Bernstein

As the race to dominate the robotaxi sector intensifies, Uber Technologies Inc (NYSE:UBER) is leveraging its extensive ridesharing network to compete against Tesla Inc. (NASDAQ:TSLA) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) subsidiary, Waymo. What Happened: Uber has shifted its focus from...

Bitcoin (CRYPTO: BTC) could reach $80,000 to $90,000 if Republican nominee Donald Trump wins the U.S. presidential election in November, according to Bernstein analysts. What Happened: Amid a widening divergence in Trump’s favor on the prediction market Polymarket, Bernstein analysts, Gautam...

Bernstein analysts have set a $290 price target for MicroStrategy‘s (NASDAQ:MSTR) stock, representing a potential 64% surge, based on the company’s aggressive Bitcoin acquisition strategy, according to a new report. What Happened: MicroStrategy, led by Executive Chairman Michael Saylor...

Bernstein has issued an “Outperform” rating for Riot Platforms (NASDAQ:RIOT) with a price target of $22, indicating a 196% upside from its current price of $7.42. What Happened: The investment bank bases its optimistic forecast on Riot’s strategic focus on Bitcoin (CRYPTO: BTC)...

Bitcoin mining giant CleanSpark (NASDAQ:CLSK) is betting big on the next crypto bull run, as CEO Zach Bradford told Bernstein analysts that the company plans to aggressively expand mining capacity ahead of and expected Bitcoin (CRYPTO: BTC) price surge. What Happened: "I believe we could see...

Bitcoin’s (CRYPTO: BTC) breakout to $64,000 has been fueled by several reasons, according to a new Bernstein analyst note. What Happened: The analysts cite rate cuts, bipartisan crypto support, Bitcoin ETF momentum, miner stability post-halving, and reduced selling pressure as catalysts for...

Core Scientific (NASDAQ:CORZ) CEO Adam Sullivan has shared plans to significantly expand the company’s AI data center services, potentially boosting its valuation to $25-$30 billion. What Happened: In a discussion with analysts from Bernstein, Sullivan emphasized the exponential growth...

Bernstein analysts in a recent note highlighted the hybrid strategy of Bitcoin miners focusing on AI data centers. What Happened: The analysts spotlighted the emerging “mullet strategy” – AI in the front, Bitcoin in the back. It combines cryptocurrency mining with AI data...

Bitcoin (CRYPTO: BTC) miners are adapting to a new landscape as they seek to optimize operations and diversify revenue streams, according to a recent report from Bernstein analysts. What Happened: The second-quarter “report card” written by lead analyst Gautam Chhugani and team...

The cryptocurrency market remains in flux as the U.S. presidential election draws nearer. The question on many analysts’ minds is whether the market is now primarily driven by election odds or if the influence of political outcomes — particularly a Donald Trump victory — has been overstated...

Jim Bianco of Bianco Research has pointed to the Bank of Japan’s unexpected interest rate hike as the primary catalyst for a significant global market downturn in the beginning of the week. What Happened: According to Bianco, the central bank’s decision to raise rates to 0.25% on July...

A new report estimates a $20 billion revenue opportunity in Bitcoin (CRYPTO: BTC) mining chips and hardware over the next five years. What HappenedL The introduction of new U.S.-based players, such as Block and Auradine, is poised to diversify the supply chain and enhance competition, potentially...

Analysts at Bernstein suggest that Vice President Kamala Harris‘ recent outreach to the crypto industry may be insufficient to sway voters in the upcoming U.S. presidential election. What Happened: The report indicates that Harris’ campaign is seeking a “reset” with crypto...

The Bitcoin (CRYPTO: BTC) mining industry is being reevaluated as a potential powerhouse in the energy sector, according to a new Bernstein report. What Happened: Bernstein analyst Gautam Chhugani and his team propose a novel perspective: “We believe bitcoin miners by focusing on an active...

In the run-up to the upcoming 2024 elections, analysts from research and brokerage firm Bernstein have suggested that Bitcoin (CRYPTO: BTC) traders may not have fully considered the possible victory of former President Donald Trump, an event that could significantly shake up the cryptocurrency...