Data Center Operator Equinix Soars on AI Demand
Equinix(EQIX) Investopedia·2024-05-10 00:38
Key TakeawaysEquinix shares took off in intraday trading Thursday as the data center real estate trust benefited from demand for artificial intelligence (AI) products.The company's adjusted EBITDA and AFFO were better than expected.CEO Charles Meyers said the "rapidly evolving AI landscape" provides immense potential for Equinix. Equinix (EQIX) shares jumped in intraday trading Thursday, a day after the data center real estate trust (REIT) posted strong results on the soaring demand for artificial intellige ...