The Fundamentalist

$NBIS, $IREN, $NVDA, $OSCR, $HIMS, $BMNR Bull

CEO and Co-founder, European investor interested in US markets
Fundamentals FTW

[The Fundamentalist @Funmentalist]

$ZETA Potential definitely there!!

So let me write a quick summary from my research about Zeta

My thesis on AI in general was always having as much 1st party data as possible and having a model that you can feed this data

This will be a gamechanger for many stocks not only $ZETA, for example $HIMS

They have access to the 4th largest data set after $META, $GOOG and $AMZN, which I did not know. This was a huge deal for me as it aligns with my AI thesis for successful AI businesses.

I will need to do more digging into Athena, but my first feeling is that this is definitely something that you need in new environment where everyone is just looking for quick answers in LLMs like ChatGPT, Gemini, Claude, etc.

So from the first glance, I see the MOAT, I see the logic behind their business model and overall rate it as interesting investment

I am more of a finance guy so I obviously need to feel that the numbers make sense

When I woke up today, I went through their Q1 results:

- Revenue $396M +50% YoY
- Adjusted EBITDA $66M +42% YoY
- FCF $42M +48% YoY
- GAAP net loss of -$13M

So results were great, I just thought they are already profitable on GAAP basis, more research needed there from my side

They RAISED 2026 quidance:

Revenue to grow 37% YoY
Adjusted EBITDA +43% YoY
FCF +43% YoY

What I really like is the increasing FCF margin now guided at 13%

Now the guidance for 2028:

Revenue: $2.3B + (23% CAGR)
Adjusted EBITDA: $573M + (25% margin)
FCF: $371M + (16% margin)

I LOVE THE INCREASING MARGINS

If software company can grow 23% and have 16% FCF margin you should definitely give it some premium

Right now $ZETA is trading at:

2.8x forward sales
21x forward FCF

In 2028:

2.2x sales
14x FCF

This is really low compared to other companies like Trade Desk, Salesforce, Adobe given the compounding growth and increasing margins

Summary: Definitely interesting company with reasonable MOAT

The problem I have is that I am not sure what multiple I would use for it. The current valuation definitely does not see the potential but would I give it 6-10x multiple not sure yet

Looking to agree/disagree with the retail bulls in the comments

@wealthmatica @TheRonnieVShow

Did not expect such a strong retail reaction to me looking to dive into $ZETA

[The Fundamentalist @Funmentalist]

@kerdoscapital Well in short term it does not work like that

[The Fundamentalist @Funmentalist]

$IREN be careful chasing this move

It is not something that will immediately result into some revenue so after algos finish the work it might get faded after market opens

[The Fundamentalist @Funmentalist]

$IREN immediately +6%

[The Fundamentalist @Funmentalist]

$HIMS from -5% to green, two times this week already

Probably nothing…

[The Fundamentalist @Funmentalist]

@kerdoscapital It adds immediately value to the company, not the stock

[The Fundamentalist @Funmentalist]

$HIMS soon

We will be retiring our families by then

[YodaStocks @YodaStockInvest]

When will investors realize that paying a Market Cap of only 6B for $HIMS is insane???

This company still has 100B+ MC potential.
Growth of 20%+ for the foreseeable future.
Ignore the noise and look at the future.

[The Fundamentalist @Funmentalist]

The fact that $MU is flat today, tells you a lot

[The Fundamentalist @Funmentalist]

Do not panic!

[The Fundamentalist @Funmentalist]

If we get more red days like this in a row, then this is exactly when retail usually capitulates

Institutions/market makers were winning this game way too many times, so I will be there to stop them

Let me remind you for today that nothing changed with your stocks/companies

Hold, if you really believe some stock add, revisit your thesis, say to yourself why you bought this company at first place

If we go red tomorrow, I will remind you again, don’t worry

[The Fundamentalist @Funmentalist]

If you feel uncomfortable today, you should do something differently

But zooming out will help you

Last 7 days:

$NBIS still +20%
$IREN still +10%
$HIMS still +11%
$NVDA still only flat
$SOFI still +4%

[The Fundamentalist @Funmentalist]

Yeah well, weakness across the board, but the whole move is gone

[The Fundamentalist @Funmentalist]

$IREN be careful chasing this move

It is not something that will immediately result into some revenue so after algos finish the work it might get faded after market opens

[The Fundamentalist @Funmentalist]

Remember when you chased names like $NBIS, $ZETA, $IREN, $OSCR and others?

And you said you would add if they pulled back

The time might come now, do not panic and execute on your strategy

Otherwise you are part of retail losing to market makers again

[The Fundamentalist @Funmentalist]

Looks like market is tired of the Iran war and we are not ignoring oil around 100 anymore

[The Fundamentalist @Funmentalist]

$IREN

1) 5.8GW of secured power✅

2) Execution translating into AI revenue 🔜

This is how I am looking at this company, I said it multiple times. For me, the most important thing right now is seeing management execute in H2 2026

[The Fundamentalist @Funmentalist]

$IREN

Most important part from the whole announcement:

"Australia's grid targets reaching 100% net renewable energy by 2027, and the site benefits from submarine fiber connectivity into major regional demand centers including Singapore, Indonesia, South Korea, and Japan."

[IREN @IREN_Ltd]

IREN has announced a planned 800MW data center campus in Bundey, South Australia. 

This marks IREN’s first announced Australian data center project and one of the largest in the Asia-Pacific region announced to date.

Learn more: https://t.co/3bOYCUG3pk

[The Fundamentalist @Funmentalist]

$IREN immediately +6%

[The Fundamentalist @Funmentalist]

$IREN more details on the DC in Australia

I like the connectivity to other countries

great great great

[The Fundamentalist @Funmentalist]

$IREN more details on the DC in Australia

I like the connectivity to other countries

great great great

[Hardik Shah @AIStockSavvy]

📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $IREN IREN Secures Transmission Deal for 𝟖𝟎𝟎𝐌𝐖 AI Data Center Campus in Australia

👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬:

➤ IREN signs transmission connection agreement for an 𝟖𝟎𝟎𝐌𝐖 data center campus in South Australia.

➤ Bundey project will connect via four 𝟑𝟑𝟎𝐤𝐕 feeder exits with no network upgrades expected.

➤ Campus is on track to begin 𝐞𝐧𝐞𝐫𝐠𝐢𝐳𝐚𝐭𝐢𝐨𝐧 from 𝟐𝟎𝟐𝟖.

➤ Site benefits from 𝐬𝐮𝐛𝐦𝐚𝐫𝐢𝐧𝐞 𝐟𝐢𝐛𝐞𝐫 links to Singapore, Indonesia, Japan, and South Korea.

➤ Project marks IREN’s first announced Australian data center and one of APAC’s largest.

➤ Expected to create 𝟓𝟎𝟎+ construction jobs and over 𝟐𝟎𝟎 ongoing skilled positions.

➤ Targets surging 𝐀𝐈 𝐜𝐨𝐦𝐩𝐮𝐭𝐞 demand across the Asia-Pacific region

[The Fundamentalist @Funmentalist]

$IREN HERE WE GO

We are entering Australia guys

This is huge because $IREN can take over the whole country

But sure they have no plan and they are going to 0

[Bitcoin Mining Stock @miningstockinfo]

.@IREN_Ltd Signed a transmission connection agreement for an 800MW data center campus in Bundey, South Australia 🏗️, securing a high-voltage connection at a utility substation for 2028 energization with submarine fiber to Asia-Pacific markets. ⚡ $IREN

[The Fundamentalist @Funmentalist]

@HHeyyArnoldd Not angry at, all you can read my posts from today, admitting that it looks interesting

[The Fundamentalist @Funmentalist]

Serenity surprised $SIVE is -15%

I will give you a hint

OVERVALUED, SPECULATIVE

GOD, I HATE THIS GUY

He has insane picks, do not get me wrong

Insane calls, but no one is above God, not even him

He feels like some kind of genius because every pick goes up, guess what? If you have 400k followers and you talk about a $500M market cap stock, it will go up together with you pumping in cash

[The Fundamentalist @Funmentalist]

What I really dislike about $SIVE is that I do not see any direct numbers right now on how they will translate that backlog into real revenue

Management is not really the type of "underpromising and overdelivering."

On the other hand, potential is growing and growing now with $NVDA

[The Fundamentalist @Funmentalist]

You know what is the most important about this? $HIMS

This is before the Eucalyptus acquisition

It serves more than 850k customers, imagine the graph if only half of these customers take a look at what $HIMS is offering

More web traffic -> more data -> closer and closer to the thesis playing out