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  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...

Update - March 21, 2025 Quantum Day didn't go very well. Rigetti CEO appeared to double-down on current quantum technology not being very useful.  Original article posted on Mar. 19 Rigetti Computing, Inc. reported weak Q4 results, with revenues dipping YoY. Nvidia's Quantum Day at the GTC 2025 event could temporarily boost Rigetti's stock based on quantum computing hype. Rigetti's CEO continues to emphasize limited commercial sales in the near future, relying heavily on government contracts and R&D milestones for now. Investors should consider cashing out if the stock surges due to the Nvidia event, as true commercialization is still 5 years away. The quantum computing space could see a major pop on any announcements coming out of the Quantum Day at the  Nvidia  ( NVDA ) GTC 2025 event this week.  Rigetti Computing, Inc.  ( NASDAQ: RGTI ) just  reported  weak Q4 results  and investors should hone in on the actual prospects of the quantum busi...

IonQ continues to decline due to fading quantum computing hype and self-inflicted setbacks, despite impressive revenue growth from 2023 levels. The company guided to sequentially lower Q1 revenue and stopped reporting bookings, raising doubts about its ambitious $1 billion sales goal by 2030. CEO Peter Chapman's move to Executive Chairman and the decision to raise another $500 million have further shaken investor confidence. The stock still trades at a very expensive 65x forward sales. 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 » IonQ, Inc.  ( NYSE: IONQ ) continues to roll over as the quantum computing hype fades. Along with the Q4 earnings report, the company made several moves that were self-inflicted as far as reducing the hype. My  investment thesis  remains ultra-Bearish on the stock due to the massive valuation multiples, even after the stock has already fall...

  Unity Software's Q4 results showed progress, but the company still faces challenges, with 2025 being another transition year. The company reported mixed Q4 numbers with a 25% sales drop, but the strategic portfolio sales grew 4% YoY. Unity's new AI ad tech product, Vector, promises future growth, but the transition will impact revenues in the short term, leading to weak Q1 guidance. The stock is back up to ~7x forward EV/S targets, expensive for a company with limited to no growth. Unity Software Inc.  ( NYSE: U ) soared on Q4 results, but the software company didn't report the huge turnaround insinuated by the stock gain. The game engine company is poised for a turnaround, but the business still has a long  road ahead. My  investment thesis  remains Neutral on the stock, with 2025 being another transition year. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more deters. 

Update - Feb. 12, 2025 Upstart with a monster quarter, the stock probably heads to $100.  -Q4 Non-GAAP EPS of $0.26 beats by $0.30. -Revenue of $218.96M (+56.1% Y/Y) beats by $37.04M. -Transaction Volume and Conversion Rate: 245,663 loans were originated, totaling $2.1 billion, up 68% YoY and up 33% QoQ. Our Conversion Rate was 19.3%, up from 11.6% in Q4 2023. Original article posted on Jan. 07 Upstart Holdings saw a surge to $80 due to positive earnings but remains overvalued at $60 despite higher loan demand from Fed rate cuts. The AI lending platform's expansion into secured auto loans and HELOCs hasn't yielded significant growth in a huge disappointment, and the company is still struggling to turn a profit. UPST stock trades at 8x forward sales, limiting the attractiveness of Upstart. 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 » After urging investors to sell into strengt...

Update - Jan. 29, 2025 Meta with another big quarter, Q1 guidance was wonky though. Another big beat in the March quarter and Meta beats the current consensus estimates. -Q4 GAAP EPS of $8.02 beats by $1.26. -Revenue of $48.39B (+20.6% Y/Y) beats by $1.4B. CFO Outlook Commentary: We expect first quarter 2025 total revenue to be in the range of $39.5-41.8 billion vs. consensus of $41.62B. This reflects 8-15% year-over-year growth, or 11-18% growth on a constant currency basis as our guidance assumes foreign currency is an approximately 3% headwind to year-over-year total revenue growth, based on current exchange rates. Original article posted on Jan. 22 Meta Platforms, Inc.'s stock remains attractive due to AI and Metaverse opportunities, even after the stock's massive run in the last couple of years. The company has a massive catalyst in smart glasses with an aim to replace smartphones in the future, warranting Reality Labs' $17+ billion annual loss. The stock could reach $...

Update - Jan. 9, 2025 SoundHound AI still has plenty of downside. The stock valuation can't be justified above $4.  Original article posted on Nov. 13 SoundHound AI's reported growth is misleading; pro forma revenues actually declined 10% in Q3, revealing underlying business weaknesses. The Amelia acquisition contributed far more to revenue targets than originally suggested. Despite beating EPS estimates, SoundHound AI's adjusted EBITDA loss doubled, and the share count surged, inflating the market cap to nearly $3 billion. The stock's extreme valuation at 18x, 2025 sales targets is unjustified; it should revert to the $2-$4 range without clearer business performance. 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 » The original view on the Amelia deal was concerning, but  SoundHound AI  ( NASDAQ: SOUN ) rallied into earnings due to the strong reported growth rates. The...

Update - Dec. 13, 2025 Despite a better than expected quarter and Stitch Fix soaring on the results, the stock has actually dipped below the pre-earnings price of $4.60. Stitch Fix closed at $6.64 the day following earnings.  Q1 GAAP EPS of -$0.05  beats by $0.09 . Revenue of $318.81M (-12.6% Y/Y)   beats by $11.88M . The stock now hardly trades above the cash balance of $253 million. Stitch Fix should actually see the bottom in the current quarter with holiday sales around $300 million, though guidance was far above prior estimates.  Therealreal (REAL) has tripled this year after turning the online retail business around. The stock now trades at a massive premium to the forward EV/S model of Stitch Fix.  Original article posted on Sept. 25  Stitch Fix's FQ4'24 results show potential stabilization, but weak FY25 guidance and ongoing restructuring hinder immediate growth prospects. Despite promising enhancements like StyleFile and Fix Expansion, revenue guid...

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 » Updated - Dec. 4 indie Semi. got crushed from a convertible debt offering. The auto tech company didn't need the cash. This dip is insane.  -indie Semiconductor (NASDAQ:INDI) said on Monday that it plans to offer, subject to market and other conditions, $175M aggregate principal amount of its convertible senior notes due 2029, through a private offering to institutional buyers. -indie expects to grant the initial purchasers in the offering an option to purchase up to an additional $26.25 million aggregate principal amount of notes. Original article posted on Nov. 24  indie Semiconductor faced a tough 2024 but is poised for significant growth in 2025 and beyond, driven by EVs and AVs. The company has a strategic backlog of $7.1 billion, focusing on vision and radar for ADAS, in-cabin experience, and electrification. indie Semic...

Update - Dec. 2, 2024 Don't get this upgrade from Morgan Stanley. Cloudflare  is twice as expensive as SentinelOne  and the analyst chose to downgrade SentinelOne. -The analysts upped their rating on Cloudflare to Overweight from Equal-Weight as the firm believes there is a path to "sustainable" 25% to 30% revenue growth over the next few years, stemming from multiple product cycles, growing contribution of artificial intelligence at the edge and a fully ramped enterprise sales force. -"We think the stock sustains a premium valuation on higher estimates as growth remains stronger for longer," the analysts wrote. -new PT of $130.  Original article posted on Nov. 12 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 » Cloudflare has a strong business potential in AI and network security, with Q3 revenues up nearly 28% and $1.8 billion in cash. Despite a great quarter, Cl...

Snowflake Inc.'s stock surged post-FQ3 earnings but remains overvalued based on limited AI revenue and decelerating growth. The company is only targeting 23% YoY growth in FQ4 despite the investor excitement. The stock's rally is driven by AI hype and multiple expansions, pushing the valuation similar to pre-IPO Databricks with up to double the growth rates. Investors should consider cashing out of Snowflake due to downside risks on a stock trading at 15x FY26 revenues, especially as Snowflake's growth continues to point to decelerating. After a rough patch that saw  Snowflake, Inc.  ( NYSE: SNOW ) shares collapse over 50% from the yearly highs, investors came rushing back into the stock following a promising  FQ3 earnings report . The AI data company highlighted  some bright spots in the quarter to overcome past issues with data security. My  investment thesis  remains Bearish on the stock after the big rally back up to $175 and the related rich valuation....

  Arm Holdings' stock remains overvalued due to AI hype, despite only 5% YoY sales growth and limited AI chip market participation. The company's revenue growth is constrained by volatile license revenues and slow adoption of the newer Armv9 architecture, limiting significant royalty rate increases. Arm's massive margins and strong profits are overshadowed by a small revenue base and the need for substantial growth to justify current valuations. The stock trades at over 63x FY26 EPS targets, with a fair value below $100. 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 » ARM Holdings plc  ( NASDAQ: ARM ) continues to report mixed results in the AI chip race, while the company doesn't really participate as viewed by the market. The company just recorded a quarter where sales hardly grew YoY despite a big beat. My  investment thesis  remains ultra-Bearish on the stock,...

Update - Nov. 12, 2024 SoundHound reports after the close with the following expectations: Consensus EPS Estimate is -$0.07 (+22.2% Y/Y)  Consensus Revenue Estimate is $23.03M (+73.2% Y/Y The big growth comes from the Amelia deal, but the market typically latches onto the reported growth rate, regardless of whether the growth was organic. The stock has already surged to over $7.50 and a market cap of $2.7 billion despite recent guidance for 2025 revenues of $150 million, up from only $103 million prior to announcing the deal.  Original article posted on Aug. 9 SoundHound AI reported unimpressive results with minimal revenues, despite the hype surrounding automotive and restaurant AI voice deals. The acquisition of Amelia raises concerns due to its low valuation, debt assumption, and potential limited growth, distracting from existing opportunities. The stock will still trade at 12x 2025 sales targets, while Amelia will cut organic growth rates. SoundHound AI, Inc.  ( NASD...

Update - Nov. 8, 2024 MoneyLion appears headed straight back to $100 after a strong Q3. The fintech guided up Q4 revenue growth to 34%.   Original article posted on July 23 MoneyLion faces CFPB concerns over paycheck advances with a proposal for new interpretive rules. The financial regulator is focused on the high costs of employer-partnered earned wage products, allegedly not properly disclosed. MoneyLion's Instacash program has apparently been a big part of its growth. The stock trades at 6x EBITDA. After a massive snapback rally following a reverse split,  MoneyLion   ( NYSE: ML ) has again hit turbulence due to regulators. The fintech has reported strong numbers in the last year despite headwinds in the enterprise business. My  investment thesis  remains  ultra-Bullish on the stock, trading at a bargain-basement price after the recent dip. Read the full article on Seeking Alpha.  Disclosure: Long ML. Please review the disclaimer page for more det...