Jul. 24 at 8:33 PM
Bernstein’s latest report highlights the emerging AI infrastructure opportunity.
The firm continues to favor vertically integrated neocloud providers, noting:
“We continue to like IREN as a vertically integrated neocloud.”
Price targets mentioned:
$RIOT —
$30 PT
$MARA —
$17 PT
$IREN —
$100 PT
AI infrastructure is expanding beyond traditional cloud providers.
The key themes investors are watching:
AI compute demand
Data center capacity
Power availability
Vertical integration
As hyperscalers continue increasing AI CapEx, the companies providing the underlying infrastructure could remain key beneficiaries.
Always do your own research and consider valuation, execution risk, and competition.
