About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Core Points - A class action has been filed against CoreWeave, Inc. (NASDAQ: CRWV) on behalf of investors who acquired its securities between March 28, 2025, and December 15, 2025 [1] - CoreWeave is characterized as an AI cloud computing company and a "Hyperscaler," which indicates its capability to deliver large-scale computing infrastructure and services [1] Allegations - The complaint alleges that CoreWeave misled investors by overstating its ability to meet customer demand [2] - It is claimed that the company materially understated the risks associated with its reliance on a single third-party data center supplier, which could negatively impact its revenue [2] Stock Performance - Following disclosures that revealed the truth about the company's operations, CoreWeave's stock price fell from a high of $183.58 on June 20, 2025, to $69.50 per share by December 16, 2025 [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their papers by March 13, 2026, but participation is not required to be eligible for recovery [4] Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses for representation [5]

Company Overview - Nscale is a vertically integrated AI stack provider, offering end-to-end solutions from infrastructure to cloud [1] - The company customizes data centers for customers, optimizing for specific workloads, similar to a hyperscaler approach for private clouds [2][3] - Nscale is building the largest supercomputer cluster with Microsoft in Europe, comprising approximately 23,000 nodes [4] Technology and Services - Nscale supports diverse AI workloads including model training, fine-tuning, and inference, accommodating various parameters [5] - The company embraces Kubernetes and SLURM for orchestration, providing managed services and bare metal as a service [9][10] - Nscale offers an open AI API compatible interface, enabling scaling and deployment of open source or proprietary models, along with fine-tuning services [12] - The platform supports both Nvidia and AMD GPUs, catering to different customer requirements [13] Future Directions - Nscale aims to provide a global fleet management solution, integrating on-premise and public/private cloud solutions for a consistent customer experience [14] - The company plans to further diversify its AI services, focusing on open source systems and enterprise features like fine-grained access controls [15] - Nscale supports the open-source community through Hugging Face, acting as an inference provider [16]

Core Insights - Nebius (NBIS) is identified as a strong investment opportunity due to its robust balance sheet and a clear strategy for rapid scaling [1] Company Analysis - Nebius has a strong financial position, which is crucial for its growth potential in the hyperscaler market [1] - The company is positioned to leverage its financial strength to offset challenges and capitalize on growth opportunities [1] Industry Context - The tech sector, particularly SaaS and cloud businesses, is highlighted as a space with significant growth potential and active market developments [1]

There's a big difference between being a data center provider and being in a hyperscaler, right. And people use the word data center. This might be useful just for people to understand this in this group audience.Everybody here probably has an office where you rent the office space. It's you call it your office, but a landlord actually owns the office and you rent it from them, but you call it your office, right. The the data the hyperscalers work in the same way.They're digital. There are um real estate co ...

Core Insights - Credo Technology Group Holding Ltd. (CRDO) reported strong second-quarter fiscal 2026 results, driven by the rapid growth of its Active Electrical Cable (AEC) business and increasing traction with major hyperscale customers [1][2] Financial Performance - In the fiscal second quarter, CRDO achieved revenues of $268 million, reflecting a 20% sequential increase and a remarkable 272% year-over-year growth [2][11] - The company anticipates a 27% sequential revenue increase for the fiscal third quarter and projects fiscal 2026 revenues to grow over 170% year over year [6][11] Customer Base and Market Dynamics - Four hyperscalers contributed more than 10% each to total revenues, with a fifth hyperscaler beginning to generate initial revenues, indicating strong adoption of CRDO's AEC solutions [3][11] - The emergence of a fifth hyperscaler and strengthened customer forecasts mark a significant inflection point for the company [3][6] Product and Technology Advancements - AECs have become the standard for inter-rack connectivity, replacing optical connections up to 7 meters, offering up to 1,000 times more reliability and 50% lower power consumption compared to optical solutions [4] - CRDO's architecture is designed to meet the critical demands of AI clusters, focusing on reliability, signal integrity, latency, power efficiency, and total cost of ownership [5] Competitive Landscape - Broadcom and Marvell Technology are also making significant strides in the AI space, with Broadcom securing over $10 billion in orders for AI racks and Marvell reporting a 37% year-over-year revenue increase [8][10] - Marvell's acquisition of Celestial AI, which specializes in Photonic Fabric technology, is expected to enhance its capabilities in optical interconnects [10][12] Valuation and Market Performance - CRDO is currently trading at a forward 12-month Price/Sales ratio of 28.87, significantly higher than the Electronic-Semiconductors sector's multiple of 7.9 [13] - The company's shares have increased by 40.6% in the past month, outperforming the Electronics-Semiconductors industry's growth of 25.4% [14]

Market Overview - Major stock indices experienced a significant rally on Monday, with the Dow Jones Industrial Average closing at 46,448, up 0.43%, the S&P 500 at 6,705, up 1.55%, and the NASDAQ at 22,872, up 2.69%, marking its best day since May [2] - The market rally was attributed to an oversold condition, a bounce-back from Friday's performance, and positive commentary regarding AI, data centers, and hyperscalers, which helped alleviate concerns over high AI spending and increasing debt [2] Treasury Bonds - Treasury yields decreased as buying interest increased, supported by comments from Fed Governor Christopher Waller advocating for a potential rate cut due to persistent low inflation and a struggling job market [3] - The 30-year long bond yield closed at 4.68%, while the benchmark 10-year note was at 4.03% [3] Oil and Gas - Energy markets saw a rebound on Monday, driven by optimism regarding potential Federal Reserve interest rate cuts that could stimulate economic growth and fuel demand [4] - Brent Crude oil finished at $63.44, up 1.41%, and West Texas Intermediate at $58.96, up 1.55%, while natural gas prices fell by 1.31% to $4.52 [4] Seasonal Trends - Analysts suggest the market may be positioning for a seasonal "Santa Claus rally," as concerns about a Thanksgiving sell-off have lessened [5]

Core Viewpoint - Investors are advised to consider shorting bonds of hyperscalers while refraining from major shorts in the broader AI trade according to BofA Securities [2] Group 1: Hyperscalers - Cash flow from hyperscalers is no longer sufficient for major players like Amazon (AMZN) and Alphabet (GOOG) [2]

Financial Highlights - Total Fiber Year-over-Year Revenue Growth of 13%[6] - Kinetic Consumer Fiber Gross Adds of 36K Were Highest Ever[6] - Kinetic Consumer Fiber Net Adds of 24K Were Highest in 2 Years[6] - Fiber Infrastructure New Bookings MRR of $1.6 Million Were Highest in Over 2 Years[6] - Strong Fiber Infrastructure Adjusted EBITDA YoY Growth of ~11%[47] Kinetic Fiber Performance - Kinetic Consumer Fiber Revenue grew ~26% YoY in 3Q25[38] - Consumer Fiber ARPU of $75.81 up 10% YoY in 3Q25[38] - Fiber penetration of 28.6% in 3Q25, ~50 Bps Improvement Sequentially[38] Future Growth and Targets - The company aims to shift fiber mix to ~75% of total revenue by 2029[51] - Hyperscalers are a Growing Contributor to Uniti's Sales Funnel with a ~5x Increase from 3Q24 Levels[25] - Total Standalone Uniti Sales Funnel MRR is up ~45% YoY in 3Q25[25]

Core Insights - Visa and Mastercard reported strong financial results, reflecting global spending trends and the transformation of the payments industry into a cloud-like infrastructure [1][2][4] Visa Summary - Visa's fiscal fourth-quarter revenue increased by 12% year-over-year to nearly $11 billion, with adjusted EPS rising by 10% [2] - Payment volumes grew by 9%, and cross-border transactions increased by 11%, driven by high-income travelers and healthy e-commerce activity [2] - Visa generated approximately $6 billion in free cash flow, raised its dividend by 14%, and repurchased nearly $5 billion of stock, maintaining a low-teens earnings growth outlook [3] Mastercard Summary - Mastercard's net revenue rose by 17% year-over-year to $9 billion (15% currency-neutral), with adjusted EPS increasing by 13% [4] - Gross dollar volume grew by 9%, and cross-border spending increased by 15%, while the value-added services and solutions business expanded by 25% [4] - Operating margins reached nearly 60%, indicating strong profitability in the payments sector [4] Strategic Positioning - Both companies are rebranding themselves as "hyperscalers" in the payments ecosystem, with Visa's CEO describing the company as a financial infrastructure provider [6] - Mastercard is positioning itself as a "multi-rail network for digital value exchange," emphasizing its technological capabilities [6] - This strategic pivot aims to defend their stock valuations and relevance amid slowing traditional card growth and the rise of new payment networks and digital currencies [7] Industry Context - The payments industry is evolving, with Visa and Mastercard adapting to the changing landscape by presenting themselves as cloud-scale platforms for money movement [7] - The characterization of these companies as hyperscalers suggests a shift from traditional roles as middlemen to becoming essential infrastructure layers in the financial services sector [7][8]