.4 per cent rise [...]
26 Jun, 08:31
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