DanielRomero

$INTC was the best-performing underdog of 2025 (+94%)
It outperformed:
• $NVDA (+37%)
• $AMD (+84%)
• $AVGO (+50%)
• $MRVL (-21%)
• $ALAB (+33%)
• $ASML (+43%)
• $GOOG (+64%)
• $ARM (-10%)

Predictions for 2026:
• Data center stocks blow past ATHs as the power bottleneck becomes even more obvious
• The first AI operating systems show up, with complete control over the computer
• Memory stocks go higher, the top isn’t in
• Vibe run companies appear, businesses where AI does everything, from market research to promotion
• With the surge of AI accounts, companies start requiring proof of personhood, with a clear distinction between AI influencers and human influencers
• We see the first patent with AI listed as an inventor
• Finance moves toward a 24/7 model, powered by block

Bank of America analyst Vivek Arya projects that global semiconductor sales will surge roughly 30% year over year, exceeding $1 trillion in 2026
$NVDA $AMD $AVGO $INTC $QCOM $ARM
At 15x sales, that implies a $15 trillion valuation for chip sellers
Imagine the opportunity by 2030+

Which one is more likely to 2x this year?
$NBIS at a $21B market cap
$IREN at a $11B market cap
$CIFR at a $6B market cap
$HUT at a $5B market cap
$RIOT at a $5B market cap
$WULF at a $5B market cap
$CLSK at a $2.7B market cap
$BITF at a $1.4B market cap
$DGXX at a $165M market cap
$SLNH at a $115M market cap

How is nobody talking about $RIOT?
• Half the market cap of $IREN
• 1 GW data center campus under construction
• 36.5 EH/s of deployed hash rate
• 2 GW of total power capacity

I slowly exited $HIMS after the last time it crossed $60
I exited completely two months ago
My reasoning (happy to discuss):
• Core business slowdown
• Reliance on GLP-1
• Threat from oral GLP-1
• Mid-to-Low barriers to entry
• Weak consumer data
• High costs related to European expansion
• Lack of insider buying, even at these prices
• Gross margin compression

ERCOT has 226 GW of large-load interconnection requests
Total installed capacity stands at 183 GW
That means the 226 GW load queue is roughly 1.23× ERCOT’s entire installed generation
$CIFR has already started diversifying away from ERCOT, with its new Ohio site acquisition
$GLXY 2.7 GW expansion potential now seems unlikely in the near term
Those that have already secured approvals hold a clear advantage:
• $IREN already has 2 GW approved in Sweetwater
• $RIOT has 1 GW approved at its Corsicana site

ERCOT has 226 GW of large-load interconnection requests
Total installed capacity stands at 183 GW
That means the 226 GW load queue is roughly 1.23× ERCOT’s entire installed generation
$CIFR has already started diversifying away from ERCOT, with its new Ohio site acquisition
$GLXY 2.7 GW expansion potential now seems unlikely in the near term
Those that have already secured approvals hold a clear advantage:
•$IREN already has 2 GW approved in Sweetwater
•$RIOT has 1 GW approved at its Corsicana site

$RDW is gaining more traction than ever before
However,
The company has $54m in cash and is burning over $40m per quarter
It also has an undrawn revolver of $35m
Even with the $250m ATM set for this quarter, total available liquidity would only provide roughly two years of runway, while the company still carries around $200m in debt
At the current $1.1b market cap, the ATM would be highly dilutive, and the debt load concerning
Summary: $RDW urgently needs new contracts and, more importantly, good execution to deliver them with good profitability

$NBIS: Current Footprint

$NBIS: Current Footprint

China launches world's first 30MW pure hydrogen turbine
Mingyang Group has successfully launched Jupiter I, the world’s first 30 MW gas turbine running entirely on pure hydrogen, now operating stably in Inner Mongolia
The system solves a key renewable energy problem by storing excess wind and solar power as hydrogen via electrolysis, then converting it back into electricity during peak demand, delivering zero carbon emissions at generation
Compared with a thermal power unit of similar size, Jupiter I can cut over 200,000 tonnes of CO₂ per year

Is $JMIA the Amazon of Africa?
KPIs from last quarter
→ Revenue: up 22% YoY
→ Operating margin: -37%
→ EBITDA margin: -31%
Over the last 9 months
→ Gross profit: down 11% YoY
→ Revenue: up 5% YoY
Balance sheet
→ Cash position: $85M
→ Headcount: down 7% YTD
→ Runway: ~20 months
Guidance
→ 2026: loss of $27.5M
→ 2027: first profitability
Operations
→ Jumia operates in Algeria, Egypt, Kenya, Uganda, Morocco, Ivory Coast, Ghana, Nigeria, and Senegal.

$AMD's RDNA 5 GPUs have taped out on $TSM's N3P process node, targeting a mid-2027 launch
$TSM's N3P is an optical refinement of the N3E node, delivering approximately 5% higher performance at the same power or 5–10% lower power at the same frequency

Companies by number of approved quantum computing patents:
Origin Quantum (China): 901
IBM (USA) | $IBM: 601
Baidu (China) | $BIDU: 376
Alphabet (USA) | $GOOG: 231
Intel (USA) | $INTC: 196
Huawei (China): 185
Microsoft (USA) | $MSFT: 179
IonQ (USA) | $IONQ: 120
Bank of America (USA) | $BAC: 119
Honeywell (USA) | $HON: 118
Tencent (China) | $TCEHY: 114
Fujitsu (Japan) | $FJTSY: 109
Alibaba (China) | $BABA: 95
Rigetti (USA) | $RGTI: 65
D-Wave (Canada) | $QBTS: 64

$AMD and $NVDA are expected to raise graphics card prices in Q1 2026, with potential increases of 10–20%
$AMD has already notified partners of a $10 price increase per 8GB of VRAM
$SSNLF Samsung, $000660 SK Hynix, and $MU Micron have allocated roughly 18–28% of DRAM capacity to HBM, tightening supply for conventional memory
As a result, DRAM contract prices are up ~170% year over year.
$NVDA is also reportedly planning to cut discrete gaming GPU production by 30–40% in 1H 2026