Equinix Reaches $100B Market Cap, Partners with Nvidia for Together AI Deployments

Equinix has reached a market capitalization of $100 billion following a 33 percent increase in its stock price this year. [1][2] The data center company signed an agreement with Nvidia to provide customers with a flexible method for running artificial intelligence models on the Together AI cloud platform. [1][2] Equinix currently provides data center space, power, cooling, and security for more than 10,500 customers. [2]

During a September 2, 2026 event in San Francisco, Nvidia CEO Jensen Huang and Equinix CEO Adaire Fox-Martin discussed the partnership via video. [2] Goldman Sachs Research projects that hyperscalers will spend more than $5 trillion in the artificial intelligence data center market by 2030. [2]

Equinix is positioning its legacy colocation business to capture artificial intelligence workloads, providing an alternative to major cloud providers. By partnering with Nvidia and Together AI, the company allows enterprise customers to run hardware in a distributed architecture that keeps compute close to sensors and data sources. This strategy contrasts with the approach of hyperscalers like Amazon and Google, as well as neoclouds like CoreWeave, which are spending hundreds of billions annually to primarily serve major AI labs such as OpenAI and Anthropic. By renting space to customers of varying sizes who use compute platforms ranging from Nvidia to AMD, Equinix is carving out a distinct infrastructure niche. What the sources don't address: How the specific pricing model for the Together AI platform integration will be structured for Equinix customers.