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VRA Letter: Pre-Alert: NBIS. ATH’s Beget ATH’s. VRA Quick Hitters.

Good Monday morning. I’m on the road for a couple of days so our Letters may be brief. In this particular melt-up phase we’re seeing a narrow but powerful move higher in AI infrastructure plays. While we have excellent expos ...

Posted On June 01, 20264 MIN Read
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Good Monday morning. I’m on the road for a couple of days so our Letters may be brief. In this particular melt-up phase we’re seeing a narrow but powerful move higher in AI infrastructure plays. While we have excellent exposure to AI and tech stocks (TSLA, NVDA, CBRS, XTRAF, GLXY) we do not have exposure to the narrow /specific names that are red hot today.

Consider this a VRA Pre-Alert: NBIS (Nebius Group) is positioned exactly in this AI infrastructure group. NBIS is growing revenues by 684% y/y with a blue chip customer list in AI infrastructure. Their current market cap is $58 billion, likely on its way to $200 billion over the next 12-18 months. Last: $246.
If you’re itching to buy a pure infrastructure play, NBIS looks excellent here.

VRA Market Update

Fridays trading marked 3 straight days with ATH’s in all 4 major indexes. We’ve now had 9 straight weeks of gains in the S&P 500 and 8 straight in Nasdaq.This market cannot be kept down. We continue to forecast that t...

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