Hut 8 Corp (NASDAQ:HUT) shares are surging Thursday as AI infrastructure names catch a broad bid following Alphabet Inc's (NASDAQ:GOOG) quarterly earnings call, with a fresh Morgan Stanley initiation adding a stock-specific catalyst on top of the sector tailwind.

Benchmark’s new price target implies roughly 75% upside, with Hut 8 shares already up nearly 120% year to date.

Hut 8 Corp (NASDAQ:HUT) shares are surging Thursday as AI infrastructure names catch a broad bid following Alphabet Inc's (NASDAQ:GOOG) quarterly earnings call, with a fresh…