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$1,000 follows their calls into $1,000
Daave “3 and 30” Tepper@institLPrates reaction today after that jobs number no bueno out of $RKT take the 13% L many ways to make it back
Daave “3 and 30” Tepper@institLP$rkt No idea what trough valuation is for rocket At prior rate peak market cap was approx 12.5bn Then bought Mr cooper for 9bn at announcement (14bn at final closing) 22bn to 27bn combined depending on your view Today’s market cap is 34bn so on market cap alone it’s a 25%
Daave “3 and 30” Tepper@institLPYou dont own enough nebius $nbis Nebius is officially bottom feeding on bitcoin miner land and power Nebius leveraging its own capabilities and bc customer demand to pre fund this deal with OPM - including an IG customer and lenders at s+250 Think about the massive equity
Haircut@nodiligenceDAY 13: i've been running this AI / compute / macro map every day. AIB is building a project 10x the size of its own equity, and it's not even hiding it. $82.7m of equity, an $850m build. the gap gets filled by nebius paying early and lenders lending against the nebius
Daave “3 and 30” Tepper@institLPsomeone take my keys underrated way to view your portfolio my book looks ever so slightly diversified by position size (% NAV) but my portfolio has almost no diversification based on expected volatility $ACMR $NBIS
Daave “3 and 30” Tepper@institLPthis is a degenerates portfolio. but an observation on $ACMR revenue. shanghai sub backlog came out today. 17bn RMB. analyst projections gotta come up. jpm at $110 PT AND gs at $166 both have with 2027P rev = $1.67bn (25% below '27 implied on new backlog datapoint) DYOR
Daave “3 and 30” Tepper@institLPcovered my [undisclosed short] - Cerebras $CBRS the pre-ipo longs will tell management to do some deal to create a headline so they can keep dumping post- lock what a trashco. thanks for the laughs. +21% on the pair with nebius sized up. like the direction of travel on nbis so
Daave “3 and 30” Tepper@institLPThank the Lord cut $rkt back but dang do $rkt and $bldr just look tantalizing down here Since this post I had added 8 pts $acmr Added 7-8 pts $meta Added 5-6 pts $hpe gotta say this book hasn’t outperformed this well in quite some time Can’t say why puts it’s definitely
Daave “3 and 30” Tepper@institLP$rkt No idea what trough valuation is for rocket At prior rate peak market cap was approx 12.5bn Then bought Mr cooper for 9bn at announcement (14bn at final closing) 22bn to 27bn combined depending on your view Today’s market cap is 34bn so on market cap alone it’s a 25%
