There has been lots of volatility since Monday. First the DeepSeek panic and then yesterday the sharp reversal as investors started to refine their view of the likely impact of the cost of cheaper models. Today-at least as I write this-seems to be presenting a bit of a consolidation trade after yesterday’s sharp spike. …
We made a couple of changes in the high growth portfolio today. We sold our position in Braze (580 shares) at $43.99. Braze has rallied considerably since we bought the position in late October. While Braze is a leading vendor in the customer engagement space, its valuation is no longer quite the relative bargain it was when…
Summary Nebius offers high-capacity AI-optimized data centers with significant cost advantages, Nvidia partnership, and a skilled engineering team, making it a compelling investment despite risks. The company has ambitious growth plans, projecting ARR of $750 million to $1 billion by end-2025; up about 4X-5X from the end of 2024, driven by substantial capex and Nvidia’s…