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Equinix Inc (EQIX) Added to Citi’s Focus List. Here’s What That Means

Equinix Inc (NASDAQ:EQIX) is one of the best data center stocks to invest in according to billionaires. Equinix shares have gained more than 45% over the past six months, and analysts still see upside potential in the stock.

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On June 3, Equinix Inc (NASDAQ:EQIX) was added to Citi’s Focus List. This is a high-conviction compilation of the firm’s top buy-rated stock ideas. Citi has a Buy rating on Equinix stock with a price target of $1,240.

The firm based its latest call on Equinix on continued growth of the company’s recurring revenue. Citi sees Equinix’s recurring revenue growth hitting the high end of the guided range for 2026. Equinix’s recurring revenue is expected to grow 9% to 10% this year, and Citi believes this growth can extend beyond 2026.

In Q1 2026, Equinix’s recurring revenue increased 12% YoY to $2.33 billion. Total revenue rose 10% to $2.44 billion. The company reported robust demand for its AI, cloud, and networking solutions during the quarter. The strong start to the year led Equinix to raise its 2026 outlook. The company anticipates 2026 total revenue in the range of $10.1 billion to $10.2 billion, indicating a growth of between 10% and 11%.

On May 14, Equinix Inc. announced the global rollout of Equinix Fabric Geo Zones, a new network‑level sovereignty enforcement layer built into Equinix Fabric. The service addresses rising compliance risks from network rerouting events that can inadvertently move sovereign data across borders. By keeping traffic strictly within defined geographic boundaries, Geo Zones ensures enterprises meet legal data residency requirements while operating across interconnected clouds and providers. This expansion reinforces Equinix’s role as a leader in data center compliance and hybrid multicloud infrastructure.

Equinix Inc (NASDAQ:EQIX) is a digital infrastructure company. It operates a global network of data centers through which it provides colocation, secure physical hosting, and on-demand interconnections. The company’s infrastructure allows seamless connectivity across clouds and networks.

While we acknowledge the risk and potential of EQIX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EQIX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Debt-Free IT Stocks to Buy Now and 10 Best Stocks to Buy According to Billionaire Bill Gates.

Disclosure: None. Follow Insider Monkey on Google News.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

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Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

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