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Resend-BUZZ-Elon Musk says demand is "endless," combined with Super Micro's earnings forecast, AI stocks surge

Resend-BUZZ-Elon Musk says demand is "endless," combined with Super Micro's earnings forecast, AI stocks surge

路透社2026/10/20 22:56

Added the missing "%" symbol in key point 5

- ** After Elon Musk emphasized the endless demand for computing power during SpaceX's SPCX.O earnings call, shares of AI infrastructure providers rose in after-hours trading

** Applied Digital APLD.O rose about 4%; CoreWeave CRWV.O and IREN IREN.O both rose about 5%; Nebius Group NBIS.O gained around 6%

** "Frankly, we are constantly being chased by the major hyperscale cloud providers as well as dozens of smaller companies hoping to rent more of our compute resources. So, if we said 'yes' to everyone, our compute resources could even be rented out several times over," Musk stated

** AI server manufacturer Super Micro SMCI.O also rose 6% after issuing a strong outlook (link)

** Dell DELL.N gained about 6%, and Hewlett Packard Enterprise HPE.N rose a bit more than 5%

** HUT 8 HUT.O rose 3.8%, and Core Scientific CORZ.O gained 3.5%


(To facilitate non-English speakers, Reuters has automated the translation of its reports into several other languages. As automated translation may contain errors or not provide the required context, Reuters does not guarantee the accuracy of translated texts and provides them for the convenience of readers only. Reuters assumes no responsibility for any damage or loss caused by using the automated translation function.)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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