⁠Investing visuals
Nebius $NBIS Q4 2024 👇

• Revenue of $38M (+466% YoY)
• EBITDA loss: ($76M)

Growth was primarily driven by +602% YoY growth in the core AI infrastructure business.

FY25 Outlook 🔭
Reaffirms that projected December 2025 ARR of $750M - $1000M is well within reach.
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⁠Stock Analysis Compilation
Artisan International Value Strategy on UBS Group $UBSG SW

Thesis: UBS Group is a well-capitalized European banking leader, undervalued in the market despite strong growth potential after acquiring Credit Suisse.

(Extract from their Q4 letter) https://t.co/qdAcirlDpg
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⁠Quiver Quantitative
Republican Representative Brian Fitzpatrick just implied that a bipartisan majority of Congress will act if the peace deal isn't fair to Ukraine.

"We will use every lever and every vote at our disposal, regardless of the personal or political consequences." https://t.co/EZaAlWDGnN
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⁠Quiver Quantitative
Wow.

We posted this report last week.

Alibaba stock has now risen 44% since the trade.

Up another 13% today after releasing earnings. https://t.co/8FcJtXU2wm
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⁠Startup Archive
RT @ShaneMac: Couldn’t agree with this more. I strive to create this environment for everything we build.

Naval Ravikant on the “single-most important indicator of an entrepreneur’s success”

Naval admits it’s very difficult to predict which startups will work—only 1 out of 10 of his angel investments succeed—but he has noticed a common trait among many of the great companies:

“The founders are in it for the long haul. And the way you see that evidence very early on. They are extremely deliberate about all kinds of small decisions. Stuff you might think that doesn’t matter… And what you realize is is it’s their nature to obsess over these things because they feel like like they’re laying the bricks and the foundation of a skyscraper.”

He contrasts this to entrepreneurs are more careless early on:

“The people who are flippant about things… they’re often signaling to you that they’ll sell the company the first chance they get, or the moment that it looks like they’re gonna run out of cash, they’ll shut down.”

He continues:

“So I think that long-term mentality is probably the single-most important indicator of an entrepreneur’s success. But it’s by no means the only thing. It’s a very competitive environment. Most startups fail. And so you just gotta stick with it.”

Video source: @StartupGrind (2013) - Startup Archive
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⁠Investing visuals
A gently reminder on volatile days like today☺️ https://t.co/stZnzF4Ndb
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⁠App Economy Insights
$BABA Alibaba Q3 FY25 (ending Dec.):

• Revenue +8% Y/Y to $38.4B ($0.1B beat).
• Operating margin 15% (+6pp Y/Y).
• Free cash flow margin 14% (-8pp Y/Y).
• Non-GAAP EPADS $2.93 ($0.27 beat). https://t.co/uxplfgKiSq
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⁠Read
RT @The_AI_Investor: Elon Musk explaining the engineering challenges that xAI faced when scaling up their massive 200,000 (NVDA) GPU cluster.

And they will make it a 1m GPU cluster.

https://t.co/8AESIW2j3b
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⁠Hidden Value Gems
Easy to get confused if you are just trying to predict the next market move. Got these two recommendations by Audible with seemingly opposite titles😅 https://t.co/tYV31ufGUA
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⁠App Economy Insights
$WMT Walmart Q4 FY25 (ending January):

• Revenue +4% Y/Y to $180.6B ($1.6B beat).
• Non-GAAP EPS $0.66 ($0.01 beat).
• Walmart US comp sales +5%.
• E-commerce +16% Y/Y.
• Advertising +29% Y/Y.

FY26 Guidance:
• Net sales +3%-4% Y/Y to ~$698B ($7B miss). https://t.co/YfUVc8vQX7
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