Nebius $NBIS rallies 34% after crushing Q2 earnings. Revenue: US$582M (+454% YoY) EPS: -US$0.12 (beat analyst estimates of -US$0.82) Adjusted EBITDA: turned positive at US$236.2M (up from a US$21.0M loss a year earlier) ARR: US$3B as of end of June “We could sell our entire 2027 capacity on these terms today. We are deliberately not doing so because we see higher value in retaining some capacity for immediate customer needs,” CEO Arkady Volozh.

SK Hynix, the world's biggest producer of high-bandwidth memory, is now tradable on Wall St: $SKHY

Rewind the last financial year with Stake Stocktake 📈 and revisit first trades, portfolio performance and more.

Big Tech has a new margin king: $MU

Paladin’s history is volatile. Its share price rode the 2007 uranium boom, plunged after Fukushima and entered administration in 2017. Now, after years of restructuring, 
it’s staging a comeback. Production has restarted, revenue is returning and it has a much cleaner balance sheet than its previous cycle. Now uranium stocks are back on investors’ screens. Rising power demand, energy security concerns and AI-driven electricity needs are reshaping the outlook. Paladin Energy has emerged as one of the market’s most direct, high-leverage ways to play the theme. Investors have already piled in. Paladin shares have surged around 132% over the past year. The move signals strong belief in the nuclear story. But also raises the question of how much upside is already priced in. Today, Paladin’s story largely centres on one mine: Langer Heinrich in Namibia, its only producing asset. After years offline, this is where production has restarted. But the entire near-term story depends on this single operation delivering. Global governments are backing nuclear again, while uranium supply remains tight and geopolitically sensitive. That actually supports prices – and Paladin has high exposure to spot uranium, meaning it benefits more 
than most if the market stays strong. Paladin is one of the ASX’s only uranium pure-plays. But having only just started generating revenue again, it’s not low risk. After a big run, investors are now relying on strong uranium prices and smooth execution. The opportunity is clear – but so is the volatility. --- Not financial advice. As always, please do your own research.

Netflix beat earnings expectations on Thursday, but the stock still dropped ~9% after hours. Showing that even at its high valuation, ‘good’ isn’t always good enough. Let’s look at what happened. 👉 The Warner deal fallout + Netflix dropped its bid for Warner Bros. Discovery – but still walked away with a US$2.8B breakup fee, boosting profits + Investors cheered the move, relieved it avoided a complex, debt-heavy legacy business + The stock jumped ~17% on the news 👉 The problem By the time earnings rolled around, expectations were already sky-high. The business had collected a couple of billion and the stock had just jumped. Investors weren’t just expecting a beat, they were expecting a blowout quarter + strong future guidance. So even though Netflix beat estimates, it likely didn’t beat them by enough. 👉 Can’t outsmart investors Investors knew a big chunk of that earnings beat came from the one-off US$2.8B breakup fee – not the core business. At roughly 49x earnings, that distinction matters. They were looking for profits driven by subscriber growth and margins – and, most importantly, what comes next. But Netflix’s forecast for next quarter came in below expectations, raising concerns growth could slow from here. 👉 Now there’s a lot to prove Walking away from Warner may have been the right call – but it also removed a major growth lever. Now Netflix has to prove it can keep delivering without a blockbuster acquisition. Add in a leadership transition, with co-founder Reed Hastings stepping down, and suddenly the future feels a bit less certain. 👉 Is it overvalued? At ~49x earnings, that uncertainty is a big deal. Because at that valuation, investors aren’t paying for what Netflix is today – they’re paying for what it can become. And right now, that story needs to be strong enough to justify the price. --- Not financial advice. As always, please do your own research.

Allbirds $BIRD went from a 99% wipeout to an 875% spike – not because of shoes, but because of a total rebrand into an AI company. The company is offloading its footwear business and rebranding as ‘Newbird AI’, with plans to deploy a US$50M convertible facility into high-performance GPUs. From lightweight sneakers made from merino wool to AI infrastructure. Quite the switch.

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SpaceX IPO, oil barrels at US$100 and a market correction.