AI Boom Adds More Customers But Spending Remains Highly Concentrated: What It Means for Nvidia, CoreWeave

Applied Digital vs. IREN: Which Technology Stock Is a Better Buy in 2026?

The article compares two AI infrastructure companies: Applied Digital (APLD) and IREN (IREN). Applied Digital shows stronger margins (22.38% vs 9.84%) and lower P/S ratio (13.1x vs 23.0x) but faces customer concentration risk with CoreWeave. IREN has secured major contracts with Microsoft ($9.7B) and Nvidia ($3.4B) and is pivoting from crypto mining to AI cloud services, though it reported a massive net loss of $702.6M. The author recommends IREN for patient investors due to its stronger contracted revenue base and blue-chip customer relationships, despite both companies currently losing money.

Alpha Buying: Follow the Money From NVIDIA and Merck

Wall Street loves a good upgrade, especially when the stock has already doubled and the analyst can explain why everyone should have owned it six months ago. One place I look for ideas is the investment portfolios of

CoreWeave shares are trading higher after JP Morgan upgraded its rating on the stock from Neutral to Overweight and raised its price target from $120 to $125.

Google Is Taking a Major Step Forward Toward Space-Based AI Data Centers

Google is launching an experimental satellite on October 1st as part of Project Suncatcher to test space-based AI data centers. The satellite will operate on solar power and house Google's tensor processing units (TPUs) to answer simple AI queries for a year. While competitors like SpaceX and Blue Origin have similar plans, Google is taking the first concrete step among major tech companies. The company expects no operational results for several years as it tests hardware durability, radiation effects, and cooling solutions in orbit.

Vancouver AI Company Alebex Ranks 8th in International Speech-to-Text Benchmark

Alebex AI, a Vancouver-based company, has achieved 8th place in Artificial Analysis's international speech-to-text accuracy benchmark, outperforming models from Google, Microsoft, Nvidia, and Amazon. This marks the first Canadian company in this category on the leaderboard and represents a significant step toward Canadian AI sovereignty and voice infrastructure development.

Prediction: NIO Is a Better Buy Than Lucid for the Next Decade

Both NIO and Lucid, once-promising EV makers, have seen their stocks plummet from record highs. However, NIO emerges as the better turnaround play over the next decade due to its superior scale (326,028 deliveries in 2025 vs. Lucid's 15,841), diversified product portfolio across price points, proven path to profitability, and battery-swapping technology differentiation. While Lucid shows faster growth rates, it remains deeply unprofitable and heavily dependent on Saudi Arabia's PIF funding, whereas NIO has demonstrated sustainability independent of government support.