Blackrock’s 30 Most Important AI Stocks

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20. 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. Following are some compelling reasons that make this company a promising investment opportunity. Firstly, the report for the third quarter of 2024 showed compelling financial growth. As per the report, adjusted EBITDA was $1,048 million, showing a 1% increase over the previous quarter and an adjusted EBITDA margin of 48%. In addition, the accelerated pursuit of growing AI demand in the US with the signing of a greater than $15 billion joint venture is expected to nearly triple the capital invested in the company’s xScale data center portfolio once completed. Secondly, the company announced a private AI solution that allows businesses to train AI models in scalable, cost-efficient public and private clouds while ensuring enhanced control, security and low-latency deployment on-premises.

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