Latest news with #Equinix
Bloomberg
9 hours ago
- Business
- Bloomberg
Google, Equinix Leaders on AI Data Center Demand in Asia
Giorgio Fortunato, Head, Clean Energy & Power, Google Asia Pacific; and Yee May Leong, Managing Director, South Asia, Equinix Singapore discuss how AI-driven data centers could reshape Asia's energy mix, transform electric grids and redefine energy security with Bloomberg's Stephen Stapczynski at the 2025 Bloomberg Sustainable Business Summit in Singapore (Source: Bloomberg)
The Sun
a day ago
- Business
- The Sun
Ramssol forges landmark AI, cloud computing collaboration with Tencent, Equinix
PETALING JAYA: Malaysia is set to accelerate its digital transformation by tapping Chinese expertise in artificial intelligence (AI) and cloud computing, following a landmark collaboration spearheaded by Ramssol Group Bhd with Tencent Cloud and supported by Equinix. The Malaysia-China Tech & Trade Cooperation Exchange Conference 2025, held in Sheraton Petaling Jaya today, underscored the nation's ambitions to become a regional hub for next-generation technologies while deepening bilateral ties with China. The initiative will introduce Tencent Cloud's advanced AI and cloud solutions to the Malaysian market through Ramssol's subsidiary, Rams Solutions, targeting retail and service industries seeking to automate operations, enhance customer engagement and adopt data-driven strategies for greater competitiveness across Asean markets. Deputy Communications Minister Teo Nie Ching, who officiated the event, said Malaysia's leadership as Asean Chair in 2025 positioned it uniquely to drive regional innovation and stability. She highlighted Prime Minister Datuk Seri Anwar Ibrahim's role in brokering peace between Thailand and Cambodia over a border dispute as an example of Malaysia's diplomatic and technological leadership. 'Technologies such as AI, smart communication, and cloud computing are redefining how economies grow, connect and innovate,' Teo said. 'Malaysia is proud to play a pivotal role in this journey. With our strategic position in Southeast Asia, a growing digital economy, and a future-ready talent pool, we remain committed to driving innovation that benefits all.' She stressed the need for alliances 'anchored on trust, mutual respect and shared ambitions' to build an open, secure and future-focused digital ecosystem that supports investment and long-term growth. Teo also outlined ongoing initiatives under the Communications and Multimedia Act 1998, including technical standards by the Malaysian Communications and Multimedia Commission (MCMC) to ensure communications equipment and services meet safety, interoperability and reliability benchmarks. Malaysia's broader digital push includes the Online Safety Act 2025, which mandates platforms to curb harmful content such as scams, cyberbullying and child exploitation, while maintaining innovation and free expression. She cited campaigns like Kempen Internet Selamat reaching over 43,000 participants in 348 schools and cashless adoption drives at Nadi Centres benefiting 1.8 million users as examples of initiatives fostering safer and more inclusive digital participation. Broadband penetration currently stands at 130.8% for mobile and 48.4% for fixed lines. Ramssol Group chairman Datuk Abdul Harith Abdullah said the collaboration reflects the group's long-term strategy to position Malaysia as a bridge for cross-border technology exchange and innovation in Asean. 'These collaborative events are more than just knowledge-sharing platforms; they are strategic gateways to future growth,' he said. 'By aligning Malaysia's digital ambitions with China's tech expertise, we are paving the way for sustained innovation, enhanced bilateral trade and scalable transformation across Asean.' The conference also showcased Tencent Cloud's real-time communication platforms, unmanned retail solutions, automated parking systems and intelligent media processing tools, technologies that have transformed consumer experiences in China and are now being introduced to Malaysian enterprises. Equinix's participation ensures scalable, secure digital infrastructure for cross-border solutions, with analysts noting robust infrastructure as vital for seamless technology integration. Teo described the initiative as a model for international cooperation where the Malaysia–China relationship continues to stand as a model where innovation drives value and collaboration leads to mutual prosperity. 'Let us move forward with confidence and a shared commitment to shaping a better, smarter future for Asia through innovation and cooperation,' she said.
Yahoo
3 days ago
- Business
- Yahoo
Billionaire Paul Singer Is Doubling Down on This Data Center Stock. Should You?
Equinix (EQIX) is back in the spotlight on news that Elliott Investment Management, an activist hedge fund led by billionaire Paul Singer, raised its stake to become one of its top-10 shareholders. This comes at a good time for the data center-focused real estate investment trust (REIT) as shares have fallen 15% this year so far as a result of margin compression and investor skepticism over its next phase of growth. Elliott's recent move, with its track record of extracting shareholder value, is once again giving investors hope that change is on the horizon. The data center industry remains strategically significant as demand for cloud compute and AI workload keeps rising sharply. Being a global leader in colocation with over 245 centers across 71 markets, Equinix remains well-positioned but must prove it is capable of delivering efficiency. After the company beat Q1 estimates and raised its 2025 guidance, investors are hopeful that a turnaround is underway. More News from Barchart China, Chips, and Chaos: Where Smart Investors Are Putting Their Money Now Alphabet Had a 'Standout Quarter.' Should You Buy GOOG Stock Here? The Saturday Spread: Leveraging Practical Math to Extract Alpha in Hidden Places Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! About Equinix Stock Equinix (EQIX) is data center REIT that supports cloud platforms, digital infrastructure operators, and enterprise clients. Equinix is located in Redwood City, California, with a $77.2 billion market cap, as well as over 245 IBX sites worldwide. EQIX stock has been quite erratic, having fallen 15% for the year and trading nearly 20% below its 52-week high of $994.03. This uninspiring showing is a long way from a strong 8.5% rally for the S&P 500 Index ($SPX) in the same period. One reason for the underperformance is that, at its June investor day, Equinix announced a heavy capex approach that scared investors. Nevertheless, the recent Elliott news has lifted shares about 2.7% over the previous five sessions. From a valuation perspective, Equinix is trading at 23.7x forward earnings as well as 8.9x price-sales, premium valuations compared to other REITs. Plus, its P/E is moderately higher compared with its 5-year average, so its stock is moderately overpriced unless margin improvements materialize. It pays a quarterly dividend and yields 2.3% currently, offering steady income as well as long-term potential for capital appreciation. Equinix Beats on Earnings Equinix posted strong Q1 2025 numbers, delivering revenue of $2.2 billion, up 5% year over year. Operating income surged 26% to $458 million, with net income rising 48% to $343 million, or $3.50 per share. That was better than Wall Street forecasts and revealed strong underlying demand. Management raised full-year revenue guidance to $9.175 billion to $9.275 billion and boosted its adjusted EBITDA forecast to $4.471 billion to $4.551 billion, implying a 210-basis point margin expansion to 49%. Adjusted funds from operations (AFFO) guidance was also lifted to a range of $3.675 billion to $3.755 billion, or $37.36–$38.17 per share, representing 7%-9% growth. In addition to the numbers, Equinix revealed strong traction in its AI-ready data centers. It became the first to host Nvidia's (NVDA) Blackwell-powered DGX SuperPOD systems, thus making it a key enabler of next-gen AI training as well as inference workloads. Block (XYZ) and Groq are both very early adopters, a testament to Equinix's success with blue-chip customers. The company has 56 projects under construction in 24 countries and is constantly expanding its xScale portfolio, of which more than 85% of its capacity is leased or pre-leased. What Do Analysts Expect for Equinix Stock? Equinix has a 'Strong Buy' consensus rating from the 29 analysts in coverage. 22 of them rate it as a 'Strong Buy,' two as a 'Moderate Buy,' and five as a 'Hold.' Plus, the renewed activity from Elliott could trigger a wave of upward revisions. Its average target price stands at $950.77, reflecting a 19% possible rise from its current price. Its high target of $1,200 implies a 50% increase. On the date of publication, Yiannis Zourmpanos did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Billionaire Paul Singer Is Doubling Down on This Data Center Stock. Should You?
Equinix (EQIX) is back in the spotlight on news that Elliott Investment Management, an activist hedge fund led by billionaire Paul Singer, raised its stake to become one of its top-10 shareholders. This comes at a good time for the data center-focused real estate investment trust (REIT) as shares have fallen 15% this year so far as a result of margin compression and investor skepticism over its next phase of growth. Elliott's recent move, with its track record of extracting shareholder value, is once again giving investors hope that change is on the horizon. The data center industry remains strategically significant as demand for cloud compute and AI workload keeps rising sharply. Being a global leader in colocation with over 245 centers across 71 markets, Equinix remains well-positioned but must prove it is capable of delivering efficiency. After the company beat Q1 estimates and raised its 2025 guidance, investors are hopeful that a turnaround is underway. More News from Barchart China, Chips, and Chaos: Where Smart Investors Are Putting Their Money Now Alphabet Had a 'Standout Quarter.' Should You Buy GOOG Stock Here? The Saturday Spread: Leveraging Practical Math to Extract Alpha in Hidden Places Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! About Equinix Stock Equinix (EQIX) is data center REIT that supports cloud platforms, digital infrastructure operators, and enterprise clients. Equinix is located in Redwood City, California, with a $77.2 billion market cap, as well as over 245 IBX sites worldwide. EQIX stock has been quite erratic, having fallen 15% for the year and trading nearly 20% below its 52-week high of $994.03. This uninspiring showing is a long way from a strong 8.5% rally for the S&P 500 Index ($SPX) in the same period. One reason for the underperformance is that, at its June investor day, Equinix announced a heavy capex approach that scared investors. Nevertheless, the recent Elliott news has lifted shares about 2.7% over the previous five sessions. From a valuation perspective, Equinix is trading at 23.7x forward earnings as well as 8.9x price-sales, premium valuations compared to other REITs. Plus, its P/E is moderately higher compared with its 5-year average, so its stock is moderately overpriced unless margin improvements materialize. It pays a quarterly dividend and yields 2.3% currently, offering steady income as well as long-term potential for capital appreciation. Equinix Beats on Earnings Equinix posted strong Q1 2025 numbers, delivering revenue of $2.2 billion, up 5% year over year. Operating income surged 26% to $458 million, with net income rising 48% to $343 million, or $3.50 per share. That was better than Wall Street forecasts and revealed strong underlying demand. Management raised full-year revenue guidance to $9.175 billion to $9.275 billion and boosted its adjusted EBITDA forecast to $4.471 billion to $4.551 billion, implying a 210-basis point margin expansion to 49%. Adjusted funds from operations (AFFO) guidance was also lifted to a range of $3.675 billion to $3.755 billion, or $37.36–$38.17 per share, representing 7%-9% growth. In addition to the numbers, Equinix revealed strong traction in its AI-ready data centers. It became the first to host Nvidia's (NVDA) Blackwell-powered DGX SuperPOD systems, thus making it a key enabler of next-gen AI training as well as inference workloads. Block (XYZ) and Groq are both very early adopters, a testament to Equinix's success with blue-chip customers. The company has 56 projects under construction in 24 countries and is constantly expanding its xScale portfolio, of which more than 85% of its capacity is leased or pre-leased. What Do Analysts Expect for Equinix Stock? Equinix has a 'Strong Buy' consensus rating from the 29 analysts in coverage. 22 of them rate it as a 'Strong Buy,' two as a 'Moderate Buy,' and five as a 'Hold.' Plus, the renewed activity from Elliott could trigger a wave of upward revisions. Its average target price stands at $950.77, reflecting a 19% possible rise from its current price. Its high target of $1,200 implies a 50% increase. On the date of publication, Yiannis Zourmpanos did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
Equinix (EQIX) Taps Accelsius Cooling System to Enhance Data Center Operations
Equinix, Inc. (NASDAQ:EQIX) is one of the top AI stocks with huge upside potential. On July 15, the company entered into a strategic partnership with Accelsius, a leader in advanced data center cooling solutions. Consequently, the company plans to integrate Accelsius' proprietary NeuCool IR80 system to enhance cooling in its data centers. A close up of a hand typing in commands into a keyboard connected to a large data center. The integration of the advanced cooling technology, the NeuCool IR80 system, will enable Equinix to reduce data center consumption and enhance GPU performance. The cooling system is to be deployed at Equinix's Co-Innovation Facility in Ashburn, providing a real-world demonstration of their advanced cooling capabilities. The NeuCool IR80 system stands out in allowing 6-8°C warmer inlet water temperature compared to other technologies. The technology will address the growing challenge of high-density hardware, particularly GPUs, which are essential for AI and machine learning workloads. 'Liquid cooling is revolutionizing how data centers cool powerful, high-density hardware,' said Pawel Wlodarczak, Innovation Director and Global Design & Construction at Equinix. 'By working with companies like Accelsius in our Co-Innovation Facility we are able to help the industry continue to iterate and innovate on high-density cooling solutions – such a critical aspect of the data center.' Equinix, Inc. (NASDAQ:EQIX) is a global digital infrastructure company that provides data center and interconnection services. It provides the physical and virtual infrastructure needed for businesses to connect and exchange data, enabling digital transformation and hybrid multicloud deployments. While we acknowledge the potential of EQIX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Chemical Stocks to Buy According to Billionaires and 7 Most Undervalued Pot Stocks To Buy According To Analysts. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
