EQIX - 1 Top Stock to Buy to Cash in on This $1 Trillion Megatrend
2023-06-30 09:33:00 ET
Data is a hot commodity these days. Companies are using more of it as they transform their businesses to thrive in the digital economy and capitalize on emerging opportunities like artificial intelligence (AI). The rapid rise in data usage is driving the need for more infrastructure to transmit and store all this digital information.
According to one estimate, the global economy will need to invest $1 trillion over the next five years to upgrade data infrastructure. That will provide data infrastructure companies tremendous opportunities to invest capital and grow their businesses.
While many companies will benefit from this investment megatrend, data center real estate investment trust (REIT) Equinix (NASDAQ: EQIX) stands out from its REIT sector peers as the best positioned to capitalize on this opportunity. Here's why it's the top choice.
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1 Top Stock to Buy to Cash in on This $1 Trillion Megatrend