Tannor Manson

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[Tannor Manson @Futurenvesting]

4 years in the making. The $SOFI interview is here.

We sat down with CEO @anthonynoto to ask the questions retail investors have been asking for.

We didn't hold back:
• Capital Raises & SoFi's Valuation
• "Sandbagging" Guidance
• The Future of Loans (Home & Personal)
• Crypto, Smart Card, & Payments
• International Expansion
• Big Business Banking
• Artificial Intelligence in Banking
• And the big one: Are you buying the stock?

You don't want to miss this one.

[Tannor Manson @Futurenvesting]

$SOFI CEO Anthony Noto just bought another 13,888 shares of SOFI at a total cost of ~$250,000.

[Tannor Manson @Futurenvesting]

$SOFI CEO Anthony Noto just bought 15,878 shares of SOFI at a total cost of ~$250,000.

[Tannor Manson @Futurenvesting]

SpaceX $SPCX just surpassed Microsoft $MSFT in market cap to become the 4th largest company in the world.

[Tannor Manson @Futurenvesting]

Is SpaceX $SPCX really going to be worth more than Microsoft $MSFT today?

Macrohard > Microsoft?

[Tannor Manson @Futurenvesting]

@YNWA_AB I don't own enough $NVDA

[Tannor Manson @Futurenvesting]

OpenAI is reportedly in advanced talks to lease a massive 10GW AI data center campus in Ohio, according to The Information.

The project could cost over $500B+ when fully built out, with Nvidia potentially providing credit support and OpenAI using Nvidia hardware.

OpenAI, Nvidia, and SoftBank may be moving toward one of the largest AI infrastructure buildouts ever.

As a reminder, this is only ONE AI lab, and they are exploring buildouts of 10-GW data centers... (equal power to roughly ~7.5m American homes per year!)

This is the exact opposite signal we saw from the reported delays at Crusoe's data centers. Very bullish!

[Tannor Manson @Futurenvesting]

@MPennacchi87214 just look at the revenue and profits...

[Tannor Manson @Futurenvesting]

Every time I see Revolut raise money, I can't help but compare it to $NU.

Fintechs in multiple geographies, with holistic product offerings, are expanding quickly and becoming a real threat to the incumbents in their regions.

HOWEVER, Revolut has less revenue, same growth rate, less profit, lower margins, arguably the same TAM, and DOUBLE the valuation!

Private markets have not felt the crunch that public markets are feeling, which leaves a lot of opportunity for investors who are following the fundamentals.

[Marcel van Oost @oost_marcel]

@Revolut is reportedly targeting a $𝟭𝟭𝟱 𝗕𝗜𝗟𝗟𝗜𝗢𝗡 valuation in a share sale that could reach $𝟮 𝗕𝗜𝗟𝗟𝗜𝗢𝗡, up nearly 50% from its $75 billion valuation less than a year ago 🤯

Just days after reports emerged that Revolut could be valued at up to $115 billion, more details are starting to come out.

According to The Information, Revolut is targeting at least $750 million in a secondary share sale: https://t.co/VnOtSgLY1a

But investor demand is reportedly already strong enough to increase the transaction size to as much as $2 billion.

A few other details that stood out:

• The proposed valuation is $109 billion ($115 billion fully diluted)
• That’s almost 50% higher than Revolut’s $75 billion valuation last year
• Several investors are reportedly considering checks of $100 M+
• Existing investor Glade Brook is expected to lead the transaction
• Revolut still says an IPO is unlikely before 2028

Meanwhile, Revolut continues to grow at an incredible pace:

• Revenue: $6 billion (+46%)
• Pre-tax profit: $2.3 billion (+57%)

If completed at this valuation, Revolut would become Europe’s first “centicorn”, a private tech company worth more than $100 billion.

Not bad for an 11-year-old FinTech company.

Do you think Revolut can justify a $115 billion valuation?

[Tannor Manson @Futurenvesting]

@marbel2019 What part? I know $NU very well.

[Tannor Manson @Futurenvesting]

@RCK1980 Who cares, you don't get paid from markets, you get paid from customers, NU has 135m customers

[Tannor Manson @Futurenvesting]

@Kenmegan44 @anthonynoto @SoFi @DataDInvesting SoFi powers Greenlight's debit card program.

So in some way, they are partners

[Tannor Manson @Futurenvesting]

@jbsimplechart @FunOfInvesting Happy to if Tevis wants to

[Tannor Manson @Futurenvesting]

@FreeCacheFlow @FunOfInvesting Exactly

[Tannor Manson @Futurenvesting]

@Freddy__Thomas @FunOfInvesting Not necessarily because they are both completely booked out for multiple years. So more optionality only matters when you can service more customers

[Tannor Manson @Futurenvesting]

Coreweave has a massive software layer; look at SUNK as an example. CoreWeave software is so good that they are selling it to other clouds.

They are just prioritizing security and don't do multitenancy because their customers don't need it, they are huge and not buying GPUs by the hour.

I like them both, but you're assuming bare metal means bad... That's not true. Coreweave is so much faster than Nebius in Semianalysis benchmarks, and that's why they are rated higher. So no, one is not better; they are just better for smaller, shorter-term customers.

[Tannor Manson @Futurenvesting]

Upstart originations keep accelerating $UPST

May originations hit $1.453B, up 52% y/y. Roughly $58.2M per day.

The recovery in lending volume continues to look real, and the chart shows a clear trend back toward growth.

[Tannor Manson @Futurenvesting]

@NetWorthNotes Where?

[Tannor Manson @Futurenvesting]

This is up from the current $50b - $60b for $NVDA 1 GW data centers.

[Tannor Manson @Futurenvesting]

Nvidia $NVDA CEO Jensen Huang just said future data centers will cost $80b - $100b per Gigawatt...

[Tannor Manson @Futurenvesting]

@babtomorri 😂😂

[Tannor Manson @Futurenvesting]

First reported company to receive an $NVDA Vera Rubin NVL72 was CoreWeave $CRWV, earlier than expected (May)!

[Michael Dell 🇺🇸 @MichaelDell]

We have the first @DellTech + @nvidia Vera Rubin NVL72 @CoreWeave. Here we go! 🚀