Morgan Stanley pushes back against the view that AI capital expenditure has peaked, forecasting that AI semiconductor capex will continue to outpace expectations through 2028, with 2.5D packaging capacity set to increase by another 50%.

In a research report, Morgan Stanley stated that the growth rate of capital expenditure for cloud service providers may decline to 12%, but demand for CoWoS/CoPoS/EMIB-T capacity expansion, ASICs, and HBM remains robust, with MediaTek, Taiwan Semiconductor, and Intel expected to be in the spotlight.

Zhitong FinanceSep 11 17:30

3 Best Crypto Stocks Analysts See Surging Up to 160%

TipRanksSep 10 22:56

Express News | Mining companies collectively lag behind: Bitcoin rises 22% in this rally, while the median gain among ten mining stocks is only 1.8%.

Since August 17, Bitcoin’s price has risen by approximately 22%, with shares of crypto trading platforms and stablecoin-related companies strengthening in tandem. However, Bitcoin mining firms have clearly underperformed. Among the 11 Bitcoin mining companies and related entities analyzed, only Canaan outperformed BTC; the other ten companies trailed Bitcoin, with a median gain of just 1.8% during the period. Core Scientific and TeraWulf posted the weakest performance, lagging behind Bitcoin by 27% and 24%, respectively. Analysts note that some mining firms have shifted toward high-performance computing (HPC) and AI data center operations in recent years. While this transition helped support stock prices during the crypto bear market, it also diverted focus from Bitcoin mining and introduced additional operational risks. Nevertheless, the dual strategy of AI data centers and Bitcoin mining could become a long-term advantage for mining firms: mining operations benefit during bull markets, while AI data centers can strengthen corporate balance sheets during downturns in the crypto market.

BreakingsSep 10 02:38

The “American Mining Dream” for Bitcoin miners shatters! Mining firms pivot to building AI data centers, with scarce electricity becoming a key factor in valuation reassessment.

Donald Trump’s plan to concentrate Bitcoin mining activities in the United States is unraveling amid the boom in artificial intelligence and the sharp decline in cryptocurrencies. Compared with last October, the computing power consumed by Bitcoin mining has decreased by 18%.

Zhitong FinanceSep 9 21:53

Bullish signals flash! Bitcoin sees another "golden cross": $3.8 billion flows into ETFs as historical patterns point to $100,000 by year-end?

Bitcoin prices approach $80,000, marking the first "golden cross" in over six months.

Zhitong FinanceSep 9 10:20

Is AI computing power perpetually insufficient? IREN CEO: Supply curve struggles to keep up with demand

① The CEO of IREN stated that global computing power supply may never keep pace with AI demand, noting that the current boom in AI data center construction differs fundamentally from past investment cycles; ② IREN has transformed from a cryptocurrency mining company into a new cloud computing firm backed by NVIDIA, raising approximately $19 billion over the past 12 months for AI infrastructure development.

cls.cnSep 9 05:20