Good morning,Tigers! ☀️ The market is in a super weird spot right now. Crypto is suddenly back from the dead, while $SPDR S&P 500 ETF Trust(SPY)$ remains choppy and directionless. There’s no clear macro trend, and investors are being pulled in different directions by everything from Trump’s comments on Hyperliquid to the latest healthcare breakthroughs. And the calendar isn’t helping. Midterms are approaching, Jackson Hole is next week, and $NVIDIA(NVDA)$ earnings are coming up. It feels like the market has a lot on its mind at once. That’s why, for me, this remains a theme picker’s market. When the major indexes lack a clear direction, I’d rather focus on individual themes that have their own catal

Good morning, Tiger friends! 👋 AI doesn’t just need better models. It needs an enormous amount of infrastructure to run them. ⚡️ From advanced chips and foundries to memory, optical connectivity, AI data centers and even space-based infrastructure, the AI buildout is creating a much broader investment opportunity. Here are 8 infrastructure names worth following: 🧵 1. $NEBIUS(NBIS)$ Drawdown -21% 2028 Revenue CAGR: 153% 2028 ADJ EBITDA CAGR: 318% FWD P/S: 10 2. $ASML Holding NV(ASML)$ Drawdown -12% 2028 Revenue CAGR: 23% 2028 Net Income CAGR: 34% 2028 FCF CAGR: 29% FWD P/E: 32 3. $Taiwan Semiconductor Manufacturing(TSM)$ Drawdown -6% 2028 Revenue CAGR: 26% 2028 Net

$IREN Ltd(IREN)$ has barely moved in 2026 while other AI infrastructure stocks have exploded. The market’s skepticism has centered on several issues: 💰 $6B ATM offering and dilution concerns 🏀 $50M Warriors sponsorship, seen by some as questionable capital allocation 🤝 No major new hyperscaler contract announced yet 🤖 AI revenue is still tiny ₿ Bitcoin is down ~27% YTD, weighing on the legacy business From a current income statement perspective, $IREN is still largely a Bitcoin company. AI revenue was only $34M in Q1, versus roughly $400M for $NBIS. But that could be about to change. 🔥 IREN has now started servicing its ~$2B-a-year Microsoft contract, setting the stage for a sharp acceleration in AI revenue. As Microsoft cash starts flowing in, IR

$NEBIUS(NBIS)$ just released an EXCELLENT earnings report, sending the stock up 30%! Here are 5️⃣ most important things you need to know: 1. Capacity guidance increased from 4GW ➡️ 5GW. This is a 5x increase in guidance since August 2025! The increase comes from Nebius announcing new data centers in the UK, Estonia, and Finland. "We are raising, actually, the contracted power to 5 GW now, by the end of 2026... Our future capacity pipeline effectively makes Nebius one of just a few companies in the world able to build more than 1 GW of new capacity a year, and we plan to do so in 2027." Arkady Volozh, CEO, Q2 2026 Earnings Call Essentially, he confirmed that they plan to add over 1GW in new capacity in 2027 and will continue doing so in the future.

Yesterday $Nu Holdings Ltd.(NU)$ reported earnings, and they were, as always, excellent! Most importantly, it seems the market is no longer selling off. It seems that the FOMO AI trade of selling quality and buying AI could be nearing the end. Nu’s stock is now up 13% in after-hours! The company continues to execute on all its objectives, yet the market is not rewarding it. Last quarter I said that this is because of the AI FOMO trade. Sell quality to buy AI stocks! As a result, Nu trades at just 16x FWD P/E. I find this valuation to be extremely attractive for long-term-minded investors, especially considering Nu posted such strong financial results: Total revenues $5.5B +50% Net income $1.06B +66.4% EPS $0.22+ 65.4%, Beating analyst estimate of

Goldman Sachs estimates that AI investment will exceed $1T in 2026! Here are 7 companies benefiting from this investment: 🧵 1. $Micron Technology(MU)$ Drawdown -35% 2028 Revenue CAGR: 43% 2028 Net Income CAGR: 54% 2028 FCF CAGR: 78% FWD P/E: 6 2. $NVIDIA(NVDA)$ Drawdown -5% 2028 Revenue CAGR: 40% 2028 Net Income CAGR: 32% 2028 FCF CAGR: 45% FWD P/E: 23 3. $Lumentum(LITE)$ Drawdown -12% 2028 Revenue CAGR: 61% 2028 Net Income: $5.1B 2028 FCF CAGR: 98% FWD P/E: 43 4. $Broadcom(AVGO)$ Drawdown -14% 2028 Revenue CAGR: 46% 2028 Net Income CAGR: 63% 2028 FCF CAGR: 56% FWD P/E: 26 5. $Taiwan S

In this want I want to calculate $NEBIUS(NBIS)$ price at which the stock could be trading in 2030. After this quarter, I realised that I need to update my assumptions as the company gave more details about pricing and its new asset-light AI segments. I am not gonna make you wait too long: I see 530-690% upside to Nebius stock by 2030! This is who I get there: First, Nebius' 2026 contracted power target is 5GW, which means that Nebius expects to have agreements with utilities to supply them with 5GW of electricity on 31 December 2026. Yet, to bring all this capacity online as active IT power, Nebius will need years, as they have to construct the building and install all the electrical, GPUs, cooling, networking, and other equipment. Thus, I am mode

$NEBIUS(NBIS)$ just delivered a Q2 report that goes well beyond a simple earnings beat. Revenue reached $582.3M, ahead of the $575M estimate, while adjusted EBITDA came in at $236.2M, well above the $173M consensus. But the bigger story is what the numbers say about AI cloud demand, customer contracts and the economics of building capacity. 🔥 1. 5GW of Contracted Capacity $NBIS reiterated its 2026 ARR target of $7B–$9B, while raising its contracted capacity guidance to 5GW. At the same time, average contract value is climbing rapidly: Q1: $12M Q2: $20M Q3: $40M That's a dramatic increase in the size of customer contracts. And $NBIS made an eye-opening comment: “We could sell our entire 2027 capacity on these terms today.” In other words, the compa

Wall Street remains broadly bullish on the AI trade, but the latest price targets show that analysts are not treating every AI stock equally. Across a group of major AI beneficiaries — from memory and semiconductors to AI infrastructure and space-based computing — the average analyst targets imply meaningful upside, with several names carrying expectations of 70% or more. The dispersion between low, average and high targets is equally important. It shows not only where Wall Street sees potential upside, but also where expectations — and therefore risk — are especially elevated. 🧠 Memory: Micron and SK Hynix Lead the Bull Case $Micron Technology(MU)$ stands out with one of the most aggressive analyst outlooks. Low target: $1,100 Average target: $1,60