Fjord Finance Insights

Norwegian stock broker. Posting personal views and insights on the financial markets.

[Geiger Capital @Geiger_Capital]

Elon + Jensen flanking Trump…

Anthropic allllll the way at the far ends.

[Fjord Finance Insights @FjordCap]

@wallstengine You can get exposure to Nscale today through AKER NO (owns 22,7%)

[Audun Wickstrand Iversen @IversAudun]

Husker du alle ekspertene som har fortalt deg de siste to årene at USA sin økonomi og aksjemarkedet var ferdig, kaputt. Ødelagt. Resesjon. Alle ville selge alt. Kollaps.

Hvis ikke: søk i arkivene til NRK, VG og Aftenposten. Ikke meningsmangfold. En stemme. Lik. Ukritisk.

Tenk sjæl

[Fjord Finance Insights @FjordCap]

We are not even close to the pricing (on a PE basis) we saw before the dot-com crash.. Cisco, which was one of the most hyped large-cap names during the time, was priced up towards 200x PE (trailing) - NVDA, MSFT, META, TSMC, AMZN are all currently at below 30x (trailing..) GOOG is even at below 20x pricing...

[Fjord Finance Insights @FjordCap]

@TankerTrackers How much the last week?

[Norgesdemokratene @Norgesdem]

Ikke glem hvem som gjør dette.

ND vil ha drivstoffpriser under 15 kroner.

[Treasury Secretary Scott Bessent @SecScottBessent]

In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.

What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.

To reiterate: under @POTUS, the United States delivers for America’s trusted partners.

For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.

[Danny @DjokovicFan_]

Novak Djokovic in his documentary on why he refused the COVID vaccine:

"Because I didn't need it. Why should I get the vaccine? I'm healthy, I'm an athlete. I had corona. I had immunity. I wasn't a threat to anyone. There was no reason for me to get vaccinated. It's my freedom to choose which that fundamental right that you have as a human being on this planet — the freedom to choose — which was taken from a lot of people."

[Fjord Finance Insights @FjordCap]

@BambroughKevin @DonDurrett Especially the European central bank...

[Atlas Cloud @atlas_cloud_ai]

We all know the pain of choosing the right model. You have an idea, testing it one model at a time in ten different tabs, using a spreadsheet to track usable outputs.

Stop guessing and start building with Creator Central by Atlas Cloud. Model Explorer runs the same prompt across models and puts the results side by side, up to 10 at once. Start from a curated set or assemble your own.

With Wan3.0 coming shortly, we're dropping the price of Seedance 2.5 so creators can compare and choose the right model for their projects.

Create something now with our Generator templated workflow: Pick what you like and access the exact prompt and settings behind that result, ready for you to edit.

#AIVideo #GenerativeAI #VideoProduction #Seedance #Wan3

[Wall St Engine @wallstengine]

EU 🇪🇺 OPENS AI GIGAFACTORY TENDER

Brussels will select up to seven projects, backed by as much as €10B in EU and national funding and expected to attract at least €20B in private capital. Each facility will house at least 100,000 advanced AI chips, roughly four times the scale of current EU AI factories.

The sites will support training, fine-tuning and inference for frontier models while providing computing access to startups, industry, researchers and public agencies. Together, they are expected to more than double the capacity of Europe’s existing 19-factory AI network.

The formal tender follows 77 preliminary proposals covering 60 sites across 16 member states. The Commission also wants the projects to create predictable demand for European-designed AI processors and eventually support domestic chip manufacturing.

Bids close November 12, with awards expected in July 2027.

[Fjord Finance Insights @FjordCap]

2CRSi ($AL2SI) - the market is still rattled by the Grizzly report from June 18th. Even after confirming EUR 400m+ revenue for '25/'26 and keeping EUR 1bn revenue target for '26/'27, investors are in need of additional confirmation. Specifically, a firm order from a client for the Æther project would restore confidence in a proper valuation.

The company now trades at 16x last year's EBITDA (given 9% margin), and 6x on next year's (given 1bn revenue and 10% margins).

10x next year's EBITDA is reasonable, which yields 65% upside from today's share price.

[Norgesdemokratene @Norgesdem]

Utviklingen i Norge går baklengs.

Norgesdemokratene (ND) vil gjøre noe med det:

Full innvandringsstopp for ikke-vestlig migrasjon.

Remigrasjon av kriminelle og velferdsinnvandrere.

Ut av EØS/Schengen for nasjonal kontroll.

Kraftige skattekutt (skattefri inntekt under 500k).

Mer folkestyre via folkeavstemninger, og prioritering av norsk kultur og sikkerhet fremfor globalistisk sløsing.

Dette ville gitt Oslo tryggere gater, lavere skatter for vanlige folk og en by for nordmenn først.

Oslo preges fortsatt av utfordringer med kriminalitet, trafikkaos og manglende trygghet i sentrale områder.

Politiet har vært ute flere ganger på Jernbanetorget og Grønland-området med voldshendelser, mens trafikken står i kø på E6 og andre hovedveier.

Venstre- og byrådspolitikk har ført til et Oslo der ressurser går til symbolpolitikk og mangfold istedenfor å sikre vanlige nordmenns hverdag.

FrP, som har vært del av eller støttet borgerlige løsninger i bystyret, har ikke levert tilstrekkelig på kjerneområder som asfalteringsplaner, eiendomsskatt og innvandringskontroll – til tross for løfter.

Dette viser hvorfor etablerte «høyre»-partier svikter: de kompromisser for mye med eliten og globalistiske ideer.

[Nic Cruz Patane @niccruzpatane]

How @SpaceX landed their booster at sea for the first time vs. how China landed theirs for the first time.

There’s a 10-year difference between these two landings.

[Fjord Finance Insights @FjordCap]

@Firisis_ Given the dramatic share price reaction, it seems the market believes 2CRSi must raise capital for the Æther project...

[Fjord Finance Insights @FjordCap]

@Firisis_ Absolutely, we need a concrete order now

[Fjord Finance Insights @FjordCap]

@Firisis_ What is your take on the market reaction, sending the share down 7%?

[Fjord Finance Insights @FjordCap]

I struggle with the valuation. At management's own revenue targets of SEK 2,5bn revenue in 2030, which implies 12,6% revenue cagr, EV/EBITDA would be close to 20x on 2030 numbers, and that is assuming margins increase to 50% from current 40%. Personally I would say I would need to see at least 15x EBITDA on 2030 numbers which would imply 19% cagr, which combined with 50% margins are way ahead of consensus.

I always like it when consensus numbers are not pricing in much growth, and I do not know the company nor the respective market well enough, hence I would need confidence in believing massive growth and margin expansions in the years ahead.