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Stock impact report

Cogent Communications CEO: AI Could Reignite Internet Traffic as Price Compression Persists [Yahoo! Finance]

Cogent Communications Holdings, Inc. (CCOI) 
Last cogent communications holdings, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Cogent Communications (NASDAQ:CCOI) Chief Executive Dave Schaeffer told investors at a Morgan Stanley event that the company is positioning for what he described as the next major driver of internet traffic growth—artificial intelligence—while continuing to compete in an industry characterized by persistent price compression and consolidating competitors. Traffic growth shifts from streaming to AI Schaeffer said the internet has grown at a compounded rate of about 23% annually over roughly 35 years, though today's traffic growth is closer to 10% as the base has expanded. He argued that the internet still has “decades left of continuous growth” and described the industry as moving through recurring technology-driven inflection points. ? Uber and Joby Aviation Team Up: Game Changer or Hype? 2 Mid-Cap Telecom Stocks Offering Superior Returns According to Schaeffer, streaming video has been the primary driver of recent growth, accelerating since the start of the pandemic. He ci Show less Read more
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