Equinix has been an outperformer this week, and through 2026, as an established REIT with diversified, multi-geography footprints, they are less exposed to the likes of Texas-specific regulatory risk. EQIX has significantly outperformed the broader data centre complex, declining only -1.6% versus the S&P 500’s -3.0% this week, and sharply outperforming power infrastructure peers like Vertiv (-24%) and Eaton (-10%).
EQIX has outperformed because it is structurally different from the data centre stocks that sold off; it is an established REIT operator with global diversification, not a US construction-dependent play. The election result that crushed Vertiv and Eaton is arguably neutral-to-positive for EQIX, as supply restrictions protect its existing asset base and its hyperscaler customers may face lower capex pressure.
- We can see Equinix making new highs in the coming months, once calm returns to the market, and in particular anything tech-facing.
