Reported 1 day ago
Hut 8 Corp. (NASDAQ:HUT) saw its stock price increase by 17.27% to $47.66 as investors shifted their funds towards high-performance computing (HPC) following Oracle Corp.'s announcement of a $38 billion data center expansion. This positive trend in Hut 8's stock, along with peers like IREN Ltd. and Cipher Mining Inc., reflects growing investor optimism in infrastructure demand for next-generation AI. Furthermore, Piper Sandler has raised Hut 8's price target by 124%, indicating significant growth potential.
Source: YAHOO