Artificial intelligence (AI) hyperscaler Nscale reportedly aims to raise $2 billion in a funding round.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The company is talking with investors but could still decide no ...

There are other metrics that also point to the market being overvalued. The S&P 500's (SNPINDEX: ^GSPC) trailing price-to-sales (P/S) ratio recently hit an all-time level of 3.3 times, more than double its long-term median of 1.6 times. The Shiller P/E (CAPE) ratio, which measures the current value of the S&P 500 index and divides it by the index's 10-year inflation-adjusted earnings, is also at extreme levels, right around 40 times. That's only the second time this metric has climbed above 40, and the othe ...

ab 4 January 2026 Powered by YES UBS Evidence Lab US Electrical Equipment & Multi-Industry 2026 OUTLOOK - Rinse, Repeat; Expecting another strong year This report presents our 2026 UBS Multi-Industry Outlook. We have also published our detailed 4Q Preview note, released concurrently with this report. We expect 2026 to be another strong year for Industrial equities We are positive on Industrial equities in 2026, and think last year's outperformance (XLI +18% vs. S&P +16%) can repeat in the New Year. We proje ...

Core Viewpoint - Applied Digital (APLD) is transitioning from development to revenue generation, focusing on AI infrastructure and capitalizing on the growing demand in this sector [1][5] Company Summary - APLD has commenced operations at Polaris Forge 1 and is constructing new AI campuses, which are essential for its revenue generation strategy [1] - The company's projected revenue for 2026 is $281 million, reflecting a year-over-year growth of nearly 27% [3][5] - APLD's market capitalization is approximately $8.47 billion, with a trading volume of 30.07 million shares [4] Industry Summary - The broader industry environment is favorable, with hyperscalers investing $350 billion annually in AI infrastructure [3] - Despite the positive outlook, there is a limited supply of GPU-ready data centers, which may challenge APLD's execution capabilities in the hyperscale data center market [4]

Key Takeaways APLD is moving from development to revenues as Polaris Forge 1 begins operations and new AI campuses scale.Zacks Consensus Estimate pegs APLD's 2026 revenue at $280.9M, implying 26.99% year-over-year growth.APLD's ability to convert new AI campuses into revenue will be tested as multiple sites scale simultaneously.Applied Digital (APLD) stands at a pivotal juncture as its expanding AI infrastructure portfolio transitions from development to revenue generation. With Polaris Forge1 beginning ope ...

For much of the past two years the dominant question in AI has been how big the opportunity is. More recently, attention has turned to what could go wrong. Through the second half of 2025, warnings about an AI bubble grew harder to ignore, with sharp market swings, eye-watering valuations, and circular investments sparking comparisons to the dot-com bust. Yet the sums pouring into the sector keep growing. That leaves investors in an uneasy position. AI is too important and fast-moving to ignore – but if ...

Dow Jones Industrial Average climbed more than 400 points, while the S&P 500 and the Nasdaq Composite also moved higher, signaling broad-based confidence across equity markets. The Dow is near 48,858, up nearly 1% on the day. The S&P 500 rose roughly 0.5%, hovering around 6,890, while the Nasdaq gained about 0.4%, staying comfortably above 23,300. The gains came despite heightened geopolitical tension following a U.S. military operation in Venezuela that led to the capture of President Nicolás Maduro.The Ch ...

Core Insights - The article emphasizes the potential for mid-cap AI stocks to generate significant wealth as the AI industry continues to grow, highlighting the success of Nvidia as a benchmark for potential gains [2]. Group 1: Cipher Mining - Cipher Mining has transitioned to AI infrastructure, experiencing substantial growth, with its stock value tripling in 2025 [4]. - The company secured a 15-year, $5.5 billion deal with Amazon Web Services, providing 300 megawatts of capacity [6]. - Cipher Mining's energy pipeline has expanded to 3.4 gigawatts, allowing for the potential of 10 additional similar deals, generating approximately $367 million annually [7]. - The company aims to generate billions in annual recurring revenue by the end of 2026, indicating a strong demand for AI data centers across the U.S. [8]. Group 2: Ondas Holdings - Ondas Holdings, a mid-cap stock focused on AI-powered drones, saw its stock nearly quadruple in 2025, with a market cap of $3 billion [9]. - The company reported $10.1 million in revenue for Q3, marking a 60% quarter-over-quarter increase, and set a preliminary target of $110 million for 2026 [11]. - Ondas Holdings is actively acquiring companies to enhance its market position and has received $10 million in new autonomous systems orders, indicating strong commercial demand [12]. Group 3: Argan - Argan specializes in constructing AI data centers and currently has a record backlog of $3 billion, under contract for about 6 gigawatts of power-generating assets [14]. - Despite a slight dip in revenue year-over-year for fiscal Q3 2026, the backlog is expected to support accelerated revenue growth [16]. - The company has seen its stock more than double in 2025 and increase by approximately 600% over the past five years, reflecting strong market demand for AI infrastructure [17].

Rising market chart with Santa rally motif on a desk beside a 2026 calendar, signaling optimism for stock markets. Key Points Morningstar’s valuations indicate that U.S. equities are still trading slightly below their intrinsic value, despite record-high indexes. These five high-quality large-cap stocks offer catalysts from lower rates, earnings acceleration, and normalization of economic cycles. Each stock offers differentiated upside in 2026, ranging from defensive strength to premium growth. Intere ...

Analysts on Wall Street almost never agree on anything. That's why one thing that stands out in late-2025 strategist outlooks is important as we move into 2026: Not one strategist predicts a poor year for the S&P 500 in a large survey of major broker estimates compiled by Bloomberg. That doesn't mean there will be difficulties right away. But it does provide investors something they don't often get: a clear "base case" to examine. Rather than viewing the consensus as a warning sign, see it as a bluepri ...