HSBC says buy this data center stock as AI drives growth

By CNBC | Oct 4, 2024 at 07:29 AM EST

HSBC predicts strong growth for Equinix due to rising demand for AI data centers. Analysts see growth opportunities in digital transformation, cloud, and AI themes. Equinix's stock was upgraded to buy with a price target of $1,000, indicating a 14% potential upside.

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