This morning the high growth portfolio entered a new position, MongoDB, and trimmed its holding in shares of Snowflake. Snowflake shares have recently spiked-they are up by more than 13% in the past month and by 6.5% in just the last week. We sold 100 shares at $287.29, leaving the 500 shares. The sale raised…
Last week Pega reported a very disappointing quarter. Competitive position and sales execution have broken down. Pega has a great solution, I believe, and an impressive base of marquee customers. But apparently it has been unable to close significant transactions based mainly on competitive losses more than anything else. The yield on Pega shares is…
Simply put-No! I am neither prescient nor gifted with second sight. And when there is nothing to see, I can’t see it. Nebius shares are down by more than 37% in little more than a week. The precipitating factor has been the rumor that Meta is set to become a competitor in the AI infrastructure space. This…
This morning DigitalOcean announced that it was spending $500 million to retire its current convertible debt outstanding. This is to be funded by simultaneous offerings of shares. The net of these transactions will leave the implied outstanding share count alone. The press release called out that this transaction might result in some share price volatility and that…
a) Cerebras Cerebras shares have fallen by around 4% today. It is a very volatile stock that often moves without a great deal of substantive information. A few days ago it appreciated as much as 20% after it announced that it was building data centers in Europe at an accelerated pace. Today the shares have fallen…
Monday started the week off on the back foot. AI infrastructure and chip stocks fell noticeably. Part of this is a function of the war between Iran and this country that has come back to haunt stocks-and much else besides. Oil was up by almost 10% and the QQQ ETF fell by 1.9% and the…
PhonlamaiPhoto/iStock via Getty Images Trying to understand if the technology of the Wafer Scale Engine is creating a real alternative to Nvidia Fast is the opposite of slow. Cerebras (CBRS) is fast-real fast. It’s next generation fast and has built a moat through its architecture and its patents that is hard for anyone to exactly…
The high growth portfolio acquired another 150 shares of Cerebras at $174.99 at today’s opening. That cost $26,255 and takes the holding in the high growth portfolio to 250 shares with a weight of 1.64%. That is still the smallest position in the high growth portfolio. Stocks are weaker today pretty much across the board…
There was positive news regarding two companies we hold in the high growth portfolio: Digital Ocean and Figma. Neither company’s share price has responded hugely to positive developments leaving them relatively attractive. a) Digital Ocean Digital Ocean pre-announced a substantial upside for its June quarter and essentially raised future guidance. The headline is that the company…
We wrote about adding to the Nebius position and starting a position in Cerebras shares in the weekly commentary. Since the commentary won’t be published for a few hours, here is what I wrote about both companies. Nebius: did last week’s drawdown make sense? Cerebras: is this a bet worth taking? a) Nebius Last week…