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Billionaire Ken Griffin Just Increased His Position in This Data Center Stock by 704% (Hint: It's Not Nvidia)

The Motley Fool
Summary
Nutrition label

79% Informative

Ken Griffin of Citadel Advisors increased his position in data center stock Equinix by 704% in the second quarter .

The data center company stands to benefit from secular tailwinds fueling AI demand -- particularly the $1 trillion IT infrastructure opportunity.

CEO Adaire Fox-Martin compared the rise of AI to that of cloud computing a decade ago .

For now, I think Equinix stock is worth monitoring but I see opportunities to invest at more reasonable valuations down the road.

Don’t miss this second chance at a potentially lucrative opportunity.

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- Netflix : if.

you invested in Netflix in 2004 , you would have $ 407,758 ! - Netflix.

VR Score

75

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short-lived

External references

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