AI infrastructure is still one of the strongest themes in the market right now. $APPLIED DIGITAL CORP(APLD)$  just reported earnings with a massive revenue beat, over 152%. The AI race is clearly expanding beyond chips. The next phase looks like it's about the companies building the data centers, power, and computing capacity behind this whole buildout. $APPLIED DIGITAL CORP(APLD)$  seems to be benefiting from accelerating AI data center demand, but execution and margins will be the real test. $NEBIUS(NBIS)$  keeps drawing attention with its AI cloud infrastructure exposure as GPU demand keeps growing. $CoreWe

$NEBIUS(NBIS)$ Morgan Stanley recently pointed out that AI's "Rate of Change" is accelerating, and one detail that stood out to me was the idea that AI companies might end up paying significant premiums just to lock in power capacity. Energy availability is turning into a real bottleneck for AI infrastructure growth. A few names with notable power capacity being tracked: - IREN — 6 GW - NBIS — 2.5 GW - CIFR — 3+ GW - WULF — 3 GW - HUT — 1.5–2 GW The AI race is clearly expanding beyond just chips. The next constraints seem to be power availability, data center capacity, grid infrastructure, and how efficiently compute gets deployed. Morgan Stanley's broader point is worth noting: AI adopters are already seeing margin expansion and earnings upg

My $NEBIUS(NBIS)$  2030 framework is pretty simple. I'm looking at three outcomes. Most likely: Base Case 5-5.5GW $32–38B revenue 50–60% Adj. EBITDA margin 13–18x EBITDA = roughly $650–$1,000/share Bear Case: 4-4.5GW $18-22B revenue 32-38% margin 10–14x EBITDA = $140-$280/share Bull Case: 6GW+ $55-75B revenue 55-65% margin 15–22x EBITDA = $1,400-$2,500/share With $NEBIUS(NBIS)$  around $188-$200 now, the base case alone still leaves serious upside into 2030. That's the part I'm watching.

$NEBIUS(NBIS)$ Hormuz has been quiet, oil dropped $4/bl, and futures are moving higher. Looks like we could open at $200 soon.

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $Cipher Mining Inc.(CIFR)$ $Keel Infrastructure Corp(KEEL)$ $New Era Helium Inc(NUAI)$ If this bull market peaks around late 2027 to early 2028, I might have a new place built by then. Sounds like a good spot for a celebration.

$NEBIUS(NBIS)$ NBIS showed serious strength today while the rest of the market was deep in the red. If the NASDAQ manages to gain more than 1% next session, I think NBIS has a solid shot at reaching $250.

$NEBIUS(NBIS)$  I'm looking forward to the earnings report in early August. Last quarter the stock ran up into the print, and honestly it wouldn't surprise me if we saw something similar this time around.

$NEBIUS(NBIS)$ $TeraWulf Inc.(WULF)$ $APPLIED DIGITAL CORP(APLD)$ It's holding up really well right now. When the broader market turns again, this one should take off. Just my take on it.

$NEBIUS(NBIS)$ $APPLIED DIGITAL CORP(APLD)$ $IREN Ltd(IREN)$ The capital expenditure cycle for the major players doesn't seem to be slowing down anytime soon.

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $Hut 8 Mining Corp(HUT)$ $TeraWulf Inc.(WULF)$ $BOOST RUN INC(BRUN)$ Demand in the data center space is looking parabolic.

$NEBIUS(NBIS)$  It's funny to think that if the bears spent their time buying just one share of NBIS instead of posting the same repetitive, baseless content, they'd be incredibly wealthy by now.

$NEBIUS(NBIS)$  I think if this bull market continues through 2027, which is possible with the current political climate, NBIS could see a move similar to what happened with MU or SNDK, reaching $1,000 to $2,000.

$NEBIUS(NBIS)$ There's been another bullish analyst update, with Northland raising its price target from $248 to $410. With the share price around $183, that new target suggests significant upside if execution on the AI infrastructure strategy stays on track. The higher target shows growing confidence in Nebius's long-term growth, but the investment case still hinges on GPU deployment, customer expansion, and meeting revenue expectations. While higher targets can boost sentiment, it's the execution that will ultimately drive the valuation.

AI cloud infrastructure is starting to get more attention. $IREN Ltd(IREN)$  jumped 19.69% after it raised its annual recurring revenue target to over $4 billion, driven by new AI cloud contracts. Its customer list now includes Microsoft, Nvidia, Perplexity, and Figure. We're seeing strong capital rotation into neocloud and colocation names. HUT was up 10.45% on news of a 15-year, $9.8 billion AI data center lease. Meanwhile, $Cipher Mining Inc.(CIFR)$  gained 16.76%, $CleanSpark, Inc.(CLSK)$  rose 13.7%, and $WhiteFiber, Inc.(WYFI)$  increased 9.18%. $NEBIUS(NBI

$NEBIUS(NBIS)$ $SPDR S&P 500 ETF Trust(SPY)$ $Invesco QQQ(QQQ)$ Northland has raised their price target on NBIS to $410.

$APPLIED DIGITAL CORP(APLD)$ $CoreWeave, Inc.(CRWV)$ $NEBIUS(NBIS)$  $IREN Ltd(IREN)$ Wall Street seems to be getting bullish on compute again after the weekend. It looks like there could be some strong positive days ahead.

Another reminder just hit the neocloud/AI trade: the biggest bottleneck is still compute supply. Moonshot AI's Kimi K3 launch saw demand spike so fast that new subscriptions had to be paused within days due to GPU capacity limits. This isn't a direct update on any specific customer, but it reinforces the broader thesis. Frontier AI models can emerge anywhere, at any time, and immediately start consuming massive amounts of compute. The AI race has shifted. It's not just about better models anymore; it's about who has the GPUs, data centers, and power to scale. Inference demand keeps growing faster than infrastructure can be built. More AI agents, more coding, more automation—it all just means more GPUs are needed. That's the fundamental setup that benefits compute providers. Watching the en

$NEBIUS(NBIS)$ The previous consolidation period lasted about three months. It looks like it might need a similar amount of time this time around.

The stock flashed a very clear dip buying opportunity earlier. $NEBIUS(NBIS)$  dropped right into that heavy structural support zone around $215 - $217. It looks like sellers got exhausted, letting aggressive bulls accumulate at a lower price ahead of a potential squeeze. The long-term AI infrastructure macro thesis still seems solid.

$APPLIED DIGITAL CORP(APLD)$ $IREN Ltd(IREN)$ $CoreWeave, Inc.(CRWV)$ $NEBIUS(NBIS)$ $TeraWulf Inc.(WULF)$ There's no excess capacity that's going to be sold. The market just doesn't have enough of it. The story from last week was wrong, and a major recovery for data center stocks is on the way once the market realizes that.