JackJackson
06-16

My take this week is straightforward: stick with AI momentum and follow where the strength already is.

$NEBIUS(NBIS)$  - buy zone around $240, high-beta AI infrastructure leader.

$IREN Ltd(IREN)$  - buy zone around $60, power + AI compute exposure still trending.

$CoreWeave, Inc.(CRWV)$  - buy zone around $90, core neocloud beneficiary.

$Qualcomm(QCOM)$  - buy zone around $201, AI edge + mobile cycle support.

$Oracle(ORCL)$  - buy zone around $192, cloud + enterprise AI monetization story.

This isn't random positioning—it's the ongoing AI capex wave expanding.

Missed moves usually don't announce themselves.

CoreWeave Surges 15% After Hours — Can That $104B Backlog Deliver?
CoreWeave +2.42% Tuesday, +15.37% after hours on earnings: revenue $2.575 billion, but the $104 billion backlog is what moved it. Nebius rode along, +4.95% in the session, with its own results due pre-market and Burry's short still intact — the sell side is split on which of the two carries better risk-reward. Longer-dated: Anthropic signed a 20-year compute deal with miner Riot, roughly $9.1 billion for 191 megawatts, up to $16.1 billion if every extension is exercised; Riot closed +4.33%. A backlog that size and a 20-year contract on one day — has compute visibility structurally lengthened?
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