The Fundamentalist

$ZETA Potential definitely there!! So let me write a quick summary from my research about Zeta My thesis on AI in general was always having as much 1st party data as possible and having a model that you can feed this data This will be a gamechanger for many stocks not only $ZETA, for example $HIMS They have access to the 4th largest data set after $META, $GOOG and $AMZN, which I did not know. This was a huge deal for me as it aligns with my AI thesis for successful AI businesses. I will need to do more digging into Athena, but my first feeling is that this is definitely something that you need in new environment where everyone is just looking for quick answers in LLMs like ChatGPT, Gemini, Claude, etc. So from the first glance, I see the MOAT, I see the logic behind their business model and overall rate it as interesting investment I am more of a finance guy so I obviously need to feel that the numbers make sense When I woke up today, I went through their Q1 results: - Revenue $396M +50% YoY - Adjusted EBITDA $66M +42% YoY - FCF $42M +48% YoY - GAAP net loss of -$13M So results were great, I just thought they are already profitable on GAAP basis, more research needed there from my side They RAISED 2026 quidance: Revenue to grow 37% YoY Adjusted EBITDA +43% YoY FCF +43% YoY What I really like is the increasing FCF margin now guided at 13% Now the guidance for 2028: Revenue: $2.3B + (23% CAGR) Adjusted EBITDA: $573M + (25% margin) FCF: $371M + (16% margin) I LOVE THE INCREASING MARGINS If software company can grow 23% and have 16% FCF margin you should definitely give it some premium Right now $ZETA is trading at: 2.8x forward sales 21x forward FCF In 2028: 2.2x sales 14x FCF This is really low compared to other companies like Trade Desk, Salesforce, Adobe given the compounding growth and increasing margins Summary: Definitely interesting company with reasonable MOAT The problem I have is that I am not sure what multiple I would use for it. The current valuation definitely does not see the potential but would I give it 6-10x multiple not sure yet Looking to agree/disagree with the retail bulls in the comments @wealthmatica @TheRonnieVShow Did not expect such a strong retail reaction to me looking to dive into $ZETA

$NBIS people are getting bearish only because the stock went up a lot The simple fact is that if they keep executing the way they executed the last two years, we are still early, and the stock is undervalued $NBIS $300 EOY still remains my target

@mi20483980476 Might be a good choice

@Funmentalist I’m just kidding. It’s my 2nd biggest too. I should have added lol. Ended up trimming 20 percent around 245 to buy NOK

$NBIS bought a very small amount at $235, but as I said to you Around $213 is where I get really interested, and I might buy a significant amount relative to portfolio size

$HIMS Shorts are really trying today Let them think this is a good short More shorts means more squeezing, once catalyst comes

@mi20483980476 It is my biggest position, so I do not have to be that agressive on buys

@Funmentalist Bud it’s going to 300 stop thinking dips are coming to you

@ViralMuzik1989 Might be

@Funmentalist Friday is probably going to be Friyay for $IREN

$IREN down 16% from the highs after announcing their first DC in Australia Never chase these moves unless it is something completely game-changing (instant revenue increase, margin expansion, etc) and immediately initiates repricing You will most of the times get your chance

@sudokhanh I said it before all of this happened, I warned people to be careful chasing that DC announcement pop

@Funmentalist hindsight 20/20

$NVDA $NBIS $IREN "AI is so useless" - Those who missed it

I can provide a lot of value during bull markets I can provide even more value during bear markets During a bull market, everyone is a genius. I can see everyone spamming here triple-digit YTD, but when the bull market arrives, you will not see them post about their stocks a single time I will be there, no matter what happens, I will defend my high beta stocks like $NBIS, $IREN, $SOFI, $OSCR, $HIMS, etc. So stick with me, guys, and we will provide enough insight for you to not panic and finally outperform the market for consecutive years from now

I wasted 30s of my life reading this Plain words, with 0 facts that would somehow tell you why this should happen Comparing Polygon to $NBIS is just pure comedy, be careful who you follow

$SPCX They want your money so bad it is actually sad So let me tell you the strategy 1) Give retail as much hype as possible 2) Let retail help to drive the price over $200 3) Institutions get free liquidity The valuation is just so stupid, but it might run hard For trade it is ok and it might make you a lot of money For investment? Terrible, all stories Do your own research on this one please

@daniel_koss I think this sentiment has been around for like 2 months already, $NBIS seems to get the highest bid

$NBIS Someone knows something. Who is someone and what do they know? 🤔

@city8778 Stronger narrative around $NBIS, $IREN might be tapping the ATM. I would really not focus on these intraday prices

@Funmentalist any idea why IREN still getting clobbered when NBIS is recovering?

@GnarlyGainz @kerdoscapital Agreed, execution will give us the rerating $NBIS had lately

@Funmentalist @kerdoscapital Made tons of money in iren this year already. And that’s where the asymmetry lies. If iren wasn’t a former miner and was priced like NBIS/crwv, the800MW would have caused a 20% Green Day. Wen Iren announces sweet water deal it’s game changingThey wait on deals since price goes up

@kerdoscapital @Funmentalist Markets are forward looking.. it add value to the stock. AI will consume all available power. Them adding sites guarantees increase in future revenue…

Option 2: It’s a bubble But not only to save their ass, but to also manipulate weak hands into selling Let me be clear on this one The wall street is against you, they want to make money the same way you do and easiest money are made on retail panicking

@RJCcapital @kevinxu Full degen mode, I love it

.@kevinxu this is how you go ALL IN btw

@ArunChar1 Not impossible, but I would be really surprised to see something below $200, we would probably need some major headline

@Funmentalist Watching $NBIS, looking at a deeper cut around 175

$HIMS shhhhh... don’t tell them I want to see their surprised face when Q2 comes

$HIMS BULLISH WEDGE BREAKOUT IN WAVE 3 You love to see it! PT $40 Next for Wave 3.