15 Best Data Center Stocks to Buy Now

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8. Equinix Inc. (NASDAQ:EQIX)

Market Cap: $75.3 Billion

Number of Hedge Fund Holders: 70

Equinix Inc. (NASDAQ:EQIX) is one of the best data center stocks to buy now. Equinix’s recent share price performance has been weak (down 18% YTD), particularly after its softer guidance in June.

That said, on August 12, 2025, Equinix (NASDAQ: EQIX) presented at the TD Cowen Communications Infrastructure Summit, where management outlined its capacity expansion plans and addressed ongoing operational challenges.

The company is shifting toward much larger builds, moving from 10 MW facilities to 30-60 MW sites, with plans for multi-hundred MW campuses.  This shift is driven by demand from hyperscale and enterprise clients. Under its “Build Bolder” program, management is prioritizing larger projects and flexible models to support AI and digital infrastructure needs.

Energy supply remains a key focus. Equinix is pursuing a multi-layered approach, including on-site generation, building its substations, and working with utilities to ensure reliable power. These steps are intended to balance rising demand with capital efficiency.

On July 30, the company released a robust set of results, which JP Morgan praised in a post-results report. The analyst modestly raised his price target to $940 from $935 while reiterating an Overweight rating, and cited bookings momentum as the primary driver for his optimistic view.

More recently, analysts from Bank of America Securities and Evercore ISI also reiterated their Buy or equivalent ratings during August 11-14, with price targets of $950 and $960, respectively.

Equinix Inc. (NASDAQ:EQIX) is one of the largest third-party data center operators globally. The company focuses on colocation, interconnection, and internet connectivity.

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