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Stock Market Today, June 1: HIVE Digital Rises Ahead of Results as Analyst Backs AI Data Center Push

The Motley Fool·
Stock Market Today, June 1: HIVE Digital Rises Ahead of Results as Analyst Backs AI Data Center Push

HIVE Digital Technologies stock rose 5.31% to $4.76 on June 1st following analyst price target increases and ahead of upcoming earnings. Cantor Fitzgerald raised its price target to $4.60 from $3.00, citing the company's renewable-powered Bitcoin mining operations and expansion plans into AI and high-performance computing data centers. The upcoming earnings call will provide details on mining profitability, power capacity, and progress on AI/HPC initiatives.

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