New Era Helium Stock (NEHC) Rockets 125% on AI Data Center Plans
New Era Helium (NEHC) stock rocketed higher on Thursday after the helium, natural gas, and natural gas liquids exploration, development, and production company announced an artificial intelligence (AI) update.
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
New Era Helium reported that Texas Critical Data Centers, its joint venture with Sharon AI, is in discussions with large enterprise customers to support its AI infrastructure buildout in Ector County, Texas. This has Texas Critical Data Centers seeking more land in the area to scale its data center campus.
NEHC stock was up 124.74% in pre-market trading today, following a 5.01% drop yesterday.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Advanced Micro Devices Stock (AMD) Poised for Breakout as AI Demand Accelerates
Advanced Micro Devices (AMD) has faced its share of volatility, with the stock down 23% over the past year. However, recent momentum suggests a potential turnaround is underway. Multiple growth catalysts are driving revenue higher, and it appears the market has yet to fully recognize this acceleration. Given these tailwinds, I'm bullish on AMD and believe the stock is well-positioned for a breakout toward its all-time highs around $200 per share. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter AMD's Data Center segment is emerging as the company's growth engine—and for good reason. In Q1, the segment generated $3.7 billion in revenue, marking a 57% year-over-year increase, fueled by surging demand for its EPYC CPUs and Instinct GPUs. CEO Lisa Su pointed to deepening partnerships with major players like Microsoft (MSFT), Meta (META), and Oracle (ORCL), as hyperscalers increasingly rely on AMD's chips to power AI workloads. This momentum isn't just a one-off. Data center revenue nearly doubled in 2024 to $12.6 billion, and Q1's results continue that trajectory. AMD is further reinforcing its position through strategic acquisitions, such as Untether AI and Brium, thereby expanding its capabilities in both AI hardware and software. The upcoming Instinct MI350 series is already generating buzz for its potential to rival Nvidia in AI infrastructure. Despite the cyclical nature of the semiconductor industry, AMD's consistent data center growth, driven by rising AI demand and a strengthened ecosystem, suggests the company is well-positioned for a robust and sustained run. AMD's Client segment shouldn't be overlooked—it's staging an impressive comeback. In Q1, client revenue surged to $2.3 billion, up 68% year-over-year, driven by strong adoption of the new 'Zen 5' Ryzen processors across both laptops and desktops. AMD's Ryzen AI Max chips are at the forefront of this growth, powering over 50 AI-enabled laptop models expected to hit the market this year. But beyond the spike in sales, this signals AMD's growing presence in the PC space, particularly in AI-driven devices like Microsoft's Copilot+ PCs—a trend that could create lasting tailwinds. What's particularly compelling is the shift in market perception. Once seen as the underdog, AMD is now steadily gaining ground on Intel by delivering processors that excel in both performance and power efficiency. The Client segment's 68% jump in Q1 reflects this evolution—AMD is no longer catching up; it's setting the pace. As AI becomes increasingly integrated into everyday computing, Ryzen chips are well-positioned to keep driving growth in this segment. AMD's strategic initiatives have played a key role in fueling its recent momentum. Notably, the acquisition of ZT Systems' data center infrastructure business underscores the company's long-term ambition to lead in AI hardware. CEO Lisa Su has projected that the AI accelerator market could reach $500 billion by 2028, and AMD is positioning itself to capture a significant share. The MI235X chip, purpose-built for AI inference, targets a segment Su believes will eventually outpace AI training in market size. Collaborations are also strengthening AMD's ecosystem. From IBM (IBM) deploying Instinct MI300X accelerators to Fujitsu (FJTSF) working with AMD on sustainable AI infrastructure, these alliances are embedding AMD's technology into the fabric of global AI development. With double-digit revenue growth forecasted for the years ahead, AMD's strategic investments are increasingly looking like long-term value drivers. At first glance, AMD's current valuation—trading at 31x this year's consensus EPS of roughly $4—may seem steep. However, a closer look reveals a compelling growth story. Analysts project a 44% jump in EPS by 2026, reaching an estimated $5.71. That would bring the forward P/E down to a much more attractive 22x, a reasonable price for a company set to benefit from a robust, multi-year AI tailwind. Adding to the bullish case, AMD's gross margin climbed to 54% in Q1 and continues to improve as its high-margin data center segment scales. This margin expansion sets the stage for stronger profitability ahead, reinforcing the stock's long-term value. Wall Street maintains a fairly bullish view of AMD stock. AMD features a Moderate Buy consensus rating based on 22 Buy and 10 Hold ratings issued over the past three months. Notably, not a single analyst is bearish on AMD stock. AMD's average price target of $127.93 implies a modest 5% upside potential over the next 12 months, which, in my view, suggests that Wall Street is still underestimating the stock. AMD appears to be at a pivotal inflection point. Its Data Center and Client segments are gaining momentum, recent acquisitions are reinforcing its position in the AI space, and the current valuation suggests the market has yet to fully price in its growth potential. While challenges like export restrictions to China and weakness in the gaming segment remain, they're far outweighed by AMD's aggressive expansion into AI. Given the accelerating demand for advanced computing power, I believe AMD is well-positioned not just for a recovery but for a breakout to new highs. The conditions for a sustained rally are falling into place—and that breakout may be closer than many expect. Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
20 minutes ago
- Business Insider
Hewlett Packard Enterprise call volume above normal and directionally bullish
Bullish option flow detected in Hewlett Packard Enterprise with 14,442 calls trading, 1.0x expected, and implied vol increasing over 1 point to 35.14%. Jan-26 25 calls and Jan-26 20 calls are the most active options, with total volume in those strikes near 10,000 contracts. The Put/Call Ratio is 0.51. Earnings are expected on September 3rd. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
20 minutes ago
- Business Insider
Citi Sticks to Its Buy Rating for Meta Platforms (META)
In a report released today, Ronald Josey from Citi reiterated a Buy rating on Meta Platforms (META – Research Report), with a price target of $690.00. The company's shares opened today at $687.95. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Josey is a top 100 analyst with an average return of 25.5% and a 62.53% success rate. Josey covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Pinterest. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Meta Platforms with a $699.81 average price target, which is a 1.72% upside from current levels. In a report released on June 11, Bank of America Securities also reiterated a Buy rating on the stock with a $765.00 price target. META market cap is currently $1745.2B and has a P/E ratio of 27.08. Based on the recent corporate insider activity of 297 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of META in relation to earlier this year. Last month, Andrew Bosworth, the CTO of META bought 10,199.00 shares for a total of $6,566,932.12.
