Daily Market Updates: Rolls-Royce raises guidance as defense and data center demand grow

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Rolls-Royce raises guidance as defense and data center demand grow

The company said orders in its data center power business rose more than 50% in the first half of the year, supporting the outlook increase.

Reported · Written up by our desk · Europe

Rolls-Royce has raised its guidance, supported by a mix of stronger defense demand and expanding data center buildouts, CNBC World reported.

The outlet said orders in the company’s data center power business grew more than 50% in the first half of the year.

CNBC World linked the improved performance to end market demand coming from defense-related activity and growing investment in AI data center infrastructure.

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CNBC WorldRolls-Royce hikes guidance as it benefits from both the defense boom and AI data center buildout

CNBC EarningsRolls-Royce hikes guidance as it benefits from both the defense boom and AI data center buildout

Global Markets

Rolls-Royce raises guidance as defense and data center demand grow

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