Core Viewpoint - Hut8 has seen a significant increase in stock price, rising over 5% on Tuesday and accumulating a 37% increase over three trading days, currently priced at $52.90. This surge is attributed to an upgrade in target price by StoneX's Benchmark to $85, the highest on Wall Street [1] Group 1 - The upgrade in target price is based on Hut8's recent agreement to lease its River Bend data center's 245 MW capacity to Fluidstack for a 15-year term [1] - Analyst Mark Palmer highlighted that this transaction features superior economic terms compared to similar deals, providing long-term, investment-grade guaranteed cash flow [1] - The deal includes embedded expansion options across three counterparties: Anthropic, Fluidstack, and Google (GOOGL.US), positioning Hut8 as one of the most advantageous providers of AI/high-performance computing infrastructure in the public market [1]

Group 1 - The China-Europe semiconductor industry meeting held on May 27 emphasized deepening economic and trade cooperation in the semiconductor sector and maintaining global supply chain stability [1] - Japan proposed to purchase U.S. semiconductor products worth several billion dollars as part of U.S.-Japan tariff negotiations, according to a report by Asahi Shimbun on May 28 [1] - In Q1 2025, the semiconductor industry showed typical seasonality with electronic product sales declining by 16% quarter-on-quarter but remaining flat year-on-year; IC sales decreased by 2% quarter-on-quarter but increased by 23% year-on-year, indicating ongoing investment in AI and high-performance computing infrastructure [1] Group 2 - Semiconductor capital expenditures (CapEx) decreased by 7% quarter-on-quarter but increased by 27% year-on-year, with manufacturers increasing investments in advanced logic, HBM, and advanced packaging [1] - Memory-related CapEx surged by 57% year-on-year, while non-memory CapEx grew by 15%; wafer fab equipment (WFE) spending increased by 19% year-on-year, and test equipment orders rose by 56% [1] - HBM4 technology costs are expected to exceed a 30% premium due to increased I/O counts and the adoption of logic chip architectures [1]