BUZZ - Musk says demand is "endless", Super Micro releases earnings forecast, AI stocks surge

October 20 - ** After Elon Musk emphasized the never-ending demand for computing power during SpaceX’s SPCX.O earnings call, AI infrastructure providers’ shares rose in after-hours trading.

** Applied Digital APLD.O rose about 4%; CoreWeave CRWV.O and IREN IREN.O climbed roughly 5%; Nebius Group NBIS.O gained about 6%.

** “Frankly, we are constantly being pursued by all the major hyperscale cloud providers as well as dozens of smaller companies, all hoping to rent more of our computing resources. So, if we were to say ‘yes’ to everyone, we could easily rent out our computing power several times over,” Musk said.

** AI server maker Super Micro SMCI.O also gained 6% after issuing strong guidance (link).

** Dell DELL.N rose about 6%, while Hewlett Packard Enterprise HPE.N climbed slightly more than 5%.

** HUT 8 HUT.O gained 3.8%, and Core Scientific CORZ.O was up 3.5%.

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