Out Fox The $treet

Update - Oct. 8, 2026  Cerebras plummeted mid-day as confusing information surfaced regarding the revenue reported by key client OpenAI. Prior reports had suggested that ARR jumped to $70 billion despite sites like TickerTrends suggesting ARR was actually around $50 billion.  Now the market is viewing OpenAI revenue as slipping by $20 billion, but the reality is such a discrepancy in whether a site is reporting the gross ARR that includes payments to partners (Microsoft, AWS) or the new ARR. The financial picture of OpenAI isn't different.  Cerebras fell all the way to $161 on the news despite no impact to the $20+ billion deal with OpenAI. Apparently, the AI lab is already up to $55 billion in net ARR. The stock had fallen over $40 from the SemiAnalysis headlines to the OpenAI ARR drama, yet business is full-speed ahead.  Original article posed on Sept. 30 Cerebras Systems is undervalued amid confusing financials, despite massive AI market tailwinds and a $25B RPO, ...

  Micron Technology is positioned for multi-year growth, driven by strategic customer agreements and surging AI-related memory demand. MU's SCAs now cover 35% of revenues through 2030, with $150 billion in RPOs and potential revenues up to $433 billion, if pricing holds. Physical AI and autonomous vehicles are set to drive the next memory demand cycle, with humanoid robots requiring up to 20x the memory of premium smartphones. The stock trades at just 6x FY27 EPS estimates and is poised for aggressive buybacks; MU offers upside as elongated cycles and constrained supply support elevated earnings. Micron Technology, Inc.  ( MU ) remains a stock difficult to hold long term due to the normal cycle products in the memory space. Micron is silly cheap based on projected earnings, but the logical investor  has to fear a reversion to the mean with memory prices collapsing when the AI cycle ends. My  investment thesis  remains Bullish on the stock after holding the $1,05...

Update - Sept. 24, 2026 Any dip on the Oracle Project Jupiter dip is just a buying opportunity. The demand for on-site power isn't slowing down and Oracle still has plans to deploy up to 3 GW of fuel cells with Bloom Energy. -Bloom Energy ( BE ) shares fall 5.4% pre-market Thursday after Oracle ( ORCL ) sent the developer of its Project Jupiter data center site a notice citing force majeure, Bloomberg reported; the project is designed to be powered by Bloom Energy fuel cells. -Oracle, down 4.5% pre-market, reportedly is seeking to protect itself ​from potential cost increases related ‌to the New Mexico project in New Mexico by sending the notice to developer ​Blue Owl. -Oracle is aiming ​to delay payments if ⁠Project Jupiter fails to come online in 2028 as planned, rather than exiting ​as the ​main tenant, ⁠according to the report. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » ...

  Rivian Automotive is positioned for aggressive growth, as R2 production ramps and demo drives surge. Q3 demo drives are on pace to nearly double Q2, signaling strong demand and supporting a delivery ramp to over 20,000 vehicles. RIVN's 2026 delivery forecast is 65,000–70,000 vehicles, still only 30% of its Normal, IL, plant capacity, with further upside from the Georgia facility. With a $23B market cap and potential $31B+ sales target for current production plans, stars are aligning for RIVN's rapid revenue expansion, including autonomy and VW software deals. Rivian Automotive, Inc. ( RIVN ) has big expansion plans, but the company needs R2 sales to ramp dramatically over the prior versions to be successful. The biggest risk is demand drying up long before the  company reaches goals to 10x production in the next few years and the strong R2 demo drives is a very positive indication. My  investment thesis  is ultra Bullish on the EV manufacturer still trading near th...

Update - Sept. 2, 2026 Palo Alto Networks with the solid beat as expected. The stock just has nowhere to go at this valuation, leading to the 9% dip following earnings. The cybersecurity company forecast a FY27 EPS of only $4.175 for only around 9% growth while the stock still trades at 78.5x EPS targets. The numbers just don't support the big rally.  -FQ4 Non-GAAP EPS of $1.02 beats by $0.04. -Revenue of $3.41B (+34.3% Y/Y) beats by $60M. These FY27 guidance numbers appear very low. -Next-Generation Security ARR of $11.075 billion to $11.175 billion, representing year-over-year growth of 22% to 23%. -Remaining performance obligations of $25.2 billion to $25.4 billion, representing year-over-year growth of 19% to 20%.   Original article posted on Aug. 29 Palo Alto Networks trades near all-time highs, with the stock valuation far outpacing business fundamentals and organic growth trends. PANW's organic growth slowed to ~14% in the last quarter, while EPS growth is muted due to ...

  USA Rare Earth is rapidly scaling a vertically integrated rare earths business, yet the market remains skeptical of its long-term profitability. The recent quarterly results weren't impressive, but the numbers aren't relevant; focus on operational milestones, customer pipeline, and magnet production ramp at Stillwater and future expansions. USAR's valuation appears compelling, targeting $1.85B adjusted EBITDA by 2030 and ~80% free cash flow conversion, with debt expected to be generally covered by 2030. The stock is cheap at about 3.5x adjusted EBITDA targets with dips down to the $15 range—great buying opportunities. USA Rare Earth, Inc. ( USAR ) is quickly building a rare earth powerhouse, but the stock market still isn't convinced of a profitable future. The company is early in the development process, leading to some confusion over financial  results. My  investment thesis  remains ultra bullish on the stock, especially back at the recent lows when the stock ma...

Joby Aviation is deeply undervalued at $7, despite strong progress toward eVTOL certification and air taxi launch. The potential $750M ATM capital raise, linked to the $500M Resonant Sciences acquisition, pressures the stock but adds a $100M+ revenue defense unit. JOBY is on track for a $2B revenue target by 2030, with near-term catalysts including eIPP services in Dallas-Fort Worth and Dubai. Certification delays and ongoing capital raises remain key risks, but current weakness offers a compelling buying opportunity. Joby Aviation, Inc.  ( JOBY ) appears to have a bright future, but the company can't stop making untimely capital raises. The stock trades at multi-year lows despite the progress towards eVTOL certification and air taxi  launch. My  investment thesis  remains ultra Bullish on the stock trading around $7, but Joby Aviation is unlikely to rally as long as the company constantly raises capital regardless of the stock price. Read the full article on Seekin...

  Firefly Aerospace Inc. trading at a discount to peers amid strong quarterly results and robust backlog growth. The Q2 backlog surged to a record $1.5 billion, supported by moon landing missions and Lockheed Martin launches, supporting a strong long-term growth trajectory. FLY's revenue guidance for 2026 remains $420–$450 million, with order timing causing quarterly volatility. The stock only trades at 4x 2028 sales targets, while rocket launch companies trade at multiples of this price. Firefly Aerospace Inc. ( FLY ) was an amazing gift on the dip back to support around $20. The space infrastructure company continues to pull large orders as Firefly expands manufacturing capabilities to ride the space race. My  investment thesis  remains ultra Bullish on FLY stock, which is trading at a discount to other rocket launch and space companies. Read the full article on Seeking Alpha. Disclosure: No position. mentioned. Please review the disclaimer page for more details

Update - Aug. 19, 2026 MODERNA, MERCK  MRNA  CANCER VACCINE SUCCEEDS IN PHASE 3, stock up nearly 150% to $153 mid-day trading. The stock is now up nearly 500% from where our research highlighted the potential benefits of a cancer vaccine.  - MRNA  and  MRK  say their personalized mRNA cancer vaccine, intismeran, combined with Keytruda slowed melanoma recurrence and spread in a late-stage trial. -The study was stopped at its first interim analysis after positive results, though detailed efficacy data have not yet been released.   Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Original article posted on Oct. 31, 2025 Moderna surged on reports of talks with a large biopharma for a potential partnership or buyout, despite trading at multi-year lows. MRNA's promising cancer vaccine data and surprising findings on mRNA Covid vaccines boosting cancer surv...

  Aurora Innovation faces intensifying competition amid slow scaling, with only 200 autonomous trucks targeted by end-2026. AUR's transition from TaaS to DaaS will boost margins but reduce per-truck revenue in 2027. The $14B market cap appears stretched given projected revenue ramp, ongoing dilution, and high cash burn through at least 2028. I remain neutral, seeing the stock range-bound ($4–$8) due to premium valuation, execution risks, and lack of compelling upside catalysts. In the blink of an eye, Aurora Innovation, Inc. ( AUR ) is already inundated with competition. The proclaimed autonomous trucking leader has been slow to launch services and the sector is quickly catching up. My  investment thesis  remains Neutral on the stock, though $6 could provide support for a bounce. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

  Rocket Lab Corporation boasts robust business momentum but trades at an aggressively high valuation, unsupported by Neutron rocket testing delays. The company announced a big $2.36B backlog with $1B+ in new contracts, highlighting the strong business climate in the space sector. RKLB’s planned $8B Iridium acquisition requires heavy equity issuance, adding dilution risk while integration and growth benefits remain years away. With a 50x sales multiple, 40% gross margins, and slowing pro forma growth, RKLB’s stock price remains disconnected from realistic growth and profitability timelines. Rocket Lab Corporation  ( RKLB ) remains a great example of a strong business mismatched with an aggressively priced equity valuation. Most investors view a stock trading in lockstep with revenue or earnings growth, but the current  valuation of Rocket Lab requires years of execution to warrant this price. My  investment thesis  remains bearish on the stock after the company ...

Update - Aug. 10, 2026 RUM Group with a huge start as an AI cloud company. The company has the assets for $3B+ of ARR next year. The stock is a gift here nearly flat in AHs after reporting the following numbers with Q2 results.  ~ Record Revenue of $40.4 Million up 61% YoY ~ ~   Closed Acquisition of Northern Data, Adding Approximately 250 MW of Unmonetized 2027 Targeted Capacity Representing a $3B+ ARR Opportunity ~ ~ Initiating Formal Guidance Beginning with Third Quarter 2026 Revenue Outlook of $87 Million to $93 Million ~ Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Original article posted on May30 Rumble Inc. is pivoting from video streaming to AI cloud services with the imminent Northern Data acquisition, targeting major AI compute opportunities. Post-merger, RUM expects a sales baseline of ~$425 million, driven by Tether commitments and GPU rental expansion, posit...

  SoFi Technologies delivered 41% YoY revenue growth, and record loan originations. The flywheel effect and SoFi Plus adoption drove robust member and product growth, providing a recurring revenue stream for the future. The fintech guided conservatively due to adopting the view of up to 2 Fed rate hikes this year versus original expectations of rate cuts. The stock is cheap trading at just 13x 2026 adjusted EBITDA targets while consensus estimates project strong growth into 2028, including 52% EBITDA growth this year. SoFi Technologies, Inc.  ( SOFI ) continues reporting amazing results, yet the stock is stuck 50% below the all-time highs. The fintech is firing on all cylinders regardless of guidance for more market-related headwinds in the  2H. My  investment thesis  remains ultra Bullish on the stock as the market is not accurately valuing SoFi based on the growth dynamics. Read the full article on Seeking Alpha.  Disclosure: Long SoFi. Please review the...

Archer Aviation remains out of favor despite major announcements on new product developments on top of the promising air taxi business. The new Halo autonomous VTOL, developed with Anduril, targets commercial payload transportation, opening up a new market opportunity. The eVTOL manufacturer is still progressing towards certification of their eVTOL, unlocking a massive order backlog. ACHR stock trades below $5 with a $3.5 billion market value despite defense sector stocks obtaining far higher valuations. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios.  Learn More » Archer Aviation Inc.  ( ACHR ) and the eVTOL space are so out of favor right now that a big announcement with a defense sector darling didn't generate a lasting move in the stock. The aerospace company is quickly  building a robust business pipeline outside the air taxi focus. My  investment thesis  remains ultra Bul...

Update - July 23, 2026 Mobileye probably needs new leadership with the stock back down to the lows, but the company is just getting further behind the robotaxi race with this leadership disruption. The company just announced the deal for the  cloud-enhanced advanced driver assistance system technology in select Stellantis N.V. (STLA) vehicles, starting in 2027, but the program involves Mobileye spending too much time on secondary tech, not robotaxis. -Mobileye ( MBLY ) founder Amnon Shashua has informed the board of his intention to step down as CEO upon the appointment of a successor, ending a 27-year tenure. -Mobileye’s board will hire an executive search firm to conduct a comprehensive CEO search. -Shashua has been offered the role of chairman once a new CEO is appointed. Original article posted on Jun. 17 Mobileye Global Inc. is entering the robotaxi market, launching a service in 2027 despite being late compared to established competitors. The ADAS company faces significant co...