Equinix Inc

EQIX is in a Stage 2 advancing phase with its long-term uptrend intact, but near-term EMAs have flattened and price is consolidating around the key $1,000 support zone. The medium-term bias remains bullish, however short-term conditions show no clear edge, warranting patience for a pullback into the near-term EMA or support area before committing. A decisive reclaim above the 20 EMA would confirm resumed momentum, while a clean break below the EMAs would invalidate the bullish stance.

• ↑Q2 revenue +16.4% YoY to $2.63B; AFFO per share +18% to $11.78.
• ↑AI-driven workloads drive ~60% of large deals, fueling demand.
• ↓P/E of 67x far exceeds sector average, heightening valuation risk.