Oct 30 (Reuters) - Equinix ( EQIX ) forecast

fourth-quarter revenue above Wall Street estimates on Wednesday,

driven by steady demand for its data center services amid the

continuing surge in artificial intelligence boom.

Enterprise clients depend on data center services from

companies such as Equinix ( EQIX ) to expand their digitization

initiatives.

Data centers are crucial in supporting AI, as the

technology requires massive computing power.

"We see continued robust demand for AI-enabling digital

infrastructure from a highly diverse set of customers of varying

sizes, industries, and regions," CEO Adaire Fox-Martin said in a

statement.

Equinix ( EQIX ) expects fourth-quarter revenue to be between $2.26

billion and $2.30 billion, the midpoint of which is slightly

above analysts' average estimate of $2.26 billion, according to

data compiled by LSEG.

It expects adjusted core earnings in the range of $1.01

billion to $1.05 billion in the fourth quarter, compared with

estimates of $1.04 billion.

The company also raised its annual revenue and adjusted

funds from operations forecasts.

In the three months ended Sept. 30, Equinix's ( EQIX ) revenue

rose 2% to $2.20 billion, in line with analysts' estimates.

Adjusted funds from operations, which is a key measure of

cash flow, came in at $9.05 per share in the third quarter,

beating estimates of $8.49 per share.