15 AI Stocks Trending on Financial Media

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10. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 55

Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. The firm helps AI businesses host AI infrastructure for AI model development and offers network-rich interconnected locations for AI inference. On November 21, Argus analyst Marie Ferguson raised the price target on the stock to $975 from $900 and kept a Buy rating on the shares. Equinix has sequentially topped consensus in 2024 and after the management upped its 2024 revenue and AFFO guidance the projected earnings growth rate for 2024 is at the top for the REIT peers the firm covers, the advisory noted. While shares have been volatile recently, reflecting Tech sector rotation, the advisory sees positive momentum for the shares based on fundamental growth and positive momentum in the income sector and thinks the data storage business is a good investment, with strong growth prospects in the EMEA and APAC regions offsetting slower growth in North America.

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