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RIOT Stock Reiterated to Outperform With 1.7 GW Data Center Pipeline and AI Focus

Riot Platforms Inc. (NASDAQ:RIOT) ranks among the 30 stocks expected to beat the market by 20 percentage points this year. With a $15 price target, Northland analysts reiterated their Outperform rating for Riot Platforms Inc. (NASDAQ:RIOT) on June 3. This choice follows the company’s strategic appointment of Gibbs as Chief Data Center Officer.

Riot Platforms’ first-quarter 2025 call emphasized the company’s focus on building and leasing an AI/HPC data center. The company hopes to take advantage of the rising demand for hyperscaler services, which has been bolstered by robust revenue growth of 60% over the past 12 months. By hiring Gibbs, who has more than 15 years of experience in designing and constructing data centers, Riot hopes to attract top-tier tenants with advantageous lease terms.

With a pipeline of more than 1.7 GW of power close to major markets, the company is well-positioned to grow. Riot Platforms Inc. (NASDAQ:RIOT) was also expected to complete the purchase of a further 355 acres near Corsicana in May. This would enable flexible HPC architecture and may make use of all ~1 GW of available power.

Riot Platforms Inc. (NASDAQ:RIOT) is a digital infrastructure and Bitcoin mining company. In addition to electrical switchgear engineering and manufacturing facilities in Denver, it runs Bitcoin mining operations in Kentucky and central Texas.

While we acknowledge the potential of RIOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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