The first stock pick recommended by Wall Street analysts is project management software provider Monday.com (MNDY). The company reported impressive second-quarter results and raised its full-year outlook, driven by strong demand from large customers. In fact, the number of paid customers with more than $100,000 in annual recurring revenue (ARR) increased by 49% to 1,009.
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The power demand from data centers is projected to triple by 2030, driven by the rapid scaling up of artificial intelligence technologies. According to a recent report by Mizuho Securities, this surge in demand will reach up to 400 terawatt hours annually, equivalent to 50 gigawatts. By the end of the decade, data centers are