I’m long $BRUN
Contracted backlog grew 12x in 6 months. Management is guiding to triple again by year-end. And they’re doing it FCF positive, while every major NeoCloud peer burns cash and you are selling over a misread lock-up structure??
I have to thank FinX for this FUD. Been watching since @mkfilko first flagged it more than a month ago. I’m finally in.
First, let me clear something up. Only 10% of locked shares unlock Monday – not all of them.
Straight from the S-4/A (Feb 13, 2026):
“The lock-up period shall not apply to 10% of each Seller’s shares” – meaning the $12 price trigger releases 10% of each seller’s position. The remaining 90% stays locked until November 8, 2026.
Out of ~54M locked shares, only ~4.88M are eligible Monday. The other ~43.9M don’t move until November.
Float goes from ~12.65M to ~17.5M. A 38.% increase. Not a 3x supply shock like some accounts have been claiming.
Now here’s what actually makes me bullish:
Contracted backlog: $120M Dec 2025. $360M April. $1.45B as of June 1. That trajectory is not normal.
The Thinking Machines Lab deal alone – $471.7M, 36 months, take-or-pay – covers 21% of their entire year-end TCV target in a single contract. The customer pays whether they use the GPUs or not.
NVIDIA Exemplar Cloud status on Blackwell. Fewer than 10 providers globally. NBIS is on that list. So is BRUN.
Dell signed a $1.44B purchase agreement and is financing the buildout through Dell Financial Services – aligned to customer contract timelines. No dilutive raises needed.
Founder Andy Karos built and sold a 13-datacenter operation to Galaxy Digital in 2020. Self-funded this one. Brought his old team. Holds a massive stake.
The real risk to watch is November 8 – when the remaining 43.9M shares become eligible. I’m planning for that, not this Monday.
Always thankful for a better entry to a great name, I love buying the FUD where the thesis remains intact.
I’m sizing in for a solid position on this gem.
Bullish NeoClouds
Bullish $BRUN
PS: No one bullies Monkei Boy but me <3
$brun guiding to FCF margin of 20% with arr at least tripling. $470MM ARR contracted for 2026, likely to exit closer to $800M. If they grow 2x next year (implying much slower growth ie conservative), the stock is like 10x FCF on 2027 exit rate.
Stock going much higher. Bought more today. $100 by year end seems realistic $200 next year
@burningbushcap
On vient de franchir le cap symbolique des 100 premiers investisseurs.
Vous êtes exactement 105 sur l'application. Alors déjà, merci pour ça.
Mais le plus fou, c'est que vous avez déjà généré un total de 443 923 points d'XP en gérant votre patrimoine.
Notre coach intégré a aussi tourné à plein régime avec 444 analyses IA lancées pour auditer vos journaux et vos portefeuilles.
Le pari de transformer la bourse en jeu vidéo est en train de se valider par les chiffres. Les gens n'abandonnent plus leur suivi et c’est déjà une mission réussite. 😁
Bonne soirée l’équipe ✌️
Every theme Im watching closely
Compute & Memory
CPU / Vera Rubin
HBM / NAND
Photonic memory
Packaging, Substrates & Test
Glass core substrates
ABF / InP substrates
Burn-in / testing
Photonics & Optical Interconnect
CPO
CPO testing
800G / 1.6T transceivers
CW lasers / ELS
SiPh foundry
InP epi
FAU
Power
SiC / GaN
800V
Power Semis
Transformers
Fuel cells
System & Infrastructure
Server integration
AI-Optimized Servers
AI Factory
AI Server Racks
Connectivity / IOT
6G Buildout
IOT
Physical AI
What themes am I'm sleeping on? maybe
Thermal / liquid cooling
Advanced packaging / hybrid bonding
Critical minerals (gallium, germanium, indium)
OCS and LPO / LRO
Grid and power generation
Shout out to @ParadisLabs for the inspo
Étude sur un thème très intéressant :
Surpris que $VPG ne soit pas cité
Tjrs très convaincu sur $AMBA et $OUST qui sont des acteurs indispensables.
Dans liste peut être que je vais me positionner sur $NOVT ou $ALNT.
Trust the process
@Firisis_ Quels actions sur l’énergie avez vous en vu pour régler ce problème ? @Firisis_@jarodjmnz ? Perso j’ai pris vistra et ceg mais je pense que y’a mieux ?
@Firisis_ Malgré les pertes d’ojd je reste positionné, peut être que c’est à la mode mais la réalité et que les entreprises et le monde entier aura besoin de l’ia et la robotique à l’avenir j’en suis sûr, moins de démographie, il reste que ça pour apporter la croissance, je reste convaincu