Out Fox The $treet

Update - May 20, 2026 Nebius is paying $2.6B for energy supplies over the next 10 years via systems from Bloom Energy, but isn't clear on how much Bloom Energy collects since it's only installed capacity of 328 MWs. The chart looks challenged here failing to top the recent highs.  -Bloom Energy (BE) up 10.9% in Wednesday's trading after artificial intelligence infrastructure provider Nebius (NBIS) disclosed it entered into a fuel cell capacity agreement with the company worth as much as $2.6B in total monthly services fees. -In a 6-K filing, Nebius (NBIS) said on May 14 it entered into a master fuel cell capacity agreement and related system orders with Bloom Energy (BE) in which it will purchase the capacity and associated electricity generated by the power supply systems, and Bloom will install, operate and maintain the power supply systems. -The power capacity being provided under the agreement is expected to come in three phases, each with a supply term of 10 years, and...

Update - May 7, 2026 Still blown away that the 2026 revenue target isn't even 50% of the revenue potential of the 2,000 delivery robots placed in service at the end of 2025, much less the opportunity to expand and the addition of hospital robots. -Q1 Non-GAAP EPS of -$0.50 beats by $0.01. -Revenue of $3M (+581.8% Y/Y) misses by $0.03M. -The Company is reaffirming its 2026 financial guidance of approximately $26 million in full year revenue (consensus at $25.99M); and 2026 Non-GAAP operating expense of $160 to $170 million. Serve Robotics only reported Q1 daily active robots at just 812. The company was only running at 40% capacity.  Original article posted on March 11 Serve Robotics Inc. remains in early-stage scaling, with 2,000 robots deployed but Q4 revenue at only $0.88 million. SERV's current per-robot revenue is $1,185 per quarter, far below the $7,500 needed to meet its $60–80 million annual revenue goal. Management guided to only $26 million in 2026 revenue, significant...

  Super Micro Computer continues to see robust AI demand and innovative infrastructure products outweigh recent internal and external controversies. SMCI posted a revenue miss in FQ3'26 due to data center delays but exceeded earnings targets, with gross margins rebounding to 9.9% (10.1% non-GAAP). Management maintains FY26 revenue guidance near $40 billion and is rapidly expanding manufacturing capacity, targeting far over $100 billion in annualized output. The stock only trades at ~10x conservative EPS targets with a base case for far higher EPS targets based on the revenue capacity and normalized gross margins. Super Micro Computer, Inc.  ( SMCI ) has been in the hot seat the last couple of years due to internal and external employee actions, but the company always seems to come out strong. Due to overwhelming AI demand and compelling AI  infrastructure products, customers appear to quickly move beyond ethical concerns. My  investment thesis  remains ultra bul...

Update - May 7, 2026 CoreWeave reports backlog surges to nearly $100 billion. Solid quarter, but the neocloud remains in the early phases of growth. CoreWeave has plans to grow 8x by 2030 with 8 GW of power versus only 1 GW to end Q1.  The stock has finally rallied off the lows, but the stock still has plenty of resistance above $140.  Update - April 9, 2026 CoreWeave could have a backlog approaching $90 billion now after signing a new $21 billion deal with Meta Platforms. The neocloud guided to Q1'26 revenue of up to $2 billion, so the backlog starting point is $85 billion plus what additional unannounced deals contribute to the backlog.  -CoreWeave shares rose 7% in premarket trading Thursday after the company announced an expanded long-term agreement with Meta Platforms (META) to provide AI cloud capacity through December 2032, valued at about $21B. -The deal builds on an existing partnership and will support Meta’s AI development, with the company using CoreWeave’s pl...

Joby Aviation accelerates progress with the U.S. eIPP program, de-risking FAA certification delays. The company was approved for 5 programs covering operations in 10 different states, setting up Joby for rapid expansion on FAA certification. Joby Aviation has manufacturing plans for nearly 50 aircraft in 2027 with a production value of $250 million, depending on how the company utilizes the aircraft. The stock is far more appealing after the 50% dip since the 2025 highs and another capital raise for a pro forma cash balance of $250 million. Joby Aviation, Inc.  ( JOBY ), is now full-speed ahead with the eIPP (eVTOL Integration Pilot Program) in the U.S. The eVTOL manufacturer now has the opportunity to prove out the air taxi thesis without waiting on  the FAA certification to ramp up operations and plans for 2027. My  investment thesis  is ultra Bullish on the stock after this dip back to only $9. Read the full article on Seeking Alpha.  Disclosure: No position...

Update - Apr. 9, 2026 Palantir investors that didn't sell the stock at $200 face a precarious cliff at $130 here. The stock still trades at 40x forward sales and not much support down until $50.  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 Feb. 16 Palantir Technologies has already fallen substantially due to enterprise AI software stocks factoring in AI risk. PLTR reported impressive 70% growth in Q4, but the stock traded at over 100x sales at the peak. Claude Code from Anthropic is suddenly an AI threat due to coding skills, while the company is now bigger than Palantir. The stock still trades at 43x forward sales, while premium software stocks in IGV trade at less than 10x forward sales. Not long ago,  Palantir Technologies, Inc.  ( PLTR ) appeared invincible. The stock soared to nearly $210, and investors appeared unconcerned about val...

Updated - April 1, 2026 Snap was insanely cheap at $4. Not sold on selling off the Specs biz, but think an activist can push management to do more, such as hike subscription prices. Irenic appears more focused on taking $500M in savings from Specs and repurchasing cheap shares.  -Irenic, which has an economic interest of ~2.5% in Snap's Class A shares, wants the company to spin off or shutter its smart glasses business, Specs, according to a Bloomberg report on Tuesday, which cited a letter Irenic sent to Snap Chief Executive Officer and co-founder Evan Spiegel. The activist believes that moves Snap could make could boost its shares to more than $26 each. -The activist fund also wants Snap (SNAP) to rationalize its cost structure by cutting jobs and changing its compensation structure for employees, according to the report. Irenic also is pushing Snap to concentrate on adopting artificial intelligence to improve ad monetization. Irenic also recommends a stock buyback with the share...

  USA Rare Earth is aggressively ramping up production with government funding, targeting a vertically integrated rare earth supply chain. USAR's magnet and metal businesses are scaling rapidly, with sales forecast to reach $2.6 billion by 2030 and significant milestones in 2027–2029. The stock trades at less than 3x 2030 EBITDA targets, presenting a compelling long-term buy opportunity near yearly lows. The company faces execution and pricing risks, but current weakness offers attractive entry for investors willing to buy dips and sell sector-driven spikes. 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 » USA Rare Earth, Inc.  ( USAR ) is full-speed ahead now with government funding and plans to ramp up towards production in multiple areas. The rare earths miner and metal maker has been a solid buy  at the lows of the last year below $15. My  investment thesis ...

    Palo Alto Networks, Inc. faces valuation pressure from AI-driven competition and slowing organic growth despite platformization efforts. Recent large acquisitions—CyberArk and Chronosphere—signal gaps in PANW's platform strategy and introduce integration risks. Organic revenue growth is decelerating, with FQ3 organic guidance at only 13% and legacy business showing signs of slowdown. PANW stock still trades at 41x FY27 EPS, with a $120 valuation target, reflecting AI risks and premium multiples. 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 » Palo Alto Networks, Inc. ( PANW ), has slumped back towards the yearly lows due to the AI threat. Even if AI doesn't replace cybersecurity, the threat will continue hitting the  valuation multiples  of the  stock. My i nvestment thesis  remains Bearish on the stock due to its expensive valuation compared to the ...

  American Airlines delivered a major Q1'26 guide-up, projecting revenue up 10% and a loss per share far better than consensus. AAL demonstrates resilience, absorbing $400M in higher fuel costs and outperforming expectations despite geopolitical and commodity headwinds. The airlines continues to drive the updated loyalty program towards $1.5B in additional pre-tax income by 2030, roughly double current levels. The stock trades at just 5x EPS targets that should reach $2, a valuation deeply discounted versus peers. In a major surprise,  American Airlines Group Inc.  ( AAL ) guided to far better than expected Q1'26 numbers. The airlines were expected to struggle this quarter due to the Iranian conflict and surging oil prices. My  investment thesis  remains ultra Bullish on the stock trading at the lows near $10 after dipping from $16. Read the full article on Seeking Alpha.  Disclosure: Long AAL. Please review the disclaimer page for more details. 

Update - Mar. 18, 2025 Tempus AI continues to slow to the lows below $50 now. The stock is tasty once the shake out is over.  Originally posted on Feb. 25 Tempus AI, Inc. has declined 50% from highs, now trading near support despite robust above $50, despite good Q4 results and strong organic growth. The AI precision medicine company delivered 33% organic growth with Diagnostics revenue expanding due to higher test ASPs. Concerns over AI replacement have pressured the stock, yet TEM's proprietary data and hospital network provide defensible moats. At 6.5x 2026 sales and strong contract retention, TEM stock appears undervalued; I am ultra Bullish and see current weakness as a buying opportunity. Tempus AI, Inc. ( TEM ) has seen the stock continue to slide over the last few months, leaving Tempus down 50% from the highs. The AI precision medicine company has seen the stock slip back to support in  the $50 to $55 range despite ongoing strong results, including a solid Q4 earnings...

Update - March 12, 2026 Rubrik reports FQ4  after the close. The current consensus is only 23% growth for FY27, so a guide up is likely. -Rubrik ( RBRK ) is scheduled to announce FQ4 earnings results on Thursday, March 12th, after market close. -The consensus EPS Estimate is -$0.11 (+38.9% Y/Y) and the consensus Revenue Estimate is $342.37M (+32.7% Y/Y) -------- FQ4 Non-GAAP EPS of $0.04  beats by $0.15 . Revenue of $377.68M (+46.3% Y/Y)   beats by $35.31M . FQ1 r evenue guidance of $365 million to $367 million vs consensus of $350.56M. FY27 revenue guidance of  $1,597 million to $1,607 million vs consensus of $1.58B. Original article posted on Feb. 12 Rubrik has declined over 50%, creating a compelling value entry for this AI-driven cybersecurity leader. RBRK's subscription ARR surged 34% in FQ3 2026 to $1.35 billion, with guidance for $1.44 billion by FY 2026 year-end. The stock trades at just 7x FY 2027 revenue and closer to 6x ARR, positioning RBRK as a top value...

Updated - March 11, 2026 Nebius has bounced back above $105 on the  NVDA  investment deal and strong earnings from Oracle. The neocloud stocks finally look ready for a breakout rally.  -Nvidia ( NVDA ) will invest $2B in Nebius ( NBIS ), and the two companies have formed a strategic partnership to develop and deploy the next generation of hyperscale cloud for the AI market. -Shares of Nebius jumped about 10% premarket on Wednesday, while Nvidia was largely flat. -The Dutch AI infrastructure provider said the partnership will help it deploy more than 5 gigawatts of Nvidia systems by the end of 2030. 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 Feb. 15 Nebius Group N.V. reported a strong ending ARR total, but the market is stuck focused on short-term revenue hiccups. NBIS is positioned as an AI cloud leader, suggesting strong long-term growt...

Updated - March 7, 2026 HIMS  closed up 40% in AHs on a surprise twist with  NVO  agreeing to a partnership.  Hims was a $30 last month and the stock trades at only 1x 2026 sales estimates of $2.7 billion.  -Novo Nordisk ( NVO ) is planning to sell its obesity drugs on the telehealth platform run by Hims & Hers Health ( HIMS ) as part of a partnership between the two firms, Bloomberg reported, citing a person familiar with the matter. -The companies are set to announce the deal as early as Monday, according to the person who sought anonymity, as the information is not yet public. -A spokesperson for the Danish drugmaker told Bloomberg, “We are always in conversation with companies that can help improve patient access to FDA-approved medicines for people living with chronic diseases. These talks happen on an ongoing basis.” HIMS was not available for comments outside regular business hours. Looking for a portfolio of ideas like this one? Members of Out Fox Th...