Why Equinix Stock Rose 22% in 2020
Shares of data center real estate investment trust (REIT) Equinix (NASDAQ: EQIX) rose 22.4% in 2020, according to data from S&P Global Market Intelligence. The move comes amid the market's realization that data centers have been one of the beneficiaries of the COVID-19 pandemic.
Image source: Getty Images.
Simply put, stay-at-home and social distancing measures have boosted the use of video conferencing, digitalization (the Internet of Things), remote working, big data analytics, and so on. Throw in the advent of 5G networking, and it's a recipe for strong growth in the future. In short, there's increased demand for storing and distributing data, and that's good news for data center REITS like Equinix and Digital Realty Trust.
Source Fool.com
