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12 Information Technology Stocks Moving In Monday's After-Market Session
Gainers Backblaze (NASDAQ:BLZE) stock increased by 18.7% to $18.5 during Monday's after-market session. The company's market cap stands at $823.4 million. The company's, Q2 earnings came out today.
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Shares of data center infrastructure-related companies are higher amid catalysts including Broadcom's plans to finance up to $60 billion of chips for Anthropic and reports suggesting Samsung may raise HBM prices threefold in 2027, both of which support strong demand the AI buildout. Also, a pullback in Fed rate hike bets provides a tailwind for highly leveraged, interest rate-exposed stocks.
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Shares of data center infrastructure-related companies are trading higher as stabilizing bond yields, oil price retracement and Fed rate hike clarity after today's CPI data help assuage concerns over customer borrowing needed to fund substantial capex plans.