Thursday was just an awful day for investors in the enterprise software space and Friday hasn’t been much better. Our Ticker Target High Growth portfolio fell by almost 5% and is down by more than 4% today.. Not terribly surprisingly, the IGV ETF-extended tech software fell by a similar percentage while the WCLD ETF fell…
The market is once again suffering through a bout of what I might describe as bubble mania with aggressive selling of AI shares. In addition, the results of Netskope, while objectively very strong and better than anticipated, have seen some selling interest as well. Apparently issues with regards to Broadcom’s projected margins have somehow been readthrough…
Dear Subscribers: The editors at SA requested that I make some substantial changes to the article that I sent out last week. It proved to be far easier to write a new one than to try to deconstruct and reconnect an article. There are some updates and changes, but the thesis is the same. I liked…
I added 300 shares of Pure Storage to the high growth portfolio at $72.56. This brings the Pure Storage position to 2700 shares and a weight of 9.4% in the high growth portfolio. I was a bit precipitate and caught a falling knife. But I would rather be there than not, and I will remind myself about…
Summary Nebius is a leading competitor in the neocloud space. The company offers a full stack solution and the performance of its stack is said to be market leading. The company has recently acquired customers such as Meta and Microsoft who have contracted for billions of dollars of Nebius service. The company has also acquired…
As those of you who know me, I am not given to hyperbole. I see plenty of it in my role. I really don’t like to say something is incredible. But I do not know how else to describe the projections Nebius provided as part of this earnings release. As I write this, Nebius shares…
I know that many Ticker Target subscribers have positions in Nebius shares and are concerned about their consistent streak of losses over the last 10 days. That might have been particularly true yesterday, when the company announced that Uber was investing $375 million alongside Nebius to accelerate the roll-out of Avride’s autonomous transport deployment. The…
Shares of Nebius were down today for the 6th trading day in a row after hitting a high of $135/share just a week ago. The same trading pattern has befallen peer stocks CoreWeave and IREN. I have gotten a few questions as to what is going on. In terms of specific news regarding financials or major…
The market continues to trade in a consolidation mode, and we took some actions today. Although objectively the inflation news was reasonably positive, and initially stocks rose, selling resumed shortly after the opening. The consolidation trade may last until earnings season gets underway. Or it may last until the next Fed policy meeting. My ability…
We made some changes to the high growth portfolio over the course of Wednesday. Shares of Nebius rocketed. This is partially due to the announcements of the rapid build-out of Project Stargate. Over 80% of Stargate’s $500 billion dollar build out is either completed or under construction. This is far more aggressive than heretofore expected.…