π ππππππππ ππππ: Rosenblatt Sees HPC Selloff as Buying Opportunity, Backs $Galaxy Digital(GLXY.US) and $Cipher Digital(CIFR.US)
π πππ² ππ’π π‘π₯π’π π‘ππ¬:β€ ππ¨π¬ππ§ππ₯πππ said the recent πππ selloff presents a buying opportunity.β€ Firm named πππ₯ππ±π² ππ’π π’πππ₯ $Galaxy Digital(GLXY.US) and ππ’π©π‘ππ« ππ’π§π’π§π $Cipher Digital(CIFR.US) as top picks.β€ Selloff followed concerns over ππππ'π¬ potential cloud offering impacting HPC demand.β€ Rosenblatt said Meta cannot back out of contracted ππ¨π«πππππ―π capacity or resell it.β€ Galaxy Digital shares have fallen about ππ% over the past two weeks.β€ Cipher Mining has declined about ππ%, widening its valuation discount.β€ Firm said Meta's move appears ππ¨π¦π©ππ§π²-π¬π©πππ’ππ’π, not a broader demand signal.β€ Rosenblatt believes underlying πππ demand remains strong despite recent volatility.π ππ‘π² ππ ππππππ«π¬:β€ Suggests recent HPC weakness may reflect π¬ππ§ππ’π¦ππ§π rather than fundamentals.β€ Stable AI infrastructure demand could support πππ-ππ±π©π¨π¬ππ stocks.β€ Highlights potential value opportunities following the sector's sharp correction.π ππ±π©ππ«π ππππππ¦ππ§π:β€ "META doesn't have the ability to back out of its committed contracts or resell capacity that has been contracted through CRWV." β ππ‘π«π’π¬ ππ«ππ§ππ₯ππ«, Rosenblatt Analyst.β€ "The development appears to be more company-specific as META attempts to justify its massive capex." β ππ‘π«π’π¬ ππ«ππ§ππ₯ππ«.β€ "We do not view this as a negative demand signal." β ππ‘π«π’π¬ ππ«ππ§ππ₯ππ«.β€ Rosenblatt believes the market reaction across the HPC sector is "π¨π―ππ«ππ¨π§π."The copyright of this article belongs to the original author/organization.
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