Refile: BUZZ-AI stocks rally on Musk's insatiable demand comment, Super Micro forecast
REFILE-BUZZ-AI stocks rally on Musk's insatiable demand comment, Super Micro forecast Adds dropped % sign in 5th bullet
** Shares of AI infrastructure providers gain in extended trading after Elon Musk highlights insatiable demand for compute during SpaceX's SPCX.O earnings call
** Applied Digital APLD.O rises ~4%; CoreWeave CRWV.O and IREN IREN.O gain ~5%; Nebius Group NBIS.O up ~6%
** "We are also, frankly, hounded relentlessly by every hyperscaler and by dozens of smaller companies to rent more of our compute. So we could rent out our compute several times over if we said yes to everyone," Musk says
** Super Micro SMCI.O also gains 6% after the AI server maker gives a strong forecast
** Dell DELL.N rises ~6% and HPE HPE.N just over 5%
** HUT 8 HUT.O up 3.8% and Core Scientific CORZ.O 3.5%
(Reporting by Jaspreet Singh in Bengaluru)
((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))
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