Overview

• The stock touched $58.28 intraday Monday, lifting its year-to-date gain to more than 400%.
• The company recently ordered $674 million of Nvidia and AMD accelerators to build out capacity for an AI cloud business.
• Management is targeting more than $500 million in annualized AI-cloud revenue by early 2026, as reported.
• JPMorgan downgraded the shares to Underweight just over a week ago on valuation concerns, while some peers have targets as high as $82.
• Trading momentum remains strong, with shares far above 50-, 100- and 200-day averages and elite Growth and Momentum scores in Benzinga Edge.