According to a report by broker Canaccord Genuity, infrastructure providers like Northern Data are well positioned to benefit from the increasing demand from AI and HPC firms. Canaccord initiated coverage of Northern Data shares with a buy rating and a price target of €60 ($62). The broker stated that companies like Northern Data are playing a crucial role in building the infrastructure for the AI industry. Northern Data, which is partly owned by Tether, is considering selling its Peak Mining business to raise capital for investing in GPUs and data-center facilities. Despite a 74% rally in the last three months, Canaccord believes the shares still offer potential upside.



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