14 AI Stocks Making Waves on Wall Street

Page 4 of 13

10. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 55

Equinix, Inc. (NASDAQ:EQIX) provides digital infrastructure services that enable smooth connectivity and drive AI-enabled progress for enterprises.

On January 1, Jefferies raised its price target for Equinix (NASDAQ:EQIX) to $1,200 from $1,040 and kept a Buy rating on the stock as part of its outlook for 2025. The firm believes that we’re just starting to see the demand for data centers grow, especially due to AI, but faces challenges like power shortages, delays in new construction, and higher rents. The analyst also pointed out that investments in 5G towers by U.S. carriers haven’t been as strong as expected.

Page 4 of 13