To The Moon

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ AI adoption is accelerating heading into 2027. That's really all you need to know. Ignore the bearish FUD.

$NEBIUS(NBIS)$ That sounds very bullish to me. A bit discouraging, but still bullish. This is coming from Bill at Microsoft.

$NEBIUS(NBIS)$ $IREN Ltd(IREN)$ $APPLIED DIGITAL CORP(APLD)$ $CoreWeave, Inc.(CRWV)$ $NVIDIA(NVDA)$ Nvidia's CFO pointed out that cloud industry backlog now exceeds $2 trillion. Capex from the top five hyperscalers is expected to reach nearly $800B in 2026 and $1.3T in 2027.

$NEBIUS(NBIS)$  Market makers seem to be controlling the buy and sell flow to trap nervous margin holders and shorts. This ticker looks ready to move higher, but it's being held back while institutional buyers accumulate at lower levels. Another month of increasing institutional buying while retail participation keeps fading.

$NEBIUS(NBIS)$ NVDA should have blowout earnings, and that could lift other names in the space. Especially if they announce their Rubin Chip debut on NBIS.

Not huge by Neocloud standards, but the Neocloud names are all picking up a bit. $APPLIED DIGITAL CORP(APLD)$  $IREN Ltd(IREN)$  $TeraWulf Inc.(WULF)$  $NEBIUS(NBIS)$  $CoreWeave, Inc.(CRWV)$ 

$NEBIUS(NBIS)$ $APPLIED DIGITAL CORP(APLD)$ $NVIDIA(NVDA)$ $CoreWeave, Inc.(CRWV)$ $IREN Ltd(IREN)$ I particularly like the Facebook groups against data centers lol.

$SUPER MICRO COMPUTER INC(SMCI)$ The valuation disconnect here is getting hard to ignore. Just looking at how the market is pricing these AI infrastructure names: SMCI at roughly 8.2x forward P/E, $Dell Technologies Inc.(DELL)$  around 23.2x, $Hewlett Packard Enterprise(HPE)$  near 13.7x, $CoreWeave, Inc.(CRWV)$  with no meaningful positive P/E, and $NEBIUS(NBIS)$  at about 1,277x trailing with forward P/E not available. SMCI trades at roughly one-third of Dell's forward earnings multiple while sitting directly in the heart of the AI server, rack-scale an

$NEBIUS(NBIS)$  $IREN Ltd(IREN)$ $TeraWulf Inc.(WULF)$ $Cipher Mining Inc.(CIFR)$ $APPLIED DIGITAL CORP(APLD)$ This could be what saves us. She has never been wrong. Basically pointing to AI power plays taking off, and she has never been wrong.

It is MSFT. As I wrote before, $ChronoScale Corp(CHRN)$  recently disclosed in its Form 10-K filing that it entered into an agreement with $Microsoft(MSFT)$  to deploy up to 50 MW of HPC compute. Obviously that will be at an $APPLIED DIGITAL CORP(APLD)$  datacenter. The available ones are DF1, DF2 and PF3, and $APPLIED DIGITAL CORP(APLD)$  has told us that the same 4 big hyperscaler has all three of these sites. No way $ChronoScale Corp(CHRN)$  is deploying that at a competitor datacenter builder's site. However, Wes will never alter his no PR/no press s