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Equinix Stock (EQIX) Partners With Energy Firms to Power Global Data Centers

Equinix, Inc. (NASDAQ:EQIX) is one of the AI Stocks In The Spotlight For Investors. On August 14, the company announced that it is working with leading energy companies to support the needs of Equinix data centers worldwide amid increasing global electricity demands.

The move reflects Equinix’s diversified portfolio power strategy to help alleviate potential power constraints in the future, leveraging advanced power technologies and working directly with utilities to strengthen the grid.

Not only has the company announced funding and supporting advanced transmission system upgrades with utility partners, but also investments in power solutions such as fuel cells and natural gas in order to enhance its operations while adding capacity resources to the grids.

In the future, the company also intends on supporting the development of advanced nuclear technologies to produce reliable, clean power.

Currently, Equinix’s partnerships include those with next-generation nuclear technology providers, including Oklo (500MW), Radiant (20 microreactors), ULC-Energy (250 MWe), and Stellaria (500 MWe).

A trader on the floor of the stock exchange, capturing the energy that powers the market.

Its investments in power solutions include an agreement with Bloom Energy to expand the deployment of solid-oxide fuel cells to more than 100MW at over 19 data centers in six states for power generation.

The company has achieved 96% renewable energy coverage globally, with 250 sites operating on 100% renewable energy in 2024. It plans on reaching 100% clean and renewable energy across its global portfolio by 2030.

“Access to round-the-clock electricity is critical to support the infrastructure that powers everything from AI-driven drug discovery to cloud-based video streaming. As energy demand increases, we believe we have an opportunity and responsibility to support the development of reliable, sustainable, scalable energy infrastructure that can support our collective future. By working with our energy partners, we believe we can support the energy needs of our customers and communities around the world by helping to strengthen the grid and investing in new energy sources.”

-Raouf Abdel, Executive Vice President of Global Operations at Equinix.

Equinix, Inc. (NASDAQ:EQIX) is a pure-play data center provider.

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 AI Stocks Analysts Are Watching Closely and 10 Trending AI Stocks in Focus This Week.

Disclosure: None.

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

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

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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?

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  • 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.

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