Northern Data (NB2) Is Well Positioned to Take Advantage of the AI Boom: Canaccord

Northern Data (NB2) Is Well Positioned to Take Advantage of the AI Boom: Canaccord

Infrastructure suppliers, corresponding to Northern Data (NB2), are effectively positioned to profit from the rising demand from synthetic intelligence (AI) and high-performance computing (HPC) corporations, dealer Canaccord Genuity stated in a report Thursday initiating protection of the inventory.

Canaccord assumed protection of the shares with a purchase score and a 60 euro ($62) worth goal. The inventory was buying and selling 2.4% greater at 45.65 euros at publication time.

Corporations like Northern Data are “building the railroad for the AI gold rush,” analysts led by Kingsley Crane stated. The corporate’s Taiga Cloud enterprise has come on-line on the “forefront of what is shaping up to be a generational opportunity.”

The dealer famous that Northern Data, which is 52% owned by stablecoin issuer Tether, has already introduced it was exploring choices to promote its Peak Mining enterprise.

A possible divestiture would give Northern Data money to put money into GPUs and data-center amenities, and would “meaningfully improve the company’s growth runway beyond FY25,” the report stated.

The shares nonetheless provide potential upside regardless of the 74% rally within the final three months, Canaccord stated, including that “investor appetite is evident.”

Learn extra: Bitcoin Miner Northern Data Strikes to Dismiss Ex-Workers’ Whistleblower Go well with

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 108,950.19 0.65%
ethereum
Ethereum (ETH) $ 2,562.74 1.72%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.26 2.04%
bnb
BNB (BNB) $ 661.57 0.74%
solana
Solana (SOL) $ 151.16 2.44%
usd-coin
USDC (USDC) $ 1.00 0.01%
tron
TRON (TRX) $ 0.28714 1.43%
dogecoin
Dogecoin (DOGE) $ 0.171226 4.21%
staked-ether
Lido Staked Ether (STETH) $ 2,562.14 1.76%
cardano
Cardano (ADA) $ 0.584061 1.73%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 108,851.16 0.62%
hyperliquid
Hyperliquid (HYPE) $ 39.74 1.55%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,091.15 1.65%
sui
Sui (SUI) $ 2.90 0.24%
bitcoin-cash
Bitcoin Cash (BCH) $ 495.85 1.61%
chainlink
Chainlink (LINK) $ 13.45 1.82%
leo-token
LEO Token (LEO) $ 9.01 0.28%
stellar
Stellar (XLM) $ 0.253577 6.56%
avalanche-2
Avalanche (AVAX) $ 18.32 2.45%
usds
USDS (USDS) $ 1.00 0.00%
the-open-network
Toncoin (TON) $ 2.83 3.38%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.04%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,744.60 1.73%
hedera-hashgraph
Hedera (HBAR) $ 0.159516 3.66%
weth
WETH (WETH) $ 2,563.90 1.78%
litecoin
Litecoin (LTC) $ 87.36 0.19%
whitebit
WhiteBIT Coin (WBT) $ 45.00 0.60%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.01%
monero
Monero (XMR) $ 322.44 2.15%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 108,940.19 0.63%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
bitget-token
Bitget Token (BGB) $ 4.45 1.30%
polkadot
Polkadot (DOT) $ 3.39 1.02%
uniswap
Uniswap (UNI) $ 7.39 0.56%
aave
Aave (AAVE) $ 286.45 4.61%
pepe
Pepe (PEPE) $ 0.00001 3.72%
dai
Dai (DAI) $ 1.00 0.00%
pi-network
Pi Network (PI) $ 0.462784 0.83%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.00%
bittensor
Bittensor (TAO) $ 326.88 1.78%
okb
OKB (OKB) $ 48.59 0.00%
aptos
Aptos (APT) $ 4.46 0.86%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 183.49 2.44%
near
NEAR Protocol (NEAR) $ 2.18 1.84%
internet-computer
Internet Computer (ICP) $ 4.85 1.84%
ethereum-classic
Ethereum Classic (ETC) $ 16.65 1.69%
crypto-com-chain
Cronos (CRO) $ 0.081201 0.35%
ondo-finance
Ondo (ONDO) $ 0.79261 1.56%
susds
sUSDS (SUSDS) $ 1.06 0.03%
usd1-wlfi
USD1 (USD1) $ 1.00 0.00%
kaspa
Kaspa (KAS) $ 0.077308 3.34%
mantle
Mantle (MNT) $ 0.572853 1.75%
fasttoken
Fasttoken (FTN) $ 4.42 0.35%
cosmos
Cosmos Hub (ATOM) $ 4.08 1.77%
gatechain-token
Gate (GT) $ 15.22 0.51%
vechain
VeChain (VET) $ 0.020845 1.10%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.682647 3.66%
official-trump
Official Trump (TRUMP) $ 8.62 1.05%
bonk
Bonk (BONK) $ 0.000022 16.86%
sky
Sky (SKY) $ 0.079343 3.99%
render-token
Render (RENDER) $ 3.23 2.43%
ethena
Ethena (ENA) $ 0.262489 3.24%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 109,037.21 0.83%
arbitrum
Arbitrum (ARB) $ 0.333814 2.06%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.183396 0.75%
filecoin
Filecoin (FIL) $ 2.28 1.44%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,563.91 1.73%
algorand
Algorand (ALGO) $ 0.177295 1.90%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.50 1.01%
worldcoin-wld
Worldcoin (WLD) $ 0.893163 2.94%
sei-network
Sei (SEI) $ 0.266535 1.83%
first-digital-usd
First Digital USD (FDUSD) $ 0.998337 0.00%
usdtb
USDtb (USDTB) $ 0.999904 0.02%
tokenize-xchange
Tokenize Xchange (TKX) $ 18.00 11.99%
kucoin-shares
KuCoin (KCS) $ 11.05 0.37%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 160.18 2.49%
usdt0
USDT0 (USDT0) $ 0.999833 0.11%
jupiter-exchange-solana
Jupiter (JUP) $ 0.443332 1.62%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,686.37 1.81%
nexo
NEXO (NEXO) $ 1.22 2.02%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,920.41 1.77%
spx6900
SPX6900 (SPX) $ 1.30 5.79%
fartcoin
Fartcoin (FARTCOIN) $ 1.17 0.29%
flare-networks
Flare (FLR) $ 0.01668 0.29%
celestia
Celestia (TIA) $ 1.60 7.83%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.00%
injective-protocol
Injective (INJ) $ 10.59 0.34%
xdce-crowd-sale
XDC Network (XDC) $ 0.063117 0.94%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.54 0.03%
sonic-3
Sonic (S) $ 0.313325 1.85%
blockstack
Stacks (STX) $ 0.656735 2.48%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.04%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.015601 4.27%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,758.17 2.55%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,692.49 1.83%
optimism
Optimism (OP) $ 0.545668 2.81%
syrupusdc
SyrupUSDC (SYRUPUSDC) $ 1.11 0.01%
pax-gold
PAX Gold (PAXG) $ 3,333.90 0.33%
Scroll to Top