Research · Sep 3, 2026
Nebius Group FY25 (Dec 31, 2025) revenue $529.8M (+351%) on core AI cloud infrastructure compounding. Q4 alone $227.7M (annualized $911M). NI +$102M (non-core stake monetization); op income -$596M (scale-up phase). Microsoft contract $17.4-19.4B + Meta ~$3B/5yr anchor backlog. Capex $-4.07B (raised mid-year). FY26 ARR guide $7-9B (vs Q3 exit $551M); contracted capacity to 2.5GW by 2026.
Research · Apr 13, 2026
Anchored in the S&P 500's best week since November 2025, this analyzes cross-sector standouts: AI leaders NBIS, MU, TSEM soared 13-37% in days, energy VLO gained 8%, while ULTA and FICO dropped 19% each. Ranks NBIS top for conviction amid rotation rally.
Research · Apr 9, 2026
The S&P 500's strongest week in four months highlights cross-sector winners like MU, VLO, CF, NIO, NBIS, and IREN, each with strong recent gains, growth metrics, and thematic tailwinds. Ranked by conviction, they offer positioning for continued broadening. Key risks include macro slowdowns and sector rotations.
Research · Mar 12, 2026
Data center REITs are experiencing unprecedented demand as hyperscalers and GPU cloud providers race to lock up AI-ready capacity, with CoreWeave alone planning $30-35B in 2026 capex. Digital Realty offers the best risk-reward with its 5 GW power pipeline and record backlog, while Iron Mountain is the highest-upside dark horse with 30%+ data center revenue growth at a meaningful valuation discount to peers.
