$META | Mizuho reiterates 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐌𝐞𝐭𝐚, maintains 𝐏𝐓 𝐚𝐭 $𝟖𝟑𝟓, 'we take this as a positive, adding a margin of safety to medium-term EPS' Analyst sees reports of a Meta Compute business as a positive 'Plan B,' showing commitment to delivering ROI on AI investment and adding a margin of safety.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: Spacex Developed Prototype Of Handset-like Device - WSJ - $SPCX $QCOM ➤ Device Would Use A Qualcomm Snapdragon Chipset ➤ Spacex Device Designed To Integrate Ai Tech From Xai ➤ Spacex Tells Some Investors Project Is At An Early Stage

$META | Jefferies reiterates 𝐁𝐮𝐲 on 𝐌𝐞𝐭𝐚, maintains 𝐏𝐓 𝐚𝐭 $𝟖𝟐𝟓, 'We are bullish' Analyst is bullish on reports of Meta's entry into the cloud business, seeing it as a strategic move to monetize excess compute and fuel AI goals.

$META | BMO Capital reiterates 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐌𝐄𝐓𝐀, maintains 𝐏𝐓 𝐚𝐭 $𝟕𝟐𝟎 Analyst is incrementally positive on the potential cloud business, seeing a clearer ROI for high CapEx, but awaits more details before changing estimates.

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $APLD Applied Digital Delivers 75 MW AI Capacity at Polaris Forge 1 👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: ➤ 𝐀𝐩𝐩𝐥𝐢𝐞𝐝 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 achieved 𝐑𝐞𝐚𝐝𝐲 𝐟𝐨𝐫 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 status for Phase 1 of Building 2. ➤ Phase 1 delivered 𝟕𝟓 𝐌𝐖 of AI capacity to its customer 𝐨𝐧 𝐬𝐜𝐡𝐞𝐝𝐮𝐥𝐞. ➤ Total live capacity at Polaris Forge 1 has increased to 𝟏𝟕𝟓 𝐌𝐖. ➤ Polaris Forge 1 is contracted to deliver 𝟒𝟎𝟎 𝐌𝐖 under 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 lease agreements. ➤ The campus is 𝐟𝐮𝐥𝐥𝐲 𝐥𝐞𝐚𝐬𝐞𝐝, according to the company. ➤ Milestone follows the earlier on-time completion of the campus' first 𝟏𝟎𝟎 𝐌𝐖 building. 👉 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬: ➤ Expands Applied Digital's 𝐀𝐈 𝐝𝐚𝐭𝐚 𝐜𝐞𝐧𝐭𝐞𝐫 capacity amid growing AI infrastructure demand. ➤ On-time delivery reinforces the company's 𝐞𝐱𝐞𝐜𝐮𝐭𝐢𝐨𝐧 capabilities for large-scale AI projects. ➤ Fully leased capacity provides 𝐥𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 contracted revenue visibility. 👉 𝐄𝐱𝐩𝐞𝐫𝐭 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭: ➤ "Delivering this phase on time underscores the strength of our execution model. Achieving this milestone required intense coordination across the field, construction, engineering, operations, procurement, development, and corporate teams." — 𝐖𝐞𝐬 𝐂𝐮𝐦𝐦𝐢𝐧𝐬, Chairman and Chief Executive Officer of Applied Digital.

$CRWV | Evercore ISI 𝐫𝐞𝐢𝐭𝐞𝐫𝐚𝐭𝐞𝐬 𝐎𝐮𝐭𝐩𝐞𝐫𝐟𝐨𝐫𝐦 on 𝐂𝐨𝐫𝐞𝐖𝐞𝐚𝐯𝐞, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟓𝟎 Analyst sees market overreaction to unconfirmed $META report, noting CRWV's contracts are non-cancellable and GPU compute demand remains robust.

Rosenblatt: 'we think the weakness in $CRWV today provides a buying opportunity'. "Bloomberg reported today that $META Meta (META, Buy) was planning a cloud business to sell AI computing power. The story noted that the company is considering selling access to various AI models hosted on its existing AI infrastructure, as well as "raw" computing capacity, as part of its Meta Compute initiative. During their annual meeting (May 27), Meta CEO Mark Zuckerberg told shareholders leasing cloud computing business was possible if they overbuild their data center capacity, which at the time he indicated they had not. Additionally, questioning on Meta's 1Q results call was focused on the ROIC of their CAPEX, so we are not surprised by today's messaging from Bloomberg's "people familiar with the matter." Our checks show no change in hyperscale posture toward GPU compute procurement, with GPU shortages the norm right now across the industry. We also do not think that Meta has the right to resell any of the capacity that they have leased from CoreWeave through 2032 to third parties. Net-net we think the weakness in CRWV today provides a buying opportunity and are reiterating our Buy rating and $250 price target on the name."