Delta Electronics Warns of Rising Costs Amid Surge in AI Data Center Demand
Delta Electronics, a major provider of power supply and cooling solutions for AI data centers, warned that rising oil prices and material shortages are expected to increase costs in the coming quarters. The company reported a 34% year-over-year revenue increase in Q1, driven by AI data center demand, and plans to expand its capacity in multiple regions.
Tickers: $GOOG $META $NVDA $TSM
Topics: AI data center demand capacity expansion cost increases financial performance market capitalization