News Formal

Wall Street is bullish on copper, thanks to AI. Analysts love these stocks, giving one 234% upside

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Stock Markets Notícia

Solaris Resources Inc,Filo Mining Corp,Energy

The metal's rally has been fueled by supply risks and rising demand for it amid the energy transition and the artificial intelligence boom.

Wall Street is getting very bullish on copper, despite the metal's recent rallies . The rallies have been fueled by supply risks and rising demand for it amid the energy transition and the artificial intelligence boom. Copper is used in data centers for power cables, electrical connectors, power strips and more, Jefferies noted in an April 10 note. It estimates that global copper demand by data centers will increase from 239 kt in 2023 to at least 450 kt per annum in 2030.

"Hopes for GenAI / data centre copper demand growth are adding to investor bullishness on copper, against a backdrop of constrained supply," it wrote. Demand for copper is also widely considered an indicator of economic health. The metal has a wide range of applications throughout construction and industry. It's also a critical component in electric vehicles, used in batteries, wiring, charging points and more.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Top Wall Street analysts like these dividend stocks for portfolio incomeTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Top Wall Street analysts prefer these three stocks for the long haulTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including CrowdStrike and BJ's Wholesale Club.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Top Wall Street analysts like these 3 stocks for their growth prospectsTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Amazon and BJ’s Wholesale Club.
Fonte: NBCDFW - 🏆 288. / 63 Consulte Mais informação »

Top Wall Street analysts like these 3 dividend stocks for passive incomeTipRanks’ analyst ranking service highlights Wall Street’s best-performing stocks, including Walmart and SLB
Fonte: NBCPhiladelphia - 🏆 569. / 51 Consulte Mais informação »