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Why Equinix Stock Has Soared in 2020

TheMotleyFool

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Shares in data center real estate investment trust (REIT) Equinix (NASDAQ: EQIX) bucked the broader market declines and soared 20.3% in the first half of 2020, according to data provided by S&P Global Market Intelligence. There haven't been many winners in the COVID-19 environment, but data centers are arguably one of them.

In a nutshell, the pandemic has helped accelerate an already strong trend toward the usage of video conferencing, remote working, and digitization in general. That's music to the ears of data centers responsible for storing and distributing data.

Image source: Getty Images.

Source Fool.com

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