UBS has initiated Buy ratings on five AI data center colocation stocks—Hut 8 Mining, TeraWulf, Applied Digital, Core Scientific, and Cipher Digital—highlighting their strong positions due to cryptomining legacies and grid power access. UBS estimates these companies have secured about 5GW of leased capacity worth $125 billion in contracted revenue, with 12GW more expansion potential. The bank forecasts an average annual EBITDA growth of 80% from 2027 to 2029, driven by rising AI infrastructure demand, and sees significant upside potential despite recent stock price declines. Hut 8 is UBS's top pick, with a $143 price target implying 45% upside, supported by its strong pipeline and tenant quality.
Hut 8 Corp trades at USD 102.74 with a 3.63% drop on Pluang as of Sep 24, 2026 03:02 WIB. TeraWulf shares fell 5.25% to USD 16.42, while Core Scientific is down 3.73% at USD 18.09. Despite UBS's bullish stance, Pluang data shows mixed investor sentiment across these AI data center stocks today.
