Equinix shares decrease as revenues, and capital spending expectations for the disappointment of investors

(Reuters) -Equinix shares decreased by 8 % on Thursday after the Data Center expected revenue growth without expectations and heavy investments to meet the long -term demand.

The company plans to double its current capacity over the next five years to take advantage of the increasing demand for infrastructure to meet the increase in the use of artificial intelligence.

The shares of the Iron Mountain, Digital Realty and Core Scientific decreased between 2 % and 3 %.

Equinix intensifies investments to expand its infrastructure for high demand demand. BMO market analysts said in a note that this is expected to lead to a long-term growth-which is likely to cross 10 % by 2030-will continue to grow in the short term modest.

Its annual revenues are expected to grow by 7 % to 10 % from 2025 to 2029, which is slightly lower than its previous expectations.

Meanwhile, she updated her forecasts of amended funds from growth operations (AFFO) of the share to 5 % to 9 % now from 7 % to 10 %, disappointing the owners of investors.

To the growing demand for reasoning to infer, Equinix plans to increase annual capital spending to $ 4 billion to $ 5 billion from 2026 to 2029, up from $ 3.3 billion in 2025.

(Akash Sardam reports in Bangaluru; Tahrir by Leroy Leo)