Why WhiteFiber Stock Zoomed More Than 9% Higher Today

Core Viewpoint - WhiteFiber's shares experienced a significant increase of over 9% following a positive analyst note and a recently announced deal, marking it as a standout performer in the tech sector [1]. Group 1: Analyst Insights - Kevin Dede from H.C. Wainwright reiterated a buy recommendation for WhiteFiber, maintaining a price target of $34 per share, which is nearly double the current stock price [2]. - Dede's bullish outlook was influenced by a colocation agreement with Nscale Global Holdings, which requires WhiteFiber to provide 40 megawatts of critical IT load at an AI data center in North Carolina, with a total contract value of approximately $865 million over 10 years [3][4]. Group 2: Market Reaction - The new contract not only secures a long-term partnership with a significant client but also enhances WhiteFiber's reputation in the AI data center market, leading to positive investor sentiment [5]. - The investor enthusiasm that began with the announcement of the contract continued into the early part of the week, reflecting strong market interest in WhiteFiber [7].