$NBIS up 8% today (it’s still our biggest position). Not sure if it’s up from the SemiAnalysis platinum grade OR some of the sell side notes today including an upgrade to “buy” at BNP. Here are the first 4 pages of BNP’s 24 page report. Fwiw, I’ve been in $NBIS since the $20s and even though the stock is up 10x from those buys, I’m significantly more bullish today because we know a lot more than we did 18+ months ago when I first started that position. It’s worth noting this analyst has $NBIS at $15 of EPS in CY2029 which is halfway between my base case model and bull case model, it’s also 2x higher than the current consensus numbers. IMO, $NBIS is executing better than anyone else right now and I suspect that continues. Management’s 3-5 year target for EBIT margins was 20-30% h
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