WhiteFiber Secures $865 Million Cloud Services Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Significant Contract Value: WhiteFiber's 10-year agreement with cloud services provider Nscale Global Holdings is valued at approximately $865 million, securing a long-term revenue stream in the AI data center sector and further solidifying its market position.
- Power Demand Assurance: The contract mandates WhiteFiber to provide 40 megawatts of critical IT load for its client's AI data center in North Carolina, which not only meets client demands but also enhances WhiteFiber's competitiveness in a high-demand market.
- Analyst Outlook Positive: Kevin Dede from H.C. Wainwright reiterated his buy rating on WhiteFiber and maintained a price target of $34 per share, nearly double the current stock price, reflecting strong market confidence in the company's future growth.
- Enhanced Client Relationships: This partnership establishes a direct relationship for WhiteFiber with a cloud company servicing heavyweight clients like OpenAI and Microsoft, boosting the company's reputation and market recognition, laying a foundation for future business expansion.
WYFI
$18.31+Infinity%1D
Analyst Views on WYFI
Wall Street analysts forecast WYFI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WYFI is 36.50 USD with a low forecast of 25.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
8 Buy
0 Hold
0 Sell
Strong Buy
Current: 16.740
Low
25.00
Averages
36.50
High
45.00
Current: 16.740
Low
25.00
Averages
36.50
High
45.00
About WYFI
WhiteFiber, Inc. is a provider of artificial intelligence (AI) infrastructure solutions. The Company owns high-performance computing (HPC) data centers and provides cloud-based HPC graphics processing units (GPU) services for customers, such as AI application and machine learning (ML) developers. Its tier-three data centers provide hosting and colocation services. Its cloud services support generative AI workstreams, especially training and inference. Its segments include cloud services and colocation services. The cloud services segment provides HPC services to support generative AI workstreams. The colocation services segment provides customers with physical space, power and cooling within the data center facility. In addition to providing data center hosting capacity to its customers, its business model integrates WhiteFiber data center infrastructure and WhiteFiber cloud services to provide scalable HPC solutions for enterprises, and research institutions, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
