1 Emerging AI Stock You Won't Want to Overlook
Artificial Intelligence (AI) is a hot topic these days. Companies are scrambling to learn how to leverage the power of AI to drive their businesses. That's providing a big boost to companies developing and supporting the technology.
Since AI relies on data, data centers could see a massive boost from AI as the technology becomes more mainstream. It's already starting to drive incremental growth for leading data center REIT (NASDAQ: EQIX). Here's why investors won't want to overlook this emerging AI stock.
AI has been a hot topic of conversation on quarterly earnings calls this year. Unsurprisingly, AI was part of the conversation on Equinix's first-quarter conference call. In discussing AI, CEO Charles Meyers stated: "It's interesting because ChatGPT has created a media frenzy around AI. But the reality is we've seen AI-related opportunities in our pipeline for the last several years."
Source Fool.com
Equinix Inc. Stock
We see a rather positive sentiment for Equinix Inc. with 12 Buy predictions and 1 Sell predictions.
As a result the target price of 830 € shows a slightly positive potential of 16.77% compared to the current price of 710.8 € for Equinix Inc..
