35 AI News You Should Not Miss

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25. Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 56  

Equinix, Inc. (NASDAQ:EQIX) is a California-based real estate trust that operates data centers and other technology assets. HSBC analyst Phani Kanumuri recently upgraded the stock to Buy from Hold with a price target of $1,000, up from $865. The advisory said operational momentum for Equinix and Digital Realty were set to improve significantly in 2025. Data center demand has far outstripped supply in 2024, due to strong artificial intelligence-driven demand and constrained supply in major markets, yet the stocks have underperformed, the advisory told investors in a research note. HSBC said improved utilization is likely to accelerate Equinix’s 2025 revenue growth to 10%.

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