Barclays upgraded Lumentum Holdings Inc (NASDAQ:LITE) to "Overweight" from "Underweight," setting a price target of $125, given significant growth potential driven by surging demand from hyperscale customers.

Barclays (LON:BARC) analyst reasserted an Overweight rating for ServiceNow (NYSE:NYSE:NOW) stock with a price target of $1,200.00. The company, currently valued at $220.86 billion, has demonstrated impressive financial performance with a gross profit margin of 79.

Lumentum ( NASDAQ:LITE) just got a major vote of confidence from Barclays, sending its stock up 5% this morning. The firm flipped its rating from Underweight to Overweight and jacked up the price target from $80 to $125,

Future Energy Demand in the US: AI could drive US data-centre use to triple by 2030, from 150-175 terawatt hours (TWh) in 2023 to 560 TWh - equivalent to 13% of current US electricity demand.

Most of the world’s more than 11,000 registered data centres are not yet involved in any kind of AI-related activity. Combined, their consumption of electricity (excluding cryptocurrencies) is about 1.0%-1.5% of the world’s total, according to a mid-2024 report from the IEA2.

Apple and Tesla generated solid returns for shareholders in the past year, but both stocks recently picked up sell ratings from certain Wall Street analysts. Apple is the market leader in smartphones as measured by revenue,