Amit Kukreja
AMD, SMCI, TEMPUS, ANET, RIVN, ZETA, AXON, PINS + MORE EARNINGS | MARKET CLOSE
11/4/2025, 7:14:43 PM
Economic Summary
- Large hyperscalers are signaling continued demand for more compute capacity; firms with power, infrastructure, and software stacks (e.g., NEBIUS, CORIUM) are positioned to benefit, suggesting opportunity for data-center focused equities.
- The Microsoft–IREN deal is market-affirming for IREN, supplying customer momentum, GPU demand, and partner support (Dell), which should boost IREN's visibility in the data-center space despite short-term stock volatility.
- Investor behavior in the call: participants described purchases of NEBIUS and CORIUM as dip buys and not overly aggressive, indicating cautious allocation with cash reserves available for future opportunities.
Bullish
- Hyperscalers' growing compute demand should benefit companies with power, infrastructure, and software stacks like NEBIUS.
- CORIUM can similarly gain from increased demand for scaled data-center solutions.
- The Microsoft–IREN deal validates IREN, bringing Microsoft as a customer, GPU demand, and partner support from Dell.
Bearish
- IREN's stock showed a volatile reaction to the Microsoft deal, spiking then retreating.
- Purchases described as 'dip buys' imply limited conviction and potential for short-term pullbacks.
Bullish tickers
NEBIUSCORIUMIRENMSFT
Bearish tickers
IREN
NEBIUS
Bullish
Expected to benefit from hyperscalers' growing compute needs due to its power, infrastructure, and software stack.
Bearish
Bought as a dip buy with limited aggression; recent strong performance could lead to short-term volatility.
CORIUM
Bullish
Positioned to gain from increased demand for scaled data-center solutions and hyperscaler compute growth.
Bearish
Purchase described as a dip buy, implying limited conviction and potential short-term pullback.
MSFT
Bullish
Involvement in the deal with IREN supports data-center demand and validates partner deployments.
Bearish
No direct bearish points discussed in the call.
IREN
Bullish
The Microsoft deal puts IREN on the map, bringing Microsoft as a customer, GPU demand, momentum, and Dell support for scale.
Bearish
The announcement timing was criticized and the stock reversed after an initial spike, indicating mixed investor reception.
People mentioned
JoseNeil