Is Jim Chanos Shorting These 5 Stocks?

2. Equinix, Inc. (NASDAQ:EQIX)

Value of Put Option: $90.71 Million
Number of Hedge Fund Holders: 42

Equinix, Inc. (NASDAQ:EQIX) is another data center plays that legendary investor Chanos is shorting due to growing concerns about the company’s long-term prospects. Equinix, Inc. (NASDAQ:EQIX) provides communication services through data centers, colocation, connectivity, and professional services.

Chanos increased the value of his short position in Q3 2023 to 124,900 shares, accounting for 28.51% of the portfolio. The increase comes on the legendary investor insisting Equinix, Inc. (NASDAQ:EQIX) faces growing competition from tech giants led by Alphabet Inc. (NASDAQ:GOOG), Amazon.com, Inc. (NASDAQ:AMZN), and Microsoft Corporation (NASDAQ:MSFT) resorting to building their data centers instead of leasing. 

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