Equinix (EQIX): Wells Fargo Raises Target, Sees Strong Data Center Growth - InvestingChannel

Equinix (EQIX): Wells Fargo Raises Target, Sees Strong Data Center Growth

We recently compiled a list of the 10 AI News Investors Probably Missed. In this article, we are going to take a look at where Equinix, Inc. (NASDAQ:EQIX) stands against the other AI stocks.

As artificial intelligence continues to reshape industries, experts are increasingly focusing on how its integration will impact investment strategies. The growth of AI presents a unique opportunity for investors to diversify their portfolios, not only by targeting leading tech companies but also by considering the broader ecosystem, including infrastructure and cybersecurity.

How AI is Shaping the Next Wave of ETF Opportunities

In a CNBC interview, Jay Jacobs from BlackRock and ETF expert Dave Nadig discussed the future of ETFs in 2025, particularly focusing on the accelerating phase of AI infrastructure. Jacobs highlighted that AI adoption is still in its early stages, with significant investments being made by megacap tech companies in data centers, chips, and model training. He emphasized the importance of looking beyond just the tech giants, as other sectors like semiconductors, data centers, and software companies are poised to benefit from AI. Jacobs also pointed out that cybersecurity investments are becoming more crucial as the value of data grows.

Nadig added that AI’s impact will also extend to infrastructure sectors, especially power, and emphasized the importance of retail companies integrating AI into consumer devices. Finally, both experts acknowledged the growing importance of physical infrastructure, such as electricity, data centers, and materials like copper, in supporting the rapid expansion of AI technologies.

READ ALSO: 11 Trending AI Stocks on Latest News and Ratings and 10 AI Stocks Taking Wall Street by Storm.

AI as a Business Tool: Evolving Pricing Strategies

On December 10, Bloomberg reported that OpenAI CFO Sarah Friar discussed the potential for charging business users thousands of dollars per month for its AI software to better reflect its value. She explained that for users, such as lawyers or academics, AI tools could function like having a highly skilled assistant, making a higher subscription fee reasonable. Currently, OpenAI offers a $20-per-month plan for consumers and a $200 option for access to more powerful models.

The company also charges businesses on a per-user basis. In the future, Friar suggested the possibility of a value-based pricing model for AI products, based on the benefits companies gain, such as automating tasks and reducing the need for additional employees. This approach could help offset the high costs of developing AI systems.

For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s database of 900 hedge funds.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

A team of IT professionals working on a digital platform, indicating the company’s agile digital services.

Equinix, Inc. (NASDAQ:EQIX)

Number of Hedge Fund Holders: 55

Equinix, Inc. (NASDAQ:EQIX) is a digital infrastructure platform that enables organizations to scale rapidly and launch digital services with agility. The company supports AI-driven interconnection and collaboration, helping businesses improve performance while meeting sustainability goals.

Wells Fargo increased its price target for Equinix from $985 to $1,100, maintaining an Overweight rating on the stock. The firm is optimistic about data center companies heading into 2025, citing continued high leasing activity, rising market rents, and strong potential for 8%-10%+ growth in AFFO per share by 2026 and beyond. Equinix is considered Wells Fargo’s top pick.

Overall, EQIX ranks 4th on our list of AI news that investors probably missed. While we acknowledge the potential of EQIX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQIX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

Disclosure: None. This article is originally published at Insider Monkey.

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