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Nvidia CEO Jensen Huang called in to talk with Equinix CEO Adaire Fox-Martin at an Equinix event in San Francisco, California, on Sept. 2, 2026. Courtesy: Vlad Galabov
Long before the era of the hyperscalers and neoclouds, and decades ahead of the AI data center boom, there was Equinix . Described as a colocation facility, Equinix provides data center space for over 10,500 customers, offering space, power, cooling and security for companies that need a place to house their servers, routers and storage systems. That experience, dating back to the 1998 dot-com bonanza, has given Equinix an important and expanding role in the artificial intelligence data center market, where hyperscalers are expected to spend over $5 trillion by 2030, according to Goldman Sachs Research. On Wednesday, Equinix inked a deal with Nvidia that gives customers a flexible way to run their AI models on open-source cloud platform Together AI. Equinix's stock price is up 33% this year, beating all of megacap tech and lifting the company's market cap to $100 billion. It's by far the most valuable data center real estate investment trust (REIT), ahead of Digital Realty, which has a market cap of $68 billion.
Stock Chart Icon Stock chart icon Equinix vs. S&P 500 this year
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