Equinix: Data Center Operator Recently Achieved Record Bookings due to AI Demand - Wolfe Research Upgrades to $978 (Outperform)!

Equinix (EQIX) operates 264 data centers worldwide and positions itself as a leading company for private AI infrastructures with significant opportunities in inference and training workloads. Through colocation services, space for servers and storage is rented to companies, and interconnection services offer direct connections for better data transfer and lower latencies between service providers, enterprises, and partners. 94% of revenues are considered recurring. The fourth quarter delivered the highest gross bookings in the 26-year history of...