10 New Stocks on the Rise

7. WhiteFiber Inc. (NASDAQ:WYFI)

Number of Hedge Fund Holders: 18

1-Month Performance: 40.68%

WhiteFiber Inc. (NASDAQ:WYFI) is one of the new stocks on the rise. Earlier on December 24, B. Riley lowered its price target on WhiteFiber to $40 from $44. This sentiment was posted based on model changes while maintaining a Buy rating. B. Riley noted that the company’s December 18 announcement of a 10-year co-location agreement with UK-based Nscale at its NC-1 campus.

This initial agreement for 40 MW of critical IT load is expected to generate $865 million in total revenue, or approximately $2 million per MW, which aligns with previous guidance; however, the firm lowered its Q2 2026 EBITDA estimate to $17.9 million from $19.5 million and its FY26 estimate to $92.7 million from $99.5 million due to more conservative assumptions regarding cloud services.

Nscale will use this capacity for global tech customers, with billing for the first 20 MW targeted for April 30 this year, and the remaining 20 MW for May 30  this year, under terms that include 3% annual rate escalators and milestone-based payments. WhiteFiber has invested $150 million in equity at the site and anticipates formalizing a credit facility in early Q1 2026. It is in advanced discussions with institutional lenders and believes the campus could eventually support up to 200 MW of total electrical supply.

WhiteFiber Inc. (NASDAQ:WYFI) designs, develops, and operates data centers and provides AI infrastructure solutions. The company offers hosting, colocation, and cloud-based HPC GPU services.