Equinix, Inc. (NASDAQ:EQIX) is one of the
10 Best AI Pick-and-Shovel Stocks to Buy. On April 8, 2026, Cantor Fitzgerald initiated coverage of Equinix, Inc. (NASDAQ:EQIX) with an Overweight rating and a $1,173 price target. Cantor Fitzgerald said AI infrastructure is “an attractive place to invest,” citing broad adoption across industries and expecting a sustained supply and demand imbalance over the next five-plus years to support pricing.
On March 30, 2026, Truist assumed coverage of Equinix, Inc. (NASDAQ:EQIX) with a Buy rating and raised its price target to $1,127 from $1,087. Truist said data centers are its preferred sub-sector within communications infrastructure and technology, describing them as “the effective real estate partner for AI, Cloud and digital transformation investment,” and highlighted Equinix alongside Digital Realty as preferred names.
Earlier in March, Equinix, Inc. (NASDAQ:EQIX) appointed Olivier Leonetti as Chief Finance Officer, effective March 16. Olivier Leonetti previously served as CFO of Eaton and Johnson Controls, and held finance leadership roles at Zebra Technologies, Western Digital, Dell, and Amgen, succeeding Keith Taylor.
Equinix, Inc. (NASDAQ:EQIX) operates digital infrastructure and data centers globally.
While we acknowledge the potential of EQIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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