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Short seller Hindenburg Research targeted data centre owner Equinix on Wednesday, alleging that the company manipulates its accounting and is selling an “AI pipe dream”.
Hindenburg’s disclosure of a short position and its allegations raise questions about the future for Equinix, which has been benefiting from the expectation that AI companies will need even more data centres to power the tech Equinix shares were pummelled on Wednesday and the company pulled a planned bond offering after the report hit. Shares of Equinix fell the most since August, dropping 5%. A representative for Equinix said the firm is investigating the claims.
Hindenburg’s disclosure of a short position and its allegations raise questions about the future for Equinix, which has been benefiting from the expectation that AI companies will need even more data centres to power the tech Equinix shares were pummelled on Wednesday and the company pulled a planned bond offering after the report hit. Shares of Equinix fell the most since August, dropping 5%. A representative for Equinix said the firm is investigating the claims.
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