Billionaire Ken Griffin Just Increased His Position in This Data Center Stock by 704% (Hint: It's Not Nvidia) [Yahoo! Finance]
Equinix, Inc. (EQIX)
Last equinix, inc. earnings: 2/12 04:01 pm
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equinix.com/company/investors
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Source: Yahoo! Finance
Chipsets known as graphics processing units (GPUs) are important for developing generative AI, and companies including Nvidia Advanced Micro Devices , and Taiwan Semiconductor have emerged as early winners in the GPU realm so far. IT infrastructure is an area tangential to the GPU landscape, and I continue to think it's going overlooked. GPUs are stored in data centers , so wouldn't it make sense that as demand for these chips rise, so will the need for data center services? Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Well, apparently billionaire investor Ken Griffin of Citadel Advisors might think so. According to Citadel's most recent 13F filing, the fund increased its position in data center stock Equinix (NASDAQ: EQIX) by 704% during the second quarter -- bringing its position to roughly 564,000 shares. I'll outline why I see Equinix as an under-the-radar opportunity in the AI space, and will assess if I think
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EQIX
News
- Equinix Set to Build New Data Center Facility in Singapore [Yahoo! Finance]Yahoo! Finance
- Equinix, Inc. (NASDAQ: EQIX) had its price target raised by analysts at Stifel Nicolaus from $995.00 to $1,080.00. They now have a "buy" rating on the stock.MarketBeat
- Equinix to Help Accelerate AI Innovation in Singapore with US$260+ Million Data Center Expansion [Yahoo! Finance]Yahoo! Finance
- Equinix to Help Accelerate AI Innovation in Singapore with US$260+ Million Data Center ExpansionPR Newswire
- Equinix, Inc. (NASDAQ: EQIX) had its price target raised by analysts at Barclays PLC from $810.00 to $822.00. They now have an "equal weight" rating on the stock.MarketBeat
EQIX
Earnings
- 10/30/24 - Miss
EQIX
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 144
- EQIX's page on the SEC website