Core Viewpoint - Nvidia is recognized as a leading player in the artificial intelligence (AI) sector, particularly due to its graphics processing units (GPUs) which are essential for training large language models (LLMs) [1] Nvidia's Investment Strategy - Nvidia, under CEO Jensen Huang, has leveraged its market position to invest in other AI-related companies, owning a total portfolio valued at approximately $1.14 billion as of April 27, 2025 [2][4] Nvidia's Stock Holdings - Nvidia's largest holding is in CoreWeave, valued at nearly $897 million, which has seen a significant increase of 286% since its IPO [4][5] - Arm Holdings, with a stake of $117.6 million, has increased by 146% since its IPO in 2023, providing essential intellectual property for CPUs, GPUs, and NPUs [6] - Applied Digital Corp, in which Nvidia holds a $43.4 million position, offers cloud services and digital infrastructure solutions for high-performance computing and AI [7][8] - Recursion Pharmaceuticals, with a stake of about $40.7 million, utilizes AI for drug discovery and collaborates with Nvidia [9][10] - Nebius Group, valued at $25 million, provides cloud solutions for AI applications, allowing customers to rent infrastructure [10][11] - WeRide, Nvidia's smallest investment at $23.6 million, focuses on commercializing self-driving vehicles using Nvidia's technology [12] Notable Investment: Nebius - Nebius is highlighted as the best stock in Nvidia's portfolio, recently listed on Nasdaq and raising $700 million in a private placement [13][14] - With a market cap of approximately $11.4 billion, Nebius is considered more affordable than CoreWeave and is projected to generate mid-single-digit billions in annual revenue at high margins [15] - Nebius's user-friendly AI solutions may attract less sophisticated companies beginning to implement AI, potentially expanding its customer base [16]

Palantir Technologies (NASDAQ: PLTR) shares have advanced 400% over the past year, and the company is currently worth $335 billion. I predict Uber Technologies (UBER -1.04%) and CoreWeave (CRWV -9.01%) will reach $340 billion by late 2028. Here's what that would mean for shareholders:Uber is currently worth $201 billion. If the company achieves a market value of $340 billion by late 2028, the stock will increase 69% to $163 per share. That implies annual returns of roughly 16% over the next three and a half ...

Nebius Group TodayNBISNebius Group$46.74 +0.70 (+1.51%) 52-Week Range$14.09▼$55.75Price Target$66.50Add to WatchlistThe search for the next impactful name in artificial intelligence (AI) often leads investors to crowded fields. Yet, quietly capturing a significant market share is Nebius Group N.V. NASDAQ: NBIS. This international AI cloud provider delivered a staggering 385% year-over-year revenue growth in its latest quarter.Get NVIDIA alerts:This narrative of rapid expansion becomes even more compelling ...

Key Takeaways RGTI offers pulse-level access to QPUs, enabling deep customization beyond gate-level commands. This feature integrates with Rigetti's QCS platform, easing the shift from research to real-world use. Despite advanced tech, RGTI shares are down 11.5% YTD and trade at a high price-to-book ratio.Rigetti Computing (RGTI) is quietly setting itself apart in the quantum computing space by offering pulse-level access to its quantum processing units. This feature gives developers far greater control o ...

Core Insights - Applied Digital (APLD) is shifting its focus towards hyperscale data center leasing, particularly for AI infrastructure, as its Cloud Services segment struggles to achieve profitability [1][4] - APLD's third-quarter fiscal 2025 revenues increased by 22% year-over-year to $52.9 million, but the Cloud business generated only $17.8 million, reflecting a sequential decline due to technical issues and a shift to on-demand capacity [1][9] - The Data Center Hosting segment is gaining traction, supported by significant financing agreements, including a $5 billion deal with Macquarie and a $375 million agreement with SMBC [2] Financial Performance - APLD's Cloud Services business incurred over $10 million in losses during the fiscal third quarter, facing competitive pressure from CoreWeave [3] - The company is exploring options to divest or spin out its Cloud Services business, which is seen as a hindrance to its leasing negotiations and potential REIT transition [3][4] - APLD's stock has increased by 20.7% year-to-date, contrasting with a 3.5% decline in the industry [8] Strategic Developments - APLD is developing its Ellendale campus with a planned 400MW critical IT load, with the first 100MW facility expected to be operational in the fourth quarter of 2025 [2] - A landmark $7 billion lease agreement with CoreWeave is expected to provide recurring revenues over 15 years, underscoring the economic potential of APLD's HPC infrastructure [2][9] - The company has a planned buildout of 1.4GW and is engaged in active lease discussions, although it faces execution risks related to high capital expenditures of $30–50 million per month [3] Valuation and Estimates - APLD trades at a forward price-to-sales ratio of 7.97X, which is above the industry average and its five-year median of 5.03X [10] - The Zacks Consensus Estimate for APLD's fiscal 2026 earnings suggests a year-over-year increase of 73.6% [11]

Group 1 - CoreWeave Inc announced an all-stock acquisition of Core Scientific Inc, valuing the latter at $9 billion or $20.40 per share, significantly higher than its pre-deal price of under $11 [1][2] - CoreWeave's stock fell by 3.9% despite a 293% year-to-date rally, indicating investor skepticism about the merger of high-growth AI with high-volatility crypto mining [2][3] - Core Scientific has seen a 12% decline in the past month and remains negative year-to-date, yet the acquisition offer suggests nearly double its current share price [3][4] Group 2 - The acquisition is positioned as a strategic move for CoreWeave to secure cheap, scalable power for its AI infrastructure, leveraging Core Scientific's energy-dense data centers [2][4] - There is uncertainty regarding whether a 2021-style crypto valuation can be sustained in the current market environment, with investors currently not convinced [4]

Core Viewpoint - IREN (NASDAQ:IREN) has experienced a significant stock increase of nearly 80% over the last month, currently trading at approximately $16, raising questions about its attractiveness as an investment [2][3] Group 1: Financial Performance - IREN's revenues have shown substantial growth, with an average annual growth rate of 270% over the past three years, and a revenue increase of 127.2% from $165 million to $375 million in the last 12 months [10][13] - The company's quarterly revenues rose by 168.4% to $145 million in the most recent quarter, compared to $54 million a year prior [13] - Despite the revenue growth, IREN's operating income over the last four quarters was -$19 million, indicating a poor operating margin of -5.0% [13] - The net income for the last four quarters was -$36 million, resulting in a net income margin of -9.5% [13] Group 2: Valuation and Market Comparison - IREN has a price-to-sales (P/S) ratio of 9.5, which is significantly higher than the S&P 500's ratio of 3.1, suggesting that IREN stock appears costly relative to the broader market [5] - The conclusion drawn from the analysis indicates that a valuation of 9 times trailing revenues is not excessively high given the company's growth trajectory [11] Group 3: Operational Milestones - Recent operational milestones include the successful conclusion of a $550 million 3.5% convertible senior notes offering, which has enhanced market confidence [7] - IREN achieved its mid-year goal of 50 EH/s in installed self-mining capacity, marking a key operational milestone [7] - The acquisition of 2,400 next-generation NVIDIA Blackwell B200 and B300 GPUs was disclosed to support the company's growing AI Cloud Services [7] Group 4: Resilience and Market Performance - IREN stock has performed significantly worse than the S&P 500 during the inflation downturn in 2022, raising concerns about its resilience during economic downturns [9] - The stock has dropped 95.7% from a peak of $24.80 on November 19, 2021, to $1.06 on December 28, 2022, and has not yet recovered to its pre-crisis high [14]

SYDNEY, July 07, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (together with its subsidiaries, “IREN” or “the Company”), today published its monthly update for June 2025. June Highlights Record monthly revenue and hardware profit350 EH/s mid-year target achievedAI Cloud expanded with ~2.4k Blackwell GPUs$550m convertible notes offering oversubscribedUS domestic issuer status transition completeCustomer and financing workstreams progressing across AI verticals Key MetricsJun 25May 25Bitcoin Mining ...

Core Insights - IREN Limited has announced the purchase of 2,400 next-generation NVIDIA Blackwell B200 and B300 GPUs for approximately $130 million, fully funded from existing cash, while also exploring financing options for AI Cloud Services growth [1][2][4] - The new GPUs will be installed at IREN's Prince George, BC campus, increasing the total fleet to around 4,300 NVIDIA GPUs, with the capacity to host over 20,000 Blackwell GPUs due to 50MW of dedicated power [2][3] - The Blackwell architecture enhances performance and efficiency, positioning IREN as a leading cloud provider in a supply-constrained market, with rising demand from AI-native enterprises and cloud operators [3][4] Company Positioning - IREN's vertically integrated platform, supported by 2,910 MW of grid-connected power, allows for flexible, end-to-end solutions across the AI infrastructure stack, including powered shells and fully managed cloud services [4][9] - The investment in Blackwell GPUs is expected to yield attractive risk-adjusted returns and support ongoing discussions in IREN's AI Data Center business [4][5] - IREN operates in renewable-rich regions and focuses on high-performance computing solutions, including AI Cloud Services and Bitcoin mining, leveraging 100% renewable energy [9][10]

Core Insights - Applied Digital Corporation (APLD) reported a 22% revenue growth in Q3 fiscal 2025, reaching $52.9 million, primarily due to expanded data center and cloud capacity [1][11] - The company experienced a widening net loss of $36.1 million, equating to a 16-cent loss per share, raising concerns about sustainability amid aggressive expansion [1][11] Financial Performance - APLD's adjusted EBITDA improved significantly to $10 million, indicating underlying business potential despite short-term challenges [2] - Cost of revenues increased to $49.1 million due to higher facility operations, while interest expenses nearly doubled to $8.9 million, reflecting elevated debt levels of $689.1 million [3] - Seasonal power costs and a shift from single to multi-tenant cloud configurations contributed to margin compression [3] Strategic Developments - APLD is on track to launch its Ellendale campus in Q4 fiscal 2025, supported by strategic financing commitments of $5 billion from Macquarie and $375 million from SMBC [2] - The company plans to divest its Cloud Services business to mitigate competition with hyperscaler clients and prepare for a potential REIT transition, raising questions about long-term strategic coherence [4][5] Market Position - APLD's stock has increased by 27.7% year-to-date, outperforming the industry average gain of 3.2% [10] - The company trades at a forward price-to-sales ratio of 8.64, significantly above the industry average and its five-year median of 1.45, indicating potential overvaluation [12] Earnings Estimates - The Zacks Consensus Estimate for APLD's fiscal 2026 earnings suggests a year-over-year increase of 73.6% [13] - Current estimates indicate a projected loss of $0.99 for the current year, with expectations of narrowing losses to $0.27 in the next year [14]