On July 9, WhiteFiber rose 8.19% in regular trading, trading at $39.995/share with turnover of $69.29 million, extending the previous session's strong momentum.

On the news front, the company's previously signed five-year AI compute infrastructure agreement, valued at over $160 million, is expected to commence service delivery in July. The agreement involves deploying NVIDIA GPU systems in the Paris region for an investment-grade technology customer. The company had secured project-level financing and third-party data center capacity in France to support the deployment. Additionally, B. Riley had previously raised its price target from $36 to $38 while maintaining a Buy rating — a level the stock has now surpassed.

For context, WhiteFiber reported Q1 revenue of $21.9 million, representing 31% year-over-year growth, beating the FactSet consensus estimate of $21.3 million. The contract entering its delivery phase marks a significant inflection point for revenue visibility. Within the Internet Services & Infrastructure sector, APPLIED DIGITAL rose 4.29%, CoreWeave rose 3.27%, Akamai rose 2.19%, Snowflake rose 1.16%, and Cloudflare rose 0.67%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)