Equinix (EQIX) stock has fallen under considerable pressure amid the September-October bout of volatility. Although the data center giant finds itself on the right side of a profound secular trend (increased global appetite for data), the valuation remains incredibly rich. Still, for long-term thinkers keen on playing the space, which is well worth a premium multiple, the latest dip in EQIX stock may be attractive. In any case, I am neutral on the stock, primarily due to valuation concerns and potential risks that could present themselves over the next decade.
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Equinix (NASDAQ:EQIX)
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Equinix (NASDAQ:EQIX)
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