"Hindenburg Research Exposes Alleged AI Misrepresentation by Equinix"

Hindenburg Research has accused data center provider Equinix of promoting an "AI pipe dream" to shareholders while manipulating metrics to enhance profitability, leading to a 7% pre-market share plunge. The short seller alleges that Equinix misclassified maintenance expenses as growth spending, resulting in inflated adjusted funds from operations and executive stock grants. Equinix is investigating the claims, and Hindenburg has a history of taking short positions against prominent companies.