Getty Images Elevator Thesis IREN Limited ( IREN ) has been shaking the AI cloud industry. IREN is a fast-pivoting AI compute company that started as a Bitcoin miner. Simply put, it offers the power and infrastructure that companies require to execute large-scale AI workloads with great speed and efficiency. The company is already executing GPU deployments, which puts its transformation into full ...
Getty Images Elevator Thesis IREN Limited ( IREN ) has been shaking the AI cloud industry. IREN is a fast-pivoting AI compute company that started as a Bitcoin miner. Simply put, it offers the power and infrastructure that companies require to execute large-scale AI workloads with great speed and efficiency. The company is already executing GPU deployments, which puts its transformation into full swing. To say the least, the heavyweights are already on board with IREN. For example, Microsoft ( MSFT ) signed a multi-year AI agreement, Nvidia ( NVDA ) is providing the GPUs, and Dell Technologies ( DELL ) is powering the major infrastructure. Even CoreWeave ( CRWV ) and Nebius ( NBIS ) are also showcasing what can be done in neoclouds. However, IREN is taking a step further in its vertically integrated approach. It aligns power, hardware, and enterprise contracts in a meaningful way. Moreover, the physical stack ownership enables IREN to convert the capacity into revenue more quickly than the competitors that depend on third-party hosts. Kent Draper, the Chief Commercial Officer of IREN, claimed in Q2 2026 earnings call , “Demand is not the constraint for us.” That is what backs my point. Execution, not interest, is the real constraint in AI infrastructure. Furthermore, IREN’s initial performance is already showing results. The revenue of AI Cloud Services is increasing with Bitcoin mining financing the pivot. The stock is currently trading at around $41. Within the present configuration, it can grow in the next few months, provided deployments remain on time. Things may go even faster in case AI revenue increases faster than predicted or new partnerships are formed. There are risks, but I view IREN as a Buy with a long runway. Execution is already underway, and for those investors who can withstand a bit of volatility, there is clear upside potential. The Moat: Power, Vertical Integration, and Speed to Compute Speed and reliability cannot be purchased through money al...
tupungato/iStock Editorial via Getty Images Thesis Dave & Buster's Entertainment, Inc. ( PLAY ) operates a chain of restaurants and entertainment centers with arcade games across North America. When I last covered PLAY, I rated it a Hold because the valuation looked inexpensive, but weak comps and slow growth made it hard to justify a more bullish call. Since that note, the stock has been hammered...
tupungato/iStock Editorial via Getty Images Thesis Dave & Buster's Entertainment, Inc. ( PLAY ) operates a chain of restaurants and entertainment centers with arcade games across North America. When I last covered PLAY, I rated it a Hold because the valuation looked inexpensive, but weak comps and slow growth made it hard to justify a more bullish call. Since that note, the stock has been hammered. Seeking Alpha Another slice of that drop happened yesterday (even though most of the overall market was green), thus continuing its steady decline to fresh lows in search of a new support level. TradingView Historically speaking, PLAY is a newcomer, starting its trading life in late 2014. Before it ever hit the market, it showed up in pop culture via a 2009 episode of It's Always Sunny in Philadelphia called “ The Great Recession ,” where Dennis informs Frank (Danny DeVito) that 'if you’re looking for a better steak in an arcade setting, you are [censored] out of luck. ' Worth a watch if you’re craving a dose of absurd, brilliant comedy and a nostalgic satire of an equally absurd moment in the markets. Today, based on momentum alone, you could say Dave & Buster's appears to be in a crisis of its own, not unlike the Global Financial Crisis of the time. Which raises the obvious question: is this a breakdown or an opportunity? It’s been over six months since my last coverage. With earnings scheduled for the end of the month, I got back up to speed on the company, looking for a possible contrarian play or a chance to start a position. That said, I'm still neutral. I'd really like to see clearer proof that the company’s operational reset is actually leading to steady customer demand and more reliable, long-term profitability before getting bullish. Dave & Buster's: Pressing Start on Eat-Drink-Play Again Comparable store sales , Q3 months (Aug–Sep): weaker and contributed to the -4% quarterly comp October: improved to about -1% November: similar to October (-1%). The last quart...
Moscow appears to step up spring offensive amid concerns international focus on Iran war leaves Kyiv more vulnerable Russia has launched a fresh wave of missile and drone strikes on civilian areas across Ukraine, killing at least five people, as Moscow appears to be stepping up a spring offensive intended to break Ukrainian resistance along the front. Moscow fired nearly 400 long-range drones and ...
Moscow appears to step up spring offensive amid concerns international focus on Iran war leaves Kyiv more vulnerable Russia has launched a fresh wave of missile and drone strikes on civilian areas across Ukraine, killing at least five people, as Moscow appears to be stepping up a spring offensive intended to break Ukrainian resistance along the front. Moscow fired nearly 400 long-range drones and 23 cruise missiles overnight, Ukraine’s air force said, marking one of the largest attacks in weeks after a relative lull. Continue reading...
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
"Awful News": Nintendo Shares Get 'Donkey Konged' After Switch 2 Production Cut Nintendo shares in Tokyo tumbled overnight after Bloomberg reported that the gaming company has slashed production of the Switch 2 handheld amid soft holiday-season demand and underwhelming U.S. sales. *NINTENDO CUTS SWITCH 2 OUTPUT BY OVER 30% ON WEAK HOLIDAY SALES wait, wasn't this thing supposed to be as popular as ...
"Awful News": Nintendo Shares Get 'Donkey Konged' After Switch 2 Production Cut Nintendo shares in Tokyo tumbled overnight after Bloomberg reported that the gaming company has slashed production of the Switch 2 handheld amid soft holiday-season demand and underwhelming U.S. sales. *NINTENDO CUTS SWITCH 2 OUTPUT BY OVER 30% ON WEAK HOLIDAY SALES wait, wasn't this thing supposed to be as popular as chatgpt? — zerohedge (@zerohedge) March 24, 2026 Nintendo is expected to produce 4 million Switch 2 units instead of the originally planned 6 million, with the lower production rate expected to continue into the second quarter. Despite a record June 2025 launch and 17.37 million units sold since release, management appears disappointed that momentum and hype for the Switch 2 have faded. Japan has held up better than overseas markets, helped by a cheaper domestic-only variant, while U.S. demand has been soft. " This hardware shortfall in its first year, during its big holiday season, is awful news ," Asymmetric Advisors analyst Amir Anvarzadeh wrote in a note. Sources noted that the output reduction should not affect Nintendo's ability to meet the average Wall Street analyst estimate of about 20 million Switch 2 units sold in the fiscal year through this month. A soft U.S. market is yet another concern for Nintendo, as soaring memory chip costs squeeze margins and may force a price hike that could further crimp consumer demand. Related: Nintendo Profit Misses As Soaring Memory Prices Could Become Major Headache The lack of a robust software pipeline has failed to energize consumers. Anvarzadeh said, "Clearly, the software lineup has been poor, at least until most recently, with Pokémon showing some hope. " The market reaction in Tokyo was negative following the BBG report, with shares closing down nearly 5%. For the year, shares are down 15.2% and nearly 39% from the peak in late summer 2025. The big takeaway is that Nintendo is not facing a launch failure, but it is struggl...
He’s done it again. The convicted sex offender, creator of victims, has gone and created another one – himself I see Huw Edwards is still not the subject of any of his verbs. The BBC’s former iconic newsreader (trademark: Huw Edwards) has emerged from a minibreak in the wilderness to excoriate Channel 5’s forthcoming dramatisation of his downfall. “Mental illness is misunderstood by many but can n...
He’s done it again. The convicted sex offender, creator of victims, has gone and created another one – himself I see Huw Edwards is still not the subject of any of his verbs. The BBC’s former iconic newsreader (trademark: Huw Edwards) has emerged from a minibreak in the wilderness to excoriate Channel 5’s forthcoming dramatisation of his downfall. “Mental illness is misunderstood by many but can never be an excuse for criminality,” Huw informed the public , the overwhelming majority of whom are already well across this particular point. “It can, however, at least help explain why people sometimes behave in shocking and reprehensible ways, and why things fell apart for me in the way they did.” Fell apart because of you, I think you’ll find. Anyway, there was a lot more of Edwards’s lengthy statement. “I have been open about my struggle with persistent mental illness over a period of 25 years,” he continued. “What is less well known is the severity of that condition, which was managed successfully until the downward spiral which led to an appalling outcome.” Again, note the tragic passivity of “an appalling outcome”, as though a flow chart and not a person has led us somewhere we’d very much rather not be. Marina Hyde is a Guardian columnist Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here . Continue reading...
(RTTNews) - MongoDB Inc. (MDB), a software company, on Tuesday, announced that outgoing Chief Revenue Officer Paul Capombassis will support the transition through the second quarter.
(RTTNews) - MongoDB Inc. (MDB), a software company, on Tuesday, announced that outgoing Chief Revenue Officer Paul Capombassis will support the transition through the second quarter.
Key PointsOpaleye Management Inc. disposed of 198,572 shares indirectly across two days, with a transaction value of roughly $7.8 million based on weighted average prices of $39.15 on March 3 and $39.67 on March 4.
Key PointsOpaleye Management Inc. disposed of 198,572 shares indirectly across two days, with a transaction value of roughly $7.8 million based on weighted average prices of $39.15 on March 3 and $39.67 on March 4.
Pulido has been a mainstay of Tejano music —a genre blending traditional regional Mexican elements with country, pop and conjunto influences — for more than three decades. (Image credit: Bloomberg/Bloomberg via Getty Images)
Pulido has been a mainstay of Tejano music —a genre blending traditional regional Mexican elements with country, pop and conjunto influences — for more than three decades. (Image credit: Bloomberg/Bloomberg via Getty Images)
jetcityimage/iStock Editorial via Getty Images Carvana ( CVNA ) had looked a "stretched valuations versus fundamentals" case when it was trading at the highs pre-Q4 results. With a close to 35% correction since, the conclusion is not as straightforward now, combining valuations with operating trends. The stock remains heavily dependent on EBITDA and Gross Profit per Unit (GPU) trends. EBITDA momen...
jetcityimage/iStock Editorial via Getty Images Carvana ( CVNA ) had looked a "stretched valuations versus fundamentals" case when it was trading at the highs pre-Q4 results. With a close to 35% correction since, the conclusion is not as straightforward now, combining valuations with operating trends. The stock remains heavily dependent on EBITDA and Gross Profit per Unit (GPU) trends. EBITDA momentum has shown a disruption, with adjusted EBITDA declining sequentially from ~$637m in Q3 to ~$511m in Q4 . Unless EBITDA momentum resumes, Carvana becomes a story that needs confirmation before a Buy. At the same time, the disruption does not appear to be demand-driven or a case of weak unit economics, though. Valuations have also compressed significantly. Overall, I pass Carvana at these levels and follow quarterly earnings developments for confirmation of the next trade. It is a Hold for now. A More Balanced Valuation Regime The forward EV to EBITDA ratio is now closer to ~15x, down from 25x-30x levels earlier, driven by both a decline in share price and a rollover of the forward year (higher forward EBITDA base). At these levels, the valuation does not look obviously stretched for Carvana's current earnings profile. These valuations were seen in 2024 when the stock was trading at ~$150 or lower. Data by YCharts The journey from $150 to above $400 was supported by consistent EBITDA expansion, which allowed the stock to sustain elevated multiples. That dynamic has now shifted. With EBITDA showing sequential decline, the multiple is no longer expanding ahead of earnings—it is now in a regime where it will react to them. Overall, the share price rally from $150 to around $300 now is mostly earned by EBITDA expansion since 2024 (valuations have reverted to similar levels). The excess valuation concerns have been removed. Data by YCharts At ~15x, the question is no longer whether the stock is expensive in absolute terms, but whether the current earnings base can continue to s...
Clear Harbor Asset Management CEO Aaron Kennon calls moves in the futures markets minutes before a social media post from US President Donald Trump sent crude prices tumbling and equities soaring, “highly suspicious.” (Source: Bloomberg)
Clear Harbor Asset Management CEO Aaron Kennon calls moves in the futures markets minutes before a social media post from US President Donald Trump sent crude prices tumbling and equities soaring, “highly suspicious.” (Source: Bloomberg)
Robin Energy ( RBNE ) on Tuesday said it is commencing a self tender offer to repurchase up to 1,000,000 shares of its common stock, along with associated preferred share purchase rights, at $3.00 per share. The offer, funded from cash on hand, will expire on April 23, 2026, unless extended or withdrawn. The company said the buyback reflects its assessment that repurchasing shares is in the best i...
Robin Energy ( RBNE ) on Tuesday said it is commencing a self tender offer to repurchase up to 1,000,000 shares of its common stock, along with associated preferred share purchase rights, at $3.00 per share. The offer, funded from cash on hand, will expire on April 23, 2026, unless extended or withdrawn. The company said the buyback reflects its assessment that repurchasing shares is in the best interest of shareholders given its cash position and stock price. RBNE is +24.54% to $1.37. Source: Press Release More on Robin Energy Financial information for Robin Energy
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
Brown Advisory, an investment management company, released its “Brown Advisory Mid-Cap Growth Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Strategy lagged the Russell Midcap® Growth Index in the fourth quarter due to stock selection. The performance was in line with expectations for the full year. The firm believes […]
Alex Cristi /iStock via Getty Images CrowdStrike ( CRWD ) continues to develop security solutions designed specifically to counter threats from AI-powered adversaries. AI-powered cyberattacks increased by 89% in 2025, according to a report by CrowdStrike. More than 90 organizations were exposed by their own AI development platforms as rogue actors inserted malicious prompts into their generative A...
Alex Cristi /iStock via Getty Images CrowdStrike ( CRWD ) continues to develop security solutions designed specifically to counter threats from AI-powered adversaries. AI-powered cyberattacks increased by 89% in 2025, according to a report by CrowdStrike. More than 90 organizations were exposed by their own AI development platforms as rogue actors inserted malicious prompts into their generative AI tools. In response, CrowdStrike has released three new products to counter AI-related breaches. This included Agentic MDR, Falcon Data Security, and new features within Falcon Cloud Security. Under Agentic MDR, CrowdStrike's security analysts build and orchestrate AI agents to automate high-friction security workflows and stop breaches at machine speed. "As AI-powered adversaries move faster than defenders can respond, security operations must accelerate beyond manual workflows to machine-speed defense," said Austin Murphy , VP & GM of CrowdStrike's Falcon Complete. "Agentic MDR combines elite human expertise with agents so our defenders can investigate and respond at the speed modern attacks demand." CrowdStrike is utilizing Nvidia's ( NVDA ) Nemotron models to further enhance its agents. The new features within Falcon Cloud Security identify cloud exposures most likely to be exploited and their root causes. "Cloud security isn't about generating more alerts; it's about understanding how risk forms and which exposures adversaries will actually target," said Elia Zaitsev , chief technology officer at CrowdStrike. "Our latest innovations are the industry's first to connect application behavior and adversary tradecraft into a single operating model, delivering the context and prioritization that teams need to eliminate noise and remediate critical exposures with speed and precision." Finally, CrowdStrike also introduced Falcon Data Security, which is designed to discover, classify, and secure sensitive data across endpoints, browsers, SaaS, cloud, and AI workflows. "AI has ...
The conflict in the Middle East could derail South Africa’s best economic start in a decade as higher food and fuel prices rein in the fledgling recovery in the continent’s biggest economy, the head of one of the nation’s top retail lenders said. “The war does actually put a damper back on growth,” said Harry Kellan , the chief executive officer of First National Bank, a unit of South Africa’s sec...
The conflict in the Middle East could derail South Africa’s best economic start in a decade as higher food and fuel prices rein in the fledgling recovery in the continent’s biggest economy, the head of one of the nation’s top retail lenders said. “The war does actually put a damper back on growth,” said Harry Kellan , the chief executive officer of First National Bank, a unit of South Africa’s second biggest bank by market value FirstRand Ltd. South Africa’s economy climbed 1.1% in 2025 — the fastest pace in three years — but lagged the International Monetary Fund’s estimate for 4.4% in the sub-Saharan region for last year. The nation’s expansion has averaged less than 1% annually for more than a decade. A credit upgrade by S&P Global Ratings, removal from the Financial Action Task Force’s dirty-money list and slower inflation were signs of a better trajectory. Momentum was expected to pick up as the government and private sector work to revive dilapidated water infrastructure and the state tries to intervene to help deeply dysfunctional municipalities that are unable to provide basic services. But the conflict that started on Feb. 28 has sent oil prices soaring and roiled equity and bond markets across the globe. The rand has lost 6.7% to the dollar since then, making it the worst-performing major and emerging-market currency in the period. The country’s benchmark stocks gauge is the worst globally in dollar terms , having declined 20%. “This year we were going from 1.3% GDP growth to further north of 1.5% and significantly toward 2%, and it would have continued going that way,” Kellan said. Read More: War Knocks Global Economy With Dual Shock to Growth and Prices South African Central Energy Fund data indicates the possibility of the largest monthly fuel-price increase on record set for April, which will stoke inflation concerns and knock consumer demand. Avior Capital Markets cut its forecast for growth in South African gross domestic product this year to 0.2% fr...