Lululemon 's (NASDAQ: LULU) balance sheet remains in pristine condition despite near-term headwinds. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
Lululemon 's (NASDAQ: LULU) balance sheet remains in pristine condition despite near-term headwinds. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
Stack Infrastructure Inc. , a data center company owned by Blue Owl Capital , is considering options including a sale of its Asia operations, according to people familiar with the matter. Denver-based Stack has been speaking with prospective advisers about a partial or full sale of the assets in Australia, Japan and Malaysia, the people said, asking not to be identified because the deliberations a...
Stack Infrastructure Inc. , a data center company owned by Blue Owl Capital , is considering options including a sale of its Asia operations, according to people familiar with the matter. Denver-based Stack has been speaking with prospective advisers about a partial or full sale of the assets in Australia, Japan and Malaysia, the people said, asking not to be identified because the deliberations are private. A transaction might be valued at more than $30 billion, some of the people said. Other infrastructure-focused funds and industry players might be interested in the business, the people said, adding that considerations are preliminary and no final decisions have been made. A representative for Blue Owl declined to comment, while Stack didn’t respond to a request for comment. Data center companies have drawn in investors, attracted by their close ties to the boom in artificial intelligence. The Asia Pacific has been a busy region for deals — Stonepeak Partners-backed Digital Edge is exploring a possible sale, people familiar with the matter said last week, while Bain Capital is working on a review of Bridge Data Centres, and Princeton Digital Group has tapped Goldman Sachs Group Inc. for what could be another multibillion-dollar deal. DayOne Data Centers Ltd. is considering an initial public offering in the US. Stack operates data centers in the Americas, Europe and Asia, its website shows. Alternative asset manager Blue Owl acquired Stack as part of its takeover of IPI Partners LLC last year. Stack expanded into the Asia Pacific in 2021, setting its regional headquarters in Singapore and targeting organic growth with landowners and property developers, as well as acquisitions. Stack was seeking a loan of around A$3 billion ($2.2 billion) to help accelerate development in Australia, people familiar with the plan said in February. In October, it closed a ¥39.7 billion ($253 million) green facility to expand its 36 megawatt campus in Inzai, near Tokyo.
Microsoft (NASDAQ: MSFT) is investing significantly in its proprietary chip technology. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
Microsoft (NASDAQ: MSFT) is investing significantly in its proprietary chip technology. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
AMD: Server CPU revenue surpasses Intel for the first time, potential market doubles to $120 billion, but the true GPU boom is still in the second half of the year. 富途牛牛
AMD: Server CPU revenue surpasses Intel for the first time, potential market doubles to $120 billion, but the true GPU boom is still in the second half of the year. 富途牛牛
The management team is increasing buybacks, in a sign that they think shares are undervalued. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
The management team is increasing buybacks, in a sign that they think shares are undervalued. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
The technology segment is a laggard for SoFi (NASDAQ: SOFI) . *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
The technology segment is a laggard for SoFi (NASDAQ: SOFI) . *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
Intel is a leading semiconductor manufacturer that long dominated the global CPU market but has faced challenges as competitors advance in AI and chip technology. Britannica
Intel is a leading semiconductor manufacturer that long dominated the global CPU market but has faced challenges as competitors advance in AI and chip technology. Britannica
Meta (NASDAQ: META) said it will spend an additional $10 billion on AI, above previous estimates. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
Meta (NASDAQ: META) said it will spend an additional $10 billion on AI, above previous estimates. *Stock prices used were the afternoon prices of May 3, 2026. The video was published on May 5, 2026. Continue reading
Getty Images Nova Minerals ( NVA ) is the stock that I have had a love-hate relationship with since October when I first wrote about it. At the time I really believed in their turning point story based on the Estelle Gold & Critical Minerals project in Alaska, the Port MacKenzie antimony refinery, RPM, and Korbel gold potential. Let's not forget the potential U.S. strategic backing. The company lo...
Getty Images Nova Minerals ( NVA ) is the stock that I have had a love-hate relationship with since October when I first wrote about it. At the time I really believed in their turning point story based on the Estelle Gold & Critical Minerals project in Alaska, the Port MacKenzie antimony refinery, RPM, and Korbel gold potential. Let's not forget the potential U.S. strategic backing. The company looked like a good play, and I rated it as a buy because it looked like the market started pricing in the antimony side and potential U.S. supply chain. However, the reality hit me hard, which is quite common when you invest in the mining sector. I admit my mistake with this one. Ironically, despite the fall in share price, the business itself got stronger. The biggest win was in fact $43.4 million in Defense Production Act financing for the antimony trisulfide supply chain. This capital was not dilutive and was the catalyst I was waiting for. The balance also looks better; they have around A$47 million in cash and access to more than A$89 million. However, my mistake was costly and was very simple. Permits, grants, and drilling results come at a cost. The market these days likes to sell the news, and dilution was inevitable. Financial Position Financials is exactly the place where most of the changes happened since my first article. Just H1 2025 results did not look good on profitability, to be fair, because the company had an A$11.26 million net loss compared to A$1.92 million a year ago. But the loss is not that important when we see that the company's activity clearly increased. In reality, buying it for financials would not be that great of an idea, because on the Lassonde Curve, the company is very young. So, that big change I mentioned earlier was liquidity. In 2026 the company had A$47 million in cash and another A$40.3 million remaining DoW grant financing, around A$2.1 million in liquid investments, and no debt. Meaning that the overall liquidity was around A$89.4 m...
bombermoon/iStock via Getty Images Dear Partners, Protean Small Cap returned 7.5% in April. The benchmark index rose 3.6%. Since launching in June 2023, the fund has gained 67.6%. The Carnegie Nordic Small Cap Index is up 26.5% in the same period. The hedge fund Protean Select returned 1.7% in April. It now manages 994m SEK. When the fund reaches 1bn SEK, we will announce closure for additional su...
bombermoon/iStock via Getty Images Dear Partners, Protean Small Cap returned 7.5% in April. The benchmark index rose 3.6%. Since launching in June 2023, the fund has gained 67.6%. The Carnegie Nordic Small Cap Index is up 26.5% in the same period. The hedge fund Protean Select returned 1.7% in April. It now manages 994m SEK. When the fund reaches 1bn SEK, we will announce closure for additional subscriptions. Protean Aktiesparfond Norden returned 3.9%. The benchmark index rose 5.4% Since inception, a little over a year ago, the fund is up 22.9%, and in the same period the VINX Nordic Cap index is up 18.9%. The fund now manages 1.9bn SEK. All figures are net of fees. This month's letter elaborates on the Rashomon effect: the concept made famous in Kurosawa's movie, how it's possible to view the same story from different viewpoints and come to opposing conclusions, and both (or all four, as is the case in the movie) be right. A quick mention of a new book. Some new additions and deletions from the funds. Plus, as always, commentary on the month's various winners and losers. Thank you for being an investor! // Team Protean Vend - The Rashomon Stock April 2026 • Written by Pontus Dackmo If there's a single position that embodies the Rashomon effect this month, it's Vend ((previously known as Schibsted)). Regular readers may recall our short case in the same stock from the October letter: network effects growing fragile, revenue growth dependent on ARPA hikes rather than volumes ((which presumed a behavioural stability we doubted)), management's dismissive tone towards AI disruption, and a stock at NOK 340 that priced in a potentially eroding durability. The stock fell 30%+ over the following months. Our witness was right. Case closed? Not so fast. In Kurosawa's film, the twist is that the same events genuinely look different depending on where you stand. And where we stand has evolved. Both we and the market have had time to digest the AI-impact, and our thinking has ev...
Eastern Institute of Technology, Ningbo, in Zhejiang province. Photo: IC photo Large-scale philanthropy directed at Chinese university foundations soared to record heights last year, surging past 12 billion yuan ($1.76 billion) on the back of massive concentrated gifts and private endowments. Total payments from large gifts — defined as single donations of 10 million yuan or more — hit 12.17 billi...
Eastern Institute of Technology, Ningbo, in Zhejiang province. Photo: IC photo Large-scale philanthropy directed at Chinese university foundations soared to record heights last year, surging past 12 billion yuan ($1.76 billion) on the back of massive concentrated gifts and private endowments. Total payments from large gifts — defined as single donations of 10 million yuan or more — hit 12.17 billion yuan in 2024, according to the 2024 Chinese University Foundations Large Donation Observation Report released by Mingshandao, a corporate social responsibility and philanthropy consultancy. The figure is roughly 2.3 times the 5.25 billion yuan raised in 2023, marking the highest level since systematic tracking began in 2015.