Activist investor Elliott Investment Management has increased its stake in Equinix after the data center operator’s stock price dropped last month. Elliott, known for profitable tech investments, has been in talks with Equinix, although specific demands and stake size remain unknown. Equinix’s stock rose 1.5% to $789.19 on Monday. The company’s higher-than-expected capital expenditure plan led to an 18% stock price drop after an analyst day last month. Equinix is well-positioned to benefit from growing demand for data centers due to increasing AI adoption. Bloomberg first reported Elliott’s investment.

Read more at Yahoo Finance: Activist Elliott grows stake in Equinix, holds talks with company