10 AI News Investors Probably Missed

4. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 55

Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure platform that enables organizations to scale rapidly and launch digital services with agility. The company supports AI-driven interconnection and collaboration, helping businesses improve performance while meeting sustainability goals.

Wells Fargo increased its price target for Equinix from $985 to $1,100, maintaining an Overweight rating on the stock. The firm is optimistic about data center companies heading into 2025, citing continued high leasing activity, rising market rents, and strong potential for 8%-10%+ growth in AFFO per share by 2026 and beyond. Equinix is considered Wells Fargo’s top pick.