Investing
Add as a preferred source on GoogleThe bank raised its price target to $21 from $15, citing confidence in Venture Global’s AI data center strategy.
Wells Fargo raised its rating on Venture Global on confidence in the company’s AI data center strategy, but shares fell 1.7% in Tuesday trading despite the bank’s more favorable assessment.
The bank moved its rating to Overweight from Equal Weight. It also set a $21 price target, up from $15.
Wells Fargo said Venture Global could carry out at least two gigawatts of its AI data center strategy.
AP reported losses for Nvidia, Advanced Micro Devices and CoreWeave in a morning market snapshot. The October U.S. jobs report is due Friday at 8:30 a.m. ET.
Nscale's 2025 plan made the 700-megawatt stage optional; Reuters said Microsoft's existing Texas agreement would continue.
The Associated Press projected Democrat Gina Hinojosa the winner of the Texas governor’s race. CNBC reported that she supports a moratorium on AI data centers.
