Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

Equinix is a real estate investment trust focusing on interconnected data centers. EQIX develops data center platforms and architecture for businesses involved in cloud software, IT, financial services, and mobile services. The company offers secure networks and cloud-neutral data platforms, and is leveraged to the secular transition away from on-premises data centers to cloud colocation centers. The company can face FX pressure. About 38% of 2024 revenues were in USD. At the beginning of 2025, the company had just under 270 data centers on six continents, in over 74 global metro areas, and over 35 countries with a growing focus on hyperscale centers. About 80% of properties are considered stabilized. Of year-end 2024 recurring revenue, about 35% was from cloud and IT and 22% from network customers. Approximately 44% of revenues are from the Americas. The top 10 customers account for under 17% of MRR. The average MMR billings per cabinet was just under $2,300 in 2024. Current expansion is focused on Africa, Asia, and South America. EQIX shares are a component of the S&P 500. The market cap is $88 billion.

March has come 'in like a lion.' Let's see if it goes 'out like a lamb.' The major indices saw downside follow-through Tuesday morning following Monday's wreckage, but bounced hard after hitting key support levels. The S&P 500 (SPX) was down 2%, clawed its way back to positive territory, but then plummeted in the last 35 minutes of the session, finishing off 1.2%. The Nasdaq and Nasdaq 100 were the stars of the day, declining only 0.4%, while the S&P 100 dipped 1.1%. The small-cap and mid-cap indices were the weakest again, down 1.5% to 1.6%. The 5,773 region for the SPX is key as there is a cluster of support there. It represents chart support from the prior low in January, the rising 200-day average, and a 38.2% retracement of the rally since August 2024. Since the SPX started its descent from an all-time closing high on February 19, the index has given back 6% in nine days. The next important zone of support is between 5,630 to 5,650 -- which is the last major breakout area, the location of the 50-week, and a 50% retracement of the rally since August. The QQQ has tanked 8% from its all-time high nine days ago. Support in the 490-500 area was provided by the 200-day average, the former breakout region, and a 38.2% give-back of the rally since August. The Nasdaq has slid 9% in just nine days, with the last closing all-time high on December 16. The index bounced off a 50% retracement of the rally, the prior breakout area, and the 50-week exponential moving average, and has slightly undercut its 200-day.

Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.