The giants of the data center industry, Equinix and Digital Realty, each reported solid results last week. However, Mr. Market didn't seem to care one bit.
The fresh capital will help it expand into new markets and deepen its presence in the countries it operates in.
The incentives were announced amid a prediction that a global chip shortage is likely to extend until early 2023.
An eccentric personality seems to be part of making a name as a tech founder, but there can be questions about the substance within innovators' new ideas.
The shares are down more than 45% from a September peak.