WhiteFiber Inc. (NASDAQ:WYFI) is among the new stocks on the rise, with B. Riley lowering its price target to $40 from $44 on December 24. The company announced a 10-year co-location agreement with UK-based Nscale, expecting $865 million in revenue from an initial 40 MW agreement.

Nscale will utilize the capacity for global tech clients, with billing for the first 20 MW due by April 30 and the remaining 20 MW by May 30. WhiteFiber invested $150 million in equity at the site and is in talks for a credit facility to support up to 200 MW of electrical supply.

WhiteFiber Inc. (NASDAQ:WYFI) specializes in designing, developing, and operating data centers, along with providing AI infrastructure solutions. While WYFI shows investment potential, other AI stocks may offer greater upside and lower risk. For insights on an undervalued AI stock benefiting from tariffs and onshoring, check out a free report.

Read more at Yahoo Finance: Is WhiteFiber (WYFI) One of the New Stocks on the Rise?