Core Viewpoint - Investing in early-stage AI infrastructure companies like SuperX AI Technology can be a strategic move for investors with a higher risk tolerance, especially given the company's significant stock price increase and growth potential in the data center market [1]. Company Overview - SuperX AI Technology has seen its shares increase by over 1,234% in 2025, indicating strong market interest and performance [1]. - The company focuses on building data center capacity in the Asia-Pacific region, which is experiencing explosive demand [1]. Modular AI Factory - SuperX's Modular AI Factory allows enterprises to rapidly build and deploy data centers, reducing construction time from 18-24 months to less than six months [2]. - Each module provides 20-megawatt compute capacity and can support up to 144 Nvidia GB200 NVL72 systems [3]. Financial Strength and Valuation - As of the end of fiscal 2025, SuperX reported $17.2 million in cash and $52.1 million in assets, demonstrating solid financial health [6]. - The company has raised $70 million from long-term investors since March 2025 and over $170 million from institutional investors in October 2025, providing financial flexibility for growth initiatives [6]. - SuperX trades at a high valuation of over 377 times sales, typical for early-stage AI infrastructure companies, indicating a high-risk investment profile [7]. Recent Developments - In October 2025, SuperX announced an investment in MicroInference to enhance its supply chain for Nvidia's servers and networking solutions [5]. - The company is collaborating with a subsidiary of Shenzhen Chengtian Weiye to develop liquid cooling solutions for AI data centers, further expanding its technological capabilities [5].

IREN (IREN) shares soared as much as 20% on Monday morning after Microsoft (MSFT) signed a $9.7 billion agreement with the Australian artificial intelligence (AI) infrastructure company. The five-year deal brings MSFT access to Nvidia’s (NVDA) advanced chips, boosting the giant’s AI compute capacity. More News from Barchart According to IREN’s press release, the infrastructure will be hosted at its Childress, Texas campus with phased deployment through 2026. IREN stock has pared back half of its intrad ...

Core Scientific and Proposed Merger with CoreWeave - Two Seas Capital LP supports ISS's recommendation for Core Scientific shareholders to vote "AGAINST" the proposed sale to CoreWeave, citing that the sale process did not maximize shareholder value [1][2][3] - The proposed merger is viewed as flawed due to a deficient structure and inadequate valuation, with ISS stating that the board's process was rushed and did not adequately explore alternatives [3][4][5] Valuation and Market Response - Since the announcement of the proposed merger, Core Scientific's share price has consistently closed at a double-digit premium to the offer, indicating that the market perceives the company's value to be higher than what CoreWeave is willing to pay [5][10] - The median premium of Core Scientific shares to the offer has been reported at 12.5% since the expiration of the CRWV IPO-related lockups [10] Shareholder Advocacy - Two Seas urges shareholders to reject the proposed transaction to unlock the potential value of Core Scientific, which is seen as one of the best assets in the AI landscape [2][3][6] - The upcoming special meeting for shareholders is scheduled for October 30, 2025, where the vote against the merger will take place [6]

Core Insights - The demand for computing power driven by artificial intelligence (AI) has led to significant sales growth for companies like Nebius Group and CoreWeave [1][2] - Nebius shares have increased over 300% this year, while CoreWeave's stock has more than tripled since going public at around $40 per share [1] CoreWeave's Performance - CoreWeave transitioned from cryptocurrency mining to providing AI-optimized infrastructure, resulting in second-quarter sales soaring to $1.2 billion from $395.4 million year-over-year [4] - Major clients such as OpenAI, Toyota Motor, and Microsoft have significantly increased their commitments to CoreWeave, with OpenAI raising its investment from $11.9 billion to $22.4 billion [5] - CoreWeave forecasts full-year sales between $5.2 billion and $5.4 billion, a substantial increase from $1.9 billion in 2024 [5] Financial Obligations and Expansion - CoreWeave's remaining performance obligations reached $30.1 billion in Q2, nearly double the $16.2 billion from the previous year [6] - The company incurred operating expenses of $1.2 billion in Q2, up from $317.7 million the previous year, due to investments in expanding data center capacity [6] - To finance its expansion, CoreWeave accumulated over $10 billion in debt, including a $1.8 billion senior notes offering and a $2.6 billion secured debt financing facility [7] Industry Demand - The global demand for AI computing capacity is driving triple-digit sales growth for both CoreWeave and Nebius Group in the second quarter [8] - Both companies are racing to expand their data center footprints while taking on significant debt to meet the escalating demand for AI compute [8]

Core Viewpoint - Nebius Group's stock has experienced significant growth this year, quadrupling in value, but concerns about an AI bubble have led to a recent decline in share price [1][3]. Group 1: Stock Performance - Nebius Group's shares have increased fourfold year to date, driven by interest in its AI neocloud services from major tech companies [1]. - Following a multibillion-dollar deal with Microsoft, Nebius's stock more than doubled within a month [3]. - Despite the recent pullback, Nebius's market capitalization remains over $28 billion [4]. Group 2: Financial Outlook - Management has guided for an annualized run rate revenue (ARR) of approximately $1 billion for the year [4]. - The current price-to-sales (P/S) ratio of about 28 is considered unsustainable, indicating that either revenue must continue to grow significantly or the stock price will need to adjust downward [4]. Group 3: Market Sentiment - Concerns about an AI bubble are being echoed in various media outlets, with articles suggesting that stocks like Nebius may be overvalued [4]. - The excitement surrounding Nebius stock may have led to overvaluation, as indicated by the recent decline in share price [4].

Key Points Nvidia, Microsoft, and BlackRock were among a consortium that moved to buy Aligned Data Centers in a $40 billion deal. The acquisition signals that demand in the AI infrastructure space remains high. Many AI stocks now command risky valuation multiples, but Nvidia and Microsoft have big strengths. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), BlackRock (NYSE: BLK), and xAI signaled another strong round of support for growth in the artificial int ...

Core Viewpoint - Nscale, a UK-based AI infrastructure provider, is considering an initial public offering (IPO) potentially in the second half of next year [1] Group 1: Company Developments - Nscale has entered into an extended partnership agreement with Microsoft valued at $14 billion, which includes the provision of 75,000 Nvidia GB300 GPUs for projects in Norway and the UK [1] - The company recently completed a financing round, raising $433 million [1]

Core Insights - Iren, an Australian company, is transitioning from Bitcoin mining to becoming a key player in AI infrastructure, gaining attention in a market dominated by major tech firms [1][2] - The company has leveraged its experience in power efficiency and high-density cooling from Bitcoin mining to support AI computational needs [3][4] - Iren's strategic pivot positions it to benefit from the growing demand for AI, as energy and computing become essential for growth in the digital economy [5] Industry Context - The emergence of "neocloud" computing is reshaping the infrastructure landscape, focusing specifically on AI workloads, contrasting with traditional cloud services [7] - Companies like CoreWeave and Oracle are also capitalizing on this trend, indicating a competitive environment for AI infrastructure [8]

Core Insights - Fiscal year 2025 was transformational for the company, achieving 17% top-line growth, 190 basis points of non-GAAP operating margin expansion, and a 53% increase in non-GAAP diluted EPS [1][6][20] - The company is evolving from a holding company structure into a leading provider of AI infrastructure solutions, with significant progress in customer diversification and partnerships [4][6][9] Financial Performance - Q4 revenue was $338 million, a 9% year-over-year increase, with non-GAAP gross margin at 30.9% and non-GAAP operating income of $39 million, up 16% year over year [5][19] - For the full fiscal year, total net sales reached $1.37 billion, up 17% year over year, with non-GAAP diluted EPS at $1.90, a 53% increase compared to fiscal 2024 [20][26] - Advanced computing revenue for 2025 was $138 million, reflecting a 17% year-over-year growth, with HPC AI revenue from non-hyperscalers increasing by 75% [10][21] Business Segments - Integrated memory segment revenue for Q4 was $132 million, a 38% year-over-year increase, and for the full year, it totaled $464 million, up 30% [13][22] - Optimized LED segment revenue for Q4 was $67 million, a 2% year-over-year increase, with full-year revenue at $256 million, roughly flat year over year [15][22] Strategic Initiatives - The company is focusing on expanding its enterprise customer base and AI infrastructure deployments, while driving innovation across its hardware, software, and services portfolio [17][18] - Key partnerships have been developed with major companies like NVIDIA, CDW, Insight, and Dell, enhancing the company's market reach [4][9] Market Outlook - For fiscal 2026, the company expects net sales to grow by 6% plus or minus 10%, with a focus on diversifying customer sales mix and anticipating zero hardware sales to hyperscale customers [33][35] - The memory segment is projected to grow between 10-20% year over year, while LED sales are expected to change between -5% and +5% [37][39]

Core Insights - SuperX has launched a modular AI factory to address key challenges in traditional AI data center construction, including long build times, high costs, significant energy consumption, and limited scalability [1][2] - The modular AI factory aims to reduce the construction time of AI data centers from the traditional 18-24 months to under 6 months, enabling faster deployment of computing power [1] Delivery Speed - The solution allows for all core modules, including computing, cooling, and power units, to be prefabricated, integrated, and tested in the factory, requiring only quick assembly on-site [1][2] - This improvement in delivery speed enables AI companies to convert computing power into business value more rapidly [1] Computing Density - The core computing unit, SuperX NeuroBlock, supports up to 24 NVIDIA GB300NVL72 units with a power capacity of 3.5MW, achieving seven times the density of traditional solutions [2] - The integration with high-density liquid cooling and HVDC power systems significantly reduces the physical space required for the same computing density [2] Energy Efficiency - The solution employs high-voltage direct current (HVDC) technology, enhancing end-to-end power supply efficiency to over 98.5% [2] - The overall Power Usage Effectiveness (PUE) is reduced to 1.15, which is a 23% decrease in total energy consumption compared to traditional air-cooled systems with a PUE of approximately 1.5 [2] Flexibility - The modular deployment allows for a shift from complex on-site construction to standardized module production in the factory [2] - Clients can start with a single module and seamlessly scale from "1 to N" based on business needs, showcasing the flexibility of the solution [2] Innovation - The modular AI factory represents a fundamental shift from "complex customization" to "standardized products," enabling plug-and-play capabilities [2] - This innovative solution is expected to drive the transformation of traditional data centers into AI factories [2]