Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere. Equinix, Inc. was established on June 22, 1998 and is based in Redwood City, United States.
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Singapore allocates 200 megawatts of power to four data centre providers
The Singapore Economic Development Board and the Infocomm Media Development Authority have announced an initial allocation of 200 megawatts of power for new data centres to four providers, to expand artificial intelligence infrastructure while managing energy use sustainably. The allocation gives Digital Realty, Equinix, Keppel Data Centres, and ST Telemedia Global Data Centres 50 megawatts each, under the second round of the data centre development call-for-application. Singapore opened applications for this scheme in December 2025 and received more than 20 proposals from local and international operators. The four providers have committed that more than 50% of the data centres' capacity will be powered by clean energy sources, and that they will use advanced energy-saving technologies including liquid cooling systems and 100% energy-efficient IT equipment, while meeting Singapore's Platinum standard for green data centres. The two agencies will review demand and open a new application round in the next 18 to 24 months.
AI Data Center Landlords Drive DTCR ETF Up 38% This Year
The Global X Data Center & Digital Infrastructure ETF has climbed 38% year to date, powered by Equinix and Digital Realty, which together account for roughly 40% of the $2.14 billion fund. Equinix is up 42% and Digital Realty is up 29% this year, while the fund's top four holdings also include American Tower and Crown Castle. In Q2 2026, Equinix reported $424 million in annualized gross bookings, its second-highest quarter on record, and CEO Adaire Fox-Martin called the guidance raise the largest in company history, with adjusted EBITDA margin at 53%. The fund's REIT-heavy tilt makes it sensitive to the 10-year Treasury yield, and a break above 5% could compress multiples even if AI leasing stays strong, as happened in 2022 when both REITs lost roughly a third of their value. Investors should watch Equinix's next bookings report in late October for confirmation that pricing power is still compounding.
AI data center boom creates investment opportunities across chips, real estate, energy, and cooling
The massive buildout of AI data centers is creating distinct investment opportunities across semiconductor equipment, real estate, energy, and cooling, according to experts interviewed by Fortune. Hyperscalers are projected to spend between $750 billion and $800 billion annually, with some forecasts reaching $1 trillion, representing 2.5% to 3% of U.S. GDP. In chips, B. Riley Securities analyst Craig Ellis recommends shifting focus from giants like Nvidia to equipment suppliers such as Applied Materials, Lam Research, and Marvell Technology, citing severe undersupply that will drive multi-year capex growth. For real estate, CenterSquare’s Patrick Wilson highlights data center REITs Equinix and Digital Realty as beneficiaries of the shift from AI training to inference, which favors urban facilities with low latency. Morningstar’s Andrew Bischof points to utilities like American Electric Power, which plans $78 billion in infrastructure investment through 2030, while New Constructs’ David Trainer sees value in traditional energy stocks such as Valero and HF Sinclair. In cooling, Morningstar’s Nick Lieb favors Vertiv for its dominant position in precision cooling, though notes concentration risk, and Eaton for its diversified exposure to the electrical grid. Some analysts warn that current spending levels may be unsustainable, with hyperscalers increasingly relying on debt and equity issuance.
Equinix Partners with Central Georgia Electric Membership Corporation to Protect Ratepayers
Equinix and Central Georgia Electric Membership Corporation announced a partnership for the Hampton, Georgia data center project under which Equinix will cover all grid infrastructure costs and fund new transmission and power capacity, backed by a 20-year take-or-pay contract. The agreement ensures Equinix pays 100% of CGEMC's costs for serving the contracted demand, including upfront payments for a new high-voltage substation, two new high-voltage transmission lines, and early site work, while guaranteeing ratepayers are never left to pay project-related costs. The project is expected to contribute up to $20 million annually in property tax revenue, create more than 990 local jobs, and extend Equinix's Pathways to Tech program to the region. Georgia Governor Brian Kemp and Hampton Mayor Ann Tarpley praised the investment as a responsible model that protects ratepayers while delivering economic benefits. The partnership builds on similar agreements Equinix has with PG&E in San Jose, California and ComEd in Northern Illinois.
Dell Technologies selected to build Texas A&M's IGNITE AI computing platform
Texas A&M Engineering Experiment Station has selected Dell Technologies to design and build IGNITE, a new AI and high-performance computing platform. The system will use Dell PowerRack systems with liquid-cooled PowerEdge servers and AMD Instinct MI355X GPUs, deployed at an Equinix data center in Dallas. This win reinforces Dell's role in large AI deployments across education, government, and commercial cloud, alongside its partnership with Volta Infra Holdings for an Nvidia-backed AI cloud platform. The IGNITE project highlights how Dell's servers, storage, and services are being adopted across diverse AI use cases, potentially supporting near-term AI server demand.
Equinix Q2 AFFO Beats Estimates on Strong Demand and xScale Fees
Equinix reported second-quarter 2026 adjusted funds from operations per share of $11.78, beating the Zacks Consensus Estimate of $11.25 by 4.71% and rising 18.9% year over year. Revenues grew 16.4% to $2.63 billion, surpassing the consensus of $2.59 billion, driven by strong underlying demand and one-time xScale leasing fees. Adjusted EBITDA climbed 23.6% to $1.40 billion, with the margin expanding to a record 53% from 50% a year earlier. The company raised its full-year 2026 revenue guidance to a range of $10.205 billion to $10.285 billion and now expects AFFO per share between $42.69 and $43.29. Equinix also lifted its 2027-2029 outlook, projecting annual revenue growth of 10% to 13% and an adjusted EBITDA margin exceeding 53% by 2029.
Equinix reported second-quarter funds from operations of $11.78 per share, beating the Zacks Consensus Estimate of $11.25 per share and up from $9.91 a year ago. Revenues reached $2.63 billion, surpassing the consensus estimate by 1.34% and comparing to $2.26 billion in the prior-year quarter. The FFO surprise was 4.71%, while the company has topped consensus FFO estimates twice over the last four quarters. Equinix shares have gained about 35.1% year-to-date, outperforming the S&P 500's 8.5% advance. The current Zacks Rank for the stock is 3, or Hold, with consensus FFO estimates of $10.72 for the coming quarter and $43.05 for the fiscal year.
Digital Realty Trust and Equinix lead real estate gainers as sector hits 52-week high
Digital Realty Trust and Equinix were among the top large-cap real estate gainers this week as the sector benefited from a rotation out of technology stocks and reached a new 52-week high. The Real Estate Select Sector SPDR Fund hit a 52-week high after upbeat housing data, with the S&P 500 Real Estate Index Sector rising 1.35% to 293.1 points. Digital Realty Trust surged 14.49% to $199.08 after posting stronger-than-expected second-quarter earnings and raising its full-year guidance, while Equinix advanced 6.30% to $1,084.24. Among large-cap losers, KE Holdings fell 8.68% to $15.89 and CoStar Group dropped 7.12% to $27.66. In the mid-cap segment, Opendoor Technologies was the biggest loser with a 14.78% decline to $3.84, while data center REIT Fermi led gainers with a 22.31% jump to $7.40.
Greg Abel May Ramp Up Buybacks, Tech Dividends, and Energy Investments at Berkshire Hathaway
New Berkshire Hathaway CEO Greg Abel is expected to deploy the company's $397 billion cash pile in three key ways. He has already overseen hundreds of millions in stock repurchases in his first quarter, with estimates of a few billion dollars in buybacks during the second quarter, signaling a greater willingness than predecessor Warren Buffett to use buybacks. Abel may also seek growth and income in technology, potentially adding AI data center REITs like Equinix or Digital Realty Trust, though he is unlikely to expand the existing Alphabet stake. Additionally, he is likely to invest in expanding Berkshire Hathaway Energy's capacity to serve the fast-growing AI data center market, a business he previously managed and where he sees demand potentially growing by 50% or more in five years.
Real estate stocks gain as softer inflation data sends Treasury yields lower
Real estate stocks advanced this week even as Wall Street's major averages declined amid a semiconductor sell-off and Middle East tensions. The S&P 500 Real Estate Index Sector rose 2.26% to 289.21 points, while the State Street Real Estate Select Sector SPDR ETF added 2.18% to $45.42. All real estate subsectors gained except data center REITs, which were pressured by New York becoming the first U.S. state to impose a one-year moratorium on large new data center construction and Jersey City banning data centers as the primary use of industrial property. KE Holdings led large-cap gainers with an 11.75% weekly increase to $17.40, while Digital Realty Trust and Equinix topped the losers, falling 3.62% and 2.97% respectively. Among midcaps, Rexford Industrial Realty rose 9.79% and Fermi dropped 8.19%.
Data Center REITs Surge 33% in 2026, Outpacing Broader Market
Data center real estate investment trusts have returned 33.2% year to date as of June 30, driven by extraordinary growth from AI companies and rising data usage, according to the National Association of Real Estate Investment Trusts. The broader REIT sector, as measured by the Vanguard Real Estate Fund ETF, is up more than 10% year to date, roughly matching the S&P 500's 10.5% gain. Among individual data center REITs, Equinix has risen 34% and Digital Realty Trust has gained 14% so far this year. Realty Income, traditionally a retail and industrial REIT, is entering the data center space through a $6 billion joint venture with Cloud Capital that will invest in stabilized hyperscale assets, with its first investments being three facilities in Northern Virginia's data center alley.
Barclays Raises Equinix Target to $1,130 on AI Demand
Barclays raised its price target for Equinix Inc. to $1,130 from $1,109 on July 1, retaining an Equal Weight rating and implying over 13% upside. The firm cited larger growth prospects than previously projected for communications infrastructure real estate investment trusts, driven by elevated demand trends across hyperscale and enterprise AI. Equinix recently disclosed an extended collaboration with Nvidia Corp. and Cisco Systems Inc. to accelerate enterprise AI solutions, allowing clients to implement the Cisco Secure AI Factory with Nvidia across its global data center network. The company is also working with Presidio to launch a Programmable AI Technology Hub Lab for clients to verify and test AI infrastructure before enterprise-wide deployment.
APAC Data Center Colocation Market to Reach $64.08 Billion by 2031
The Asia-Pacific data center colocation market is projected to grow from an estimated $27.19 billion in 2025 to $64.08 billion by 2031, at a compound annual growth rate of 15.3%. This growth is driven by rapid digitalization, increasing AI integration, and the adoption of liquid cooling technologies across the region. Major markets such as China, Japan, and Australia lead investments, while Southeast Asian countries like Singapore and Indonesia are seeing burgeoning developments. Prominent operators include China Telecom, Equinix, and NTT DATA, with emerging entrants expected to intensify competition.
BTIG initiates Digital Realty Trust and Equinix with buy ratings
BTIG initiated coverage on data center REITs Digital Realty Trust and Equinix with buy ratings, citing strong demand for AI, cloud services, and digital infrastructure. For Digital Realty Trust, analysts set a $215 price target, pointing to a $16.5 billion development pipeline, around 5 gigawatts of future capacity, and a strong presence in Tier 1 markets as drivers for rent increases, asset value growth, and steady AFFO per-share growth, forecasting 8.5% growth in 2026 and 12.2% in 2027. For Equinix, BTIG set a $1,210 price target, highlighting its global colocation platform, more than 500,000 interconnections, an $8 billion colocation development pipeline, and its xScale hyperscale project as growth catalysts, with AI inference adoption, limited supply growth, higher utilization, and pricing improvements expected to support earnings.
Equinix Named One of the Best Data Center Stocks to Buy in July
Equinix has been identified as one of the 10 best data center stocks to buy in July. The stock closed 2.41% higher at $1,022.93 on Tuesday, with 79% of 33 analyst ratings compiled by CNN rating it a Buy and the remaining 21% a Hold. The median price target stands at $1,212.50, representing an 18.53% upside. Barclays raised its price target to $1,130 from $1,109 while maintaining an Equal Weight rating, citing higher growth expectations in the communications infrastructure REIT group driven by hyperscale demand and accelerating enterprise AI demand. Citi also increased its target to $1,260 from $1,240 with a Buy rating, noting benefits from cloud and AI workload growth.
U.S. Data Center Market to Reach $494.49 Billion by 2031
The U.S. data center market is forecast to grow from an estimated $298.97 billion in 2025 to $494.49 billion by 2031, at a compound annual growth rate of 8.7%. The expansion is driven by surging AI workloads, which are expected to triple hyperscale data center capacity over the next five to six years, prompting major investments such as Oracle's $40 billion commitment to NVIDIA chips for OpenAI's new U.S. facility. Sustainability efforts are intensifying, with operators like Equinix and CyrusOne targeting carbon neutrality by 2030 and securing renewable energy deals, including TotalEnergies' supply agreement with Google. Key infrastructure providers include Arista Networks, Cisco Systems, and NVIDIA, while contractors like Turner Construction and Rosendin Electric support facility development. The South-East U.S. remains the leading investment region, with Northern Virginia retaining its status as the global data center capital.
Old-School Data Center REITs Seen as Best and Safest Technology Play
Hyperscalers are locking in 15-year leases before facilities break ground, with grid interconnection queues stretching to 2030 cementing a multi-year supply squeeze. Equinix posted a record $378 million in first-quarter bookings while Digital Realty Trust grew sales 16% year over year and carries a $1.8 billion backlog. All three data center REITs pay dividends above 1.9% and hold Buy ratings from Citigroup, Truist Financial, and JPMorgan.
REITs Were the Best-Performing Asset Class in June After Years of Lagging
Real estate investment trusts, or REITs, were the best-performing asset class in June, a surprise turnaround for a sector that has struggled for years. The S&P 500 fell about 1% in June, while most other asset classes also declined, but REITs posted gains. The entire REIT sector is up about 9.5% this year, as measured by the Vanguard Real Estate Index Fund ETF, slightly outperforming the broader market. Lodging and resort REITs surged almost 43% this year and 12% in June alone, driven by a resurgence in group and corporate travel, while data center REITs climbed more than 33% on growth from artificial intelligence and rising data usage. Healthcare and self-storage REITs each rose over 20% in 2026, with only gaming and telecommunications REITs posting declines among the 14 REIT categories tracked by the National Association of Real Estate Investment Trusts.
Barclays raised its price target on Equinix to $1,130 from $1,109 while maintaining an Equal Weight rating, citing higher growth expectations across the communications infrastructure REIT group. The firm noted that companies are benefiting from ongoing hyperscale demand and accelerating enterprise AI demand. Separately, Citi raised its target to $1,260 from $1,240 with a Buy rating, highlighting Equinix's multi-year growth prospects from cloud and AI workloads. Equinix also announced an expanded collaboration with Cisco and Nvidia to accelerate enterprise AI, enabling customers to deploy Cisco Secure AI Factory with Nvidia across its global data center network.
Real estate stocks eke out gains in June, post solid returns in four months of H1 2026
Real estate stocks closed the first half of 2026 with gains in four of the six months, eking out a positive June despite a hawkish Federal Reserve. The S&P 500 Real Estate Index Sector rose 0.23% month-over-month to 279.69 points, while the State Street Real Estate Select Sector SPDR ETF added 0.09% to $44.03. The Dow Jones REIT Indx Equity REIT Total Return Index advanced 1.48%, and the FTSE Nareit All Equity REITs index gained 0.81%. Office REITs and Health Care REITs were the biggest beneficiaries among subsectors, but losses in Specialized REITs and Industrial REITs weighed on overall returns. The benchmark 10-Year Treasury yield ended flat at 4.47%, easing fiscal concerns that had driven borrowing costs higher in May. Among large-cap stocks, data center REITs led weekly losers, with Iron Mountain down 10.61%, Digital Realty Trust off 9.95%, and Equinix falling 7.87%, reflecting public anxiety over electricity grid strains from AI data centers. American Healthcare REIT topped the gainers, up 8.09%, after Citi upgraded the stock to Buy. In midcaps, Compass rose 14.21% after management met with Oppenheimer, which maintained a Buy rating, while data center REIT Fermi fell 8.41%. Small-cap decliners were led by mortgage REITs Redwood Trust and Apollo Commercial Real Estate Finance, the latter downgraded by BTIG on expected book value erosion from asset sales. Newly appointed Fed Chair Kevin Warsh's hawkish comments fueled speculation that rate hikes could return, pressuring mortgage REITs near-term but potentially benefiting them from wider spreads over time.
iShares U.S. REIT ETF Outperforms Vanguard Global ex-U.S. Real Estate ETF on AI-Driven Data Center Exposure
The iShares Select U.S. REIT ETF has delivered a 13.50% total return over the trailing 12 months, far outpacing the 1.80% return of the Vanguard Global ex-U.S. Real Estate ETF, as the U.S. fund benefits from holdings in data center REITs tied to artificial intelligence infrastructure. The iShares fund, which carries a 0.32% expense ratio and a 2.50% dividend yield, holds a concentrated portfolio of 30 large-cap U.S. REITs, with top positions including Welltower at 8.22%, Equinix Reit at 7.83%, and Prologis Reit at 7.69%. In contrast, the Vanguard fund offers broad international diversification across 682 holdings, a lower expense ratio of 0.12%, and a higher dividend yield of 4.80%, but its focus on traditional real estate has lagged the AI-driven performance of its domestic counterpart. Over five years, a $1,000 investment in the iShares fund grew to $1,173, while the same amount in the Vanguard fund declined to $943, though both experienced similar maximum drawdowns of around 34%. The analysis suggests that while Vanguard’s lower cost and higher yield may appeal to value-oriented investors, the iShares fund’s exposure to the AI opportunity could lead to stronger long-term total returns.
Equinix Outperformed in Q1 on Record Bookings and AI Demand, Says Meridian Hedged Equity Fund
Equinix was a leading contributor to the Meridian Hedged Equity Fund in the first quarter of 2026, driven by record bookings, accelerating recurring revenue growth, and AI-related workloads approaching 60% of recent large-scale deals. The fund, managed by ArrowMark Partners, returned 0.08% net for the quarter, outperforming the S&P 500 Index which fell 4.33%. Equinix operates 280 data centers across 77 markets and maintains over 500,000 interconnections, creating a strong network effect. The fund maintained its position throughout the quarter while noting that elevated capital expenditures to meet surging demand warrant continued monitoring.
AI Data Center Boom Could Drive Fuel Cell Market to $30 Billion by 2030
Rystad Energy projects fuel cell market revenues could surge tenfold to roughly $30 billion by 2030, driven by AI data center demand. A contracted order book of about 9 gigawatts, including framework agreements with Oracle, AEP, Equinix, and Brookfield, signals growing operator confidence. Cumulative fuel cell demand from data centers is forecast at 10.4 gigawatts between 2026 and 2030, with around 40% of projected 2030 US data center capacity likely to pursue dedicated on-site power generation. North America is expected to account for 91% of installed global on-site power generation capacity. Solid oxide fuel cells dominate with about 53% of cumulative stationary deliveries, though Bloom Energy's near-total hold on primary-load contracts and its reliance on scandium—a metal whose global supply is heavily controlled by China—pose supply chain risks.
Data Center Colocation Market to Reach USD 298.78 Billion by 2035
The global data center colocation market is projected to grow from USD 86.24 billion in 2025 to USD 298.78 billion by 2035, at a compound annual growth rate of 13.19 percent, according to a report by SNS Insider. North America held the largest share in 2025 at approximately 36 to 39 percent of global revenues, with the United States alone valued at about USD 26.69 billion and expected to reach USD 92.46 billion by 2035. The retail colocation segment dominated with roughly 70 percent market share, while wholesale colocation is the fastest-growing segment driven by AI computing's power density requirements. Tier 3 facilities led with about 58 percent share, and IT and telecom accounted for approximately 29 percent of end-use revenue. Key players include Equinix, Digital Realty, CyrusOne, Iron Mountain, and NTT Global Data Centers.
Nuclear Power Is Having a Moment, and These 3 Stocks Are the Best to Buy Right Now
Nuclear energy stocks have surged over the past year, driven by demand for clean, round-the-clock power from AI and cloud computing. Oklo, backed by OpenAI CEO Sam Altman, is designing small fast-fission reactors and has signed agreements with Equinix, Switch, and Meta Platforms to supply data centers, though it still needs regulatory approval. Nano Nuclear Energy is developing multiple microreactor designs, including a space reactor called Loki, and aims to become vertically integrated across the nuclear supply chain. NuScale Power is the only U.S. company with NRC-approved small modular reactor designs and has potential projects with the Tennessee Valley Authority and in Romania, but its first reactor is not expected online until after 2030.
Equinix is becoming a key stop in the AI supply chain, expanding its role beyond renting space to providing secure, high-performance sites for AI workloads. The company recently partnered with Nvidia and Cisco to deploy secure AI factories across its global data center network, validating its position in AI infrastructure. Equinix reported first-quarter 2026 revenue of $2.444 billion, up 10% year-over-year, with net income of $415 million, up 21%, and raised full-year revenue guidance to between $10.144 billion and $10.244 billion. The stock has gained roughly 43.2% year-to-date to about $1,089, but trades at a premium with a price-to-earnings ratio of 71.54 times, well above the REIT sector average of 30.45 times. Analysts remain bullish with an average price target of $1,203.90, implying 9.8% upside, though caution is warranted after the strong run.
Equinix expands Cisco and NVIDIA partnerships to speed enterprise AI adoption
Equinix has expanded its partnership with Cisco and NVIDIA to accelerate enterprise AI adoption by enabling customers to deploy the Cisco Secure AI Factory with NVIDIA across its global network of high-performance data centers. The company is also teaming up with Presidio to deploy its Programmable AI Technology Hub lab, located within Equinix data centers, providing a real-world environment for testing and validating AI infrastructure before enterprise-wide rollout. The deployments are based on NVIDIA reference architectures and give customers access to the interconnection density, specialized power, and advanced cooling required for the latest AI hardware and software. The solution supports deployments spanning public cloud, neocloud, on-premises, and colocation environments.