Data center-related stocks stood out in Friday’s session, with companies such as Digital Realty (DLR) and Schlumberger (SLB) reporting strong results that lifted their shares.

DLR raised its 2026 guidance and highlighted a record $1.9 billion lease backlog, along with 25.4% higher cash renewal rates. SLB reported an 80% year-over-year jump in Data Center Solutions revenue to $186 million and is on track for an annualized run rate exceeding $1 billion.

Equinix (EQIX) also received positive read-through, with its results expected next week.

Why It Matters

The surging demand for data center infrastructure, driven largely by artificial intelligence, continues to be one of the key market drivers. Infrastructure companies are benefiting from rapid growth in the sector, while more traditional players face challenges.

What the Reports Show

Meanwhile, Intel (INTC) beat estimates and raised capex guidance but gave back all post-earnings gains. Investors expressed concerns over rising spending, PC market weakness, and lack of foundry wins.

Next week is expected to be one of the busiest of the quarter, with major names reporting: Microsoft, Apple, Amazon, Meta, Visa, Mastercard, ExxonMobil, Coca-Cola, Starbucks and many others.

The Bottom Line

Markets enter the weekend with mixed signals: strength in infrastructure alongside concerns in more traditional names. The coming week will provide clearer visibility into the health of big tech, while futures and Thursday’s economic data, including upbeat PMI prints, point to a cautious open on Monday.