Latest news with #AWS-led
&w=3840&q=100)
Business Standard
05-05-2025
- Business
- Business Standard
Princeton Digital seals Rs 125 cr annual lease deal in Navi Mumbai's Airoli
Singapore-based Princeton Digital Group (PDG), Asia's leading data centre provider, has taken on lease over 1 million sq. ft. of space across three buildings in the Airoli Knowledge Park, Navi Mumbai—marking a major expansion of its digital infrastructure footprint in India. The properties, owned and sub-leased by Gigaplex Estate Pvt Ltd, will be used by Princeton Digital Group (PDG) to set up large-scale data center operations. The transaction spans three buildings—9A, 7, and 11—located on Plot No. IT-5, with a combined chargeable area of 10,58,568 sq. ft, according to property documents accesed by CRE Matrix, a real estate analytics firm. Lease details: Effective Rent Rate: Rs 98.50 per sq. ft. across all buildings Lease Period: 20 years for Buildings 9A & 7, and 40 years for Building 11 Lock-In Period: 15 years Annual Rent Escalation: 4% for the first 15 years, increasing to 5% thereafter In addition to the base rent, parking charges of Rs 5,000 per car per month and complex maintenance charges of ₹2 per sq. ft. (with 5% annual escalation) will apply, further elevating the value of the deal. With a total starting monthly rent of ₹10.42 crore, the first-year rent alone amounts to ₹125.04 crore, excluding other costs such as maintenance and parking. Given the 15-year lock-in and 20–40 year lease durations, the long-term financial commitment exceeds several thousand crores. This reflects Princeton Digital Group's confidence in India's digital growth trajectory and its intent to build out a large-scale hyperscale data center hub in Navi Mumbai. Last year, Princeton Digital Group unveiled a major growth plan for India by expanding capacity to a total of 230 MW in the country, driving an investment programme of $1 billion. This is part of PDG's new $5-billion investment programme for AI-ready data centres in Asia. In September 2024, Princeton Digital Group entered into a strategic partnership with K Raheja Corp-backed Mindspace Business Parks REIT to develop the formers' largest data center campus in India, at Mindspace Airoli West. Navi Mumbai has emerged as a leading hub for cloud infrastructure, driven by its strategic location near submarine cable landing stations, stable power supply with zero outage, availability of renewable energy, and robust infrastructure. Mumbai has emerged as one of the Asia-Pacific (APAC) region's most competitive data centre leasing markets, driven by AWS-led colocation growth. The city's data centre ecosystem is being transformed by Amazon Web Services (AWS), which is significantly scaling through large-scale colocation leases rather than self-builds, accelerating Mumbai's emergence as a regional data centre powerhouse, said the latest Knight Frank report titled 'Global Data Centres Report'.
Yahoo
23-04-2025
- Business
- Yahoo
Stock Market Sell-Off: The Best Warren Buffett Stock to Buy Now
Warren Buffett is one of the most successful investors of all time, with a performance that easily surpasses the S&P 500's average. His holding company, Berkshire Hathaway, presents a valuable snapshot of the companies he believes in. Below, I'll explore why e-commerce giant Amazon (NASDAQ: AMZN) could make an excellent long-term pick in this uncertain macroeconomic environment. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » While Warren Buffett is a hugely successful investor, he isn't infallible. Berkshire Hathaway passed on the opportunity to bet on Amazon when it was just a start-up in 1994, and again when the stock went public in 1997 at just $18 per share ($0.075, adjusted for stock splits). Buffett finally pulled the trigger in 2019 and now owns roughly $1.7 billion in shares. In the past, Buffett may have seen Amazon as a speculative business with an uncertain future. However, the company now aligns more closely with his conservative investment strategy thanks to its deep economic moats, which are the competitive advantages it has over rivals in several different industries. Amazon's biggest advantage may be its sheer scale. The larger a company becomes, the easier it is for management to take advantage of efficiencies to reduce costs and pass on savings to customers. It also creates a network effect, as more customers attract more merchants and a wider variety of items. This, in turn, attracts even more customers. Amazon's scale advantages aren't limited to just e-commerce. The company is also a leader in cloud computing through Amazon Web Services (AWS), which holds a 30% global market share. In recent years, it has leveraged this to become a leader in generative artificial intelligence (AI) by allowing clients to access computing power for running and training large language models (LLMs) within AWS. While investors shouldn't expect Amazon stock to repeat the 675% gain it achieved over the past decade, the company can maintain its market-beating performance over the long term due to its strong fundamentals and reasonable valuation. First-quarter revenue jumped 10% year over year to $187.7 billion, driven by particular strength in AWS, which is benefiting from rising demand for AI-related workloads. It's unclear how this business will play out over the long term. However, Amazon is investing heavily in the opportunity by buying more of Nvidia's AI chips. It also builds custom chips called Trainium and Inferentia, which are designed to reduce the company's dependence on third parties and run specific workloads more efficiently than one-size-fits-all solutions. The best thing about Amazon's AWS-led growth is its higher profitability, compared to e-commerce. Fourth-quarter operating income jumped 61% to $21.2 billion, with approximately half of the total coming from the AWS segment. Amazon is working to boost profitability across its businesses by implementing cost-cutting measures. It aims to slash around 14,000 managerial positions this year, aiming to save between $2.1 billion and $3.6 billion annually. Amazon's biggest near-term challenge may come from macroeconomic uncertainty. The Trump administration's on-again, off-again tariffs could cause consumer prices to rise temporarily, potentially hurting demand. Furthermore, the unpredictable policy will make it hard for companies to plan their supply chains and make investments for the future. That being said, Amazon's growing reliance on AWS, its cloud computing segment, shields it from much of this tariff-related uncertainty. Furthermore, with a forward price-to-earnings multiple (P/E) of 26, the company's valuation appears to account for much of these fears. While shares are pricier than the Nasdaq-100 estimate of median of about $24, Amazon deserves a premium due to its deep economic moat and impressive bottom-line momentum. It's easy to see why Warren Buffett is a fan. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $532,771!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $593,970!* Now, it's worth noting Stock Advisor's total average return is 781% — a market-crushing outperformance compared to 149% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 21, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Berkshire Hathaway, and Nvidia. The Motley Fool has a disclosure policy. Stock Market Sell-Off: The Best Warren Buffett Stock to Buy Now was originally published by The Motley Fool Sign in to access your portfolio
