🟢 Hut 8 is trading 4.3% up today after Morgan Stanley upgrade and AI data center momentum

Hut 8 is trading 4.3% up in pre-market at $112.88, extending this week’s sharp rebound following bullish Wall Street coverage and expansion into AI infrastructure.

• Morgan Stanley initiated coverage with an Overweight rating and a Street-high $263 price target, while Benchmark recently hiked its target following the company's multi-billion, 15-year Beacon Point AI data center lease in Texas.
• The move is supported by broader tech sector strength and ongoing investor enthusiasm for the company's AI infrastructure strategy.