Equinix is likely to benefit from the AI inference demand significantly
Morgan Stanley raises the price target to 1,250 USD (Overweight)
The breakout from the consolidation that has been ongoing since February is a buy signal
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Equinix (EQIX) establishes itself as one of the leaders among bullish AI infrastructure providers and is expected to deliver strong results for the first quarter, due on April 29. CEO Adaire Fox-Martin recently referred to the best quarter in the company's history. Morgan Stanley also sees it as a "Top Pick," likely to benefit from the AI inference trend as a colocation provider. With 280 data centers and a milestone of over 500,000 interconnections for private data connections, about 90% of revenues are recurring. Recently, there were record orders...
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