Goldman Sachs’ 35 AI Superstars

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24. 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. Equinix reported total revenues of $2.2 billion in Q3 2024, marking a 7% year-over-year increase. The company achieved an adjusted EBITDA of $1.1 billion, reflecting a 12% growth compared to the same period in the previous year. Interconnection services, a critical component for AI workloads, saw a 10% year-over-year increase, driven by the Equinix Fabric platform, which surpassed a revenue run rate of $250 million. Since 2021, Equinix has collaborated with NVIDIA on the AI LaunchPad program, providing enterprises with immediate access to NVIDIA-powered infrastructure and software to streamline the AI lifecycle. In December 2024, Equinix partnered with Dell to offer flexible and scalable AI infrastructure solutions, enabling enterprises to deploy tailored AI strategies effectively.

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