BTIG Initiates Buys on Digital Realty and Equinix, Sees AI Driving a Multi-Decade Data Center Cycle
BTIG began coverage of Digital Realty Trust and Equinix with Buy recommendations, asserting that AI-related demand has created a secular, long-duration expansion for data centers. The firm highlighted large hyperscaler capital spending forecasts, strong rent appreciation, and a substantial development pipeline, while noting constraints that may pre…