Andy Power

Andy Power serves as President and CEO of Digital Realty, the world's largest data center real estate investment trust (REIT). Digital Realty owns and operates over 300 data center facilities across more than 50 metropolitan areas on six continents, providing colocation, interconnection, and powered shell solutions to a diverse customer base including cloud hyperscalers (AWS, Azure, Google Cloud), enterprises, network operators, and financial services firms. The AI computing revolution has created unprecedented demand for data center capacity. GPU-powered AI training and inference workloads require dramatically more power density (40-80+ kW per rack versus 5-10 kW for traditional IT) and advanced cooling solutions, driving a supercycle of data center construction. Digital Realty's extensive global land bank, power procurement capabilities, and construction expertise position it to capture a significant share of this demand. Digital Realty's portfolio includes both retail colocation (multi-tenant facilities where customers rent individual racks or cages) and hyperscale data centers (large, single-tenant facilities purpose-built for cloud providers). The company's PlatformDIGITAL offering provides an interconnection fabric connecting customers across its global footprint. Key stock drivers include leasing volume and pricing (both new leasing and renewal spreads), data center construction pipeline, power availability constraints, AI-driven demand for high-density capacity, interest rate environment (as a REIT, Digital Realty is sensitive to rates), competitive dynamics against Equinix, and the sustainability of the data center demand supercycle.