Hyperscale cloud computing companies like Google, Amazon, and Microsoft are set to invest $500 billion in capex this year, with Google alone committing between $175 billion and $185 billion in 2026. Equinix, a data center REIT, is expanding its global data center platform to support hyperscalers, aiming to double its value in the near future.

Equinix operates 273 data centers in 77 markets, serving over 10,000 customers, including tech giants like Google, Amazon, and Microsoft. The company reported record annualized bookings of $394 million in the third quarter, with a robust 11% increase in adjusted funds from operations.

Equinix is investing heavily to expand its data center capacity, with 58 major projects underway, including 12 AI-ready hyperscale data centers. The company plans to deploy 3 gigawatts of capacity and double its data center capacity by 2029, with an annual capital investment of $4 billion to $5 billion.

Equinix’s bold expansion plan aims to double its data center capacity by the end of the decade to support the growth of hyperscale cloud providers. The company’s strategy could lead to substantial value growth, making it an attractive investment opportunity for those looking to capitalize on the data center capex boom.

Read more at Yahoo Finance: This Datacenter REIT Could Double as Hyperscalers Spend $500 Billion in 2026