AI-stock TL20 up 61% YTD as CoreWeave hits $104B backlog and Samsara jumps 14%
TiernanRayTech · x · 2026-09-04
The Technology Letter's TL20 basket of AI buildout stocks rebounded sharply, up 61% year-to-date versus 14% for the Nasdaq, helped by strong reports from Nvidia, Broadcom, Dell, HPE and others. Key numbers: neocloud CoreWeave has a $104B backlog and Nebius $40B, with Nutanix's CEO eager to win more neocloud customers; Samsara jumped 14% pre-market to $44 after earnings, with price targets rising to $55.
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