Primary engine of the current bull market driven by tangible AI-driven productivity gains.

Providing strategic backing and validation to NBIS through partnership/investment.

Entered an agreement to purchase up to 30 million shares of IREN via warrants, strengthening its partnership in the AI cloud space.

Entered a strategic 5GW partnership and AI Cloud contract with IREN, including rights to purchase 30 million IREN shares.

Insatiable demand for GPU clusters like Colossus 1 and 2 confirms the AI infrastructure build-out is accelerating with Blackwell chips.

Remains the gold standard for AI chips despite credible threats from hyperscalers' custom chips.

Part of the strongest risk-on trade in history, though currently extended in a 1999-style ramp.

The only major AI stock viewed as not being overextended relative to its value.

Stands to benefit from the tokenization of stocks, which increases liquidity and lowers the cost of capital by reaching more global investors.

Part of the Magnificent Seven stocks being enabled for 24/7 trading via AI-native platforms.