Resend-BUZZ-Elon Musk says demand is "endless," combined with Super Micro's earnings forecast, AI stocks surge
路透社2026/10/20 22:56Added the missing "%" symbol in key point 5
October 20 - ** After Elon Musk emphasized the endless demand for computing power during SpaceX's SPCX.O earnings call, shares of AI infrastructure providers rose in after-hours trading
** Applied Digital APLD.O rose about 4%; CoreWeave CRWV.O and IREN IREN.O both rose about 5%; Nebius Group NBIS.O gained around 6%
** "Frankly, we are constantly being chased by the major hyperscale cloud providers as well as dozens of smaller companies hoping to rent more of our compute resources. So, if we said 'yes' to everyone, our compute resources could even be rented out several times over," Musk stated
** AI server manufacturer Super Micro SMCI.O also rose 6% after issuing a strong outlook (link)
** Dell DELL.N gained about 6%, and Hewlett Packard Enterprise HPE.N rose a bit more than 5%
** HUT 8 HUT.O rose 3.8%, and Core Scientific CORZ.O gained 3.5%
(To facilitate non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or not provide the required context, Reuters does not guarantee the accuracy of translated texts and provides them for the convenience of readers only. Reuters assumes no responsibility for any damage or loss caused by using the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) downgraded to "Hold" by Loop Capital: iPhone shipment cuts likely difficult to offset, valuation at five-year high
Loop Capital downgraded Apple's rating due to concerns over iPhone shipments.
LS Electric Q3 Operating Profit Rises 131.71% Year on Year
Micron Technology (MU.US) invests in expanding Indium’s New York plant: Restarts domestic processing of critical minerals, secures long-term supply of high-purity materials
Micron Technology is investing in the critical minerals processing sector to enhance the U.S. supply chain ecosystem.
Deputy Governor of the Reserve Bank of Australia warns of “significantly worsening” inflation outlook; probability of rate hike in November rises to 43%
Hauser stated on Wednesday that Australia’s inflation outlook appears “significantly worse” than the Reserve Bank of Australia’s forecast in August, mainly due to rising oil and technology product prices, as well as persistent domestic pressures.
Crypto prices
More
