We touched on this little-known $US80bn data centre goliath in March. By market cap, it’s almost exactly twice the size of Goodman Group (GMG), the 9th largest company in the ASX200. This quality business reminds us of GMG, having delivered over 20 consecutive years of quarterly revenue growth. The company remains optimistic about future growth in AI and interconnection services, as do we. The stock will swing around on AI sentiment, but we like it into dips as it looks to recover from the recent negative interpretation of DeepSeek developments.
- We like EQUIX around $US850, but the risk/reward has diminished after the stock’s impressive 26% bounce.
MM is cautiously bullish towards Equinix
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