10 Best Pick and Shovel AI Stocks to Invest In

7. Equinix, Inc. (NASDAQ:EQIX)

On July 1, 2026, Barclays raised its price target on Equinix, Inc. (NASDAQ:EQIX) to $1,130 from $1,109 and kept an Equal Weight rating. Barclays raised targets across the communications infrastructure real estate investment trust group, citing higher growth expectations than previously modeled. The firm said the companies are benefiting from ongoing hyperscale demand and accelerating enterprise AI demand.

On June 29, Citi analyst Michael Rollins raised the firm’s price target on Equinix to $1,260 from $1,240 and kept a Buy rating. Rollins said Equinix is benefiting from the ongoing growth in cloud and AI workloads, and that the company’s report should show its multi-year growth prospects.

Equinix also unveiled an expanded collaboration with Cisco (CSCO) and Nvidia (NVDA) to accelerate enterprise AI. The companies will enable customers to deploy Cisco Secure AI Factory with Nvidia across Equinix’s global data center network, using standardized AI factory blueprints and automation. Equinix is also partnering with Presidio to deploy the Programmable AI Technology Hub Lab, giving customers a real-world environment inside Equinix data centers to test, validate, and refine AI infrastructure before enterprise-wide rollout.

Equinix, Inc. (NASDAQ:EQIX) provides digital infrastructure and data center services worldwide.