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🌐 Digital Infrastructure Up 15%. $460M+ VC Funding.

Impact Capital Markets #108 looks at our Data Centers and Digital Infrastructure Stock Index, major impact deals, M&A, and upcoming economic releases.

HallΓ³ ❄️

πŸ“ˆ Today's Global Economic Update: US Job openings fell by 296,000 to 8.059M in April 2024, the lowest since February 2021, missing the 8.34M consensus. The labor market softness is strengthening expectations of a Fed rate cut in September.

🌐 Deal of the Day: Xcimer Energy, an inertial fusion company, raised a $100M Series A to expand its team and develop a prototype system.

What's New?

🌐 Data Centers & Digital Infrastructure. Digital Infrastructure 3M down 6%, YoY up 15%
πŸ’° Funding. Fusion energy, content management, biotech + more
πŸ’Ό M&A. Health management and biotherapeutics
πŸ“… Economics. US employment data, euro area interest rate, balance of trade + more

🌐 Digital Infrastructure 3M Down 6%, YoY Up 15%

HolonIQ's Data Centers and Digital Infrastructure Index has decreased by 6% over the past 3 months, while the index is up by 17% in the last 12 months. Key stocks in the index, such as American Tower ($93B MCap), Equinix ($72B MCap), and Digital Realty Trust ($47B MCap) have seen respective stock price declines of 4%, 16%, and 4%.

Despite the short-term fluctuations, the growing demand for data centers, driven by the surge in AI requirements and the increasing global demand for IT services, is sustaining the Year-on-Year growth in the index. The exponential increase in the need for data centers, as companies heavily invest in AI, emphasizes the critical importance of digital infrastructure in facilitating this technology, thereby providing the sector with significant opportunities. NVIDIA's data center revenue surged to $22.6 B, a 427% YoY increase in Q1 2024, while American Tower and Equinix have become notable data center hardware manufacturer partners to the company. Additionally, global 5G subscriptions are expected to double and surpass 1 billion this year. Gartner estimates that 5G infrastructure spending needed to support the change could increase 22% this year to more than $23 B worldwide, adding to the sector's growth opportunities.

πŸ’° Funding

🌐 Xcimer Energy, a Colorado-based inertial fusion company, raised a $100M Series A from Hedosophia to expand its team and develop a prototype system.

πŸ“ Storyblok, an Austrian content management system, raised a $80M Series C from Brighton Park Capital to provide smart content management for businesses.

🧬 Vilya, a Washington-based biotechnology company, raised a $71M Series A from ARCH Venture Partners to advance drug design and develop new medicines.

πŸ’» ActuityMD, a Massachusetts-based technology partner for the MedTech industry, raised a $45M Series B from ICONIQ Growth to expand its platform and speed up medical technology adoption.

πŸ” GetWhy, a Denmark-based research technology company, raised a $34.4 from PeakSpan Capital to continue reshaping consumer research.

πŸ–₯️ Imagino, a French marketing technology provider, raised a $27.2M Series A from Cathay Innovation and henQ to accelerate its growth in the UK.

πŸ›  Neural Concept, a Swiss engineering intelligence platform, raised a $27M Series B from Forestay Capital to strengthen its technology.

πŸ’Ό M&A

πŸ₯ OneTouch Health Group, an Irish health management platform, acquired OnePlan Software, a UK-based IT firm.

πŸ’Š Patheous Health, a Kansas-based biotherapeutics company, acquired DiagnosTEX, a Texas-based medical company.

πŸ“… Economic Calendar

US Employment Data, Euro Area Interest Rate, Balance of Trade + More

Wednesday, June 05th 2024

πŸ‡¨πŸ‡¦ Canada BoC Interest Rate Decision
πŸ‡ΊπŸ‡Έ US ISM Services PMI, May
πŸ‡¦πŸ‡Ί Australia Balance of Trade, April

Thursday, June 6th 2024

πŸ‡ͺπŸ‡¦ Euro Area Deposit Facility Data
πŸ‡ͺπŸ‡¦ Euro Area ECB Interest Rate Decision
πŸ‡ͺπŸ‡¦ Euro Area ECB Press Conference
πŸ‡¨πŸ‡¦ Canada Ivey PMI s.a, May
πŸ‡¨πŸ‡³ China Balance of Trade Data, May

Friday, June 7th 2024

πŸ‡©πŸ‡ͺ Germany Balance of Trade Data, April
πŸ‡¨πŸ‡¦ Canada Balance of Trade Data, April
πŸ‡¨πŸ‡¦ Canada Employment Data, May
πŸ‡ΊπŸ‡Έ US Employment Data, May

Monday, June 10th 2024

πŸ‡¦πŸ‡Ί NAB Business Confidence, May

Tuesday, June 11th 2024

πŸ‡¬πŸ‡§ UK Employment Data, April
πŸ‡¨πŸ‡³ China Inflation Data YoY, May

Wednesday, June 12th 2024

πŸ‡¬πŸ‡§ UK GDP, April
πŸ‡ΊπŸ‡Έ US Core Inflation Data, May
πŸ‡ΊπŸ‡Έ US Inflation Data, May
πŸ‡ΊπŸ‡Έ US Fed Interest Rate Decision
πŸ‡ΊπŸ‡Έ US FOMC Economic Projections
πŸ‡ΊπŸ‡Έ US Fed Press Conference
πŸ‡¦πŸ‡Ί Australia Westpac Consumer Confidence Change, June

Thursday, June 13th 2024

πŸ‡ΊπŸ‡Έ US PPI, May

Friday, June 14th 2024

πŸ‡―πŸ‡΅ Japan BoJ Interest Rate Decision
πŸ‡ΊπŸ‡Έ Michigan Consumer Sentiment (Preliminary), June

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