Nico Hendersen
159 posts
Generational Wealth will be made over these next 6 months…
If you want to achieve this too, then you need to invest in these 10 stocks:
1. Nokia - $NOK
2. Iren - $IREN
3. AXT Inc - $AXTI
4. Nebius - $NBIS
5. Oklo Inc - $OKLO
6. Rocket Lab - $RKLB
7. ServiceNow - $NOW
8. AST SpaceMobile - $ASTS
9. Micron Technology - $MU
10. Marvell Technology - $MRVL
All these setups are on the verge of a major breakout. You’ll look back at this list at the end of this year, & be glad you listened. Don’t miss out…
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@FrameworkWisely IREN is going to destory NBIS and evetually buy them for pennies on the dollar when they go belly up
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The $NBIS vs. $IREN debate basically comes down to this:
👉 $IREN
1⃣ AI cloud online ARR currently around ~$134.4M, based on the $33.6M AI cloud revenue reported last quarter. The additional $3.1B contracted ARR is not online yet.
2⃣ 5GW of secured power capacity.
👉 $NBIS
1⃣ A much larger AI cloud business today — Nebius’ AI segment reached a $1.9B ARR run rate as of March 2026.
2⃣ 4GW contracted, though not yet secured.
🥷 From an investment perspective, what matters more: secured long-term power capacity, or already-scaled AI cloud ARR?
$NBIS has a more diversified customer base today. On the other hand, $IREN’s acquisition of Mirantis could help close that gap over time.
Given current market caps, which one would you rather hold over the next 2–3 years?
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@MilkRoadMacro I think if Munger was younger he would invest in IREN
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Charlie Munger just summed up the only real edge in long-term investing.
If you're going to invest in stocks or real estate for the long term, there will be periods of agony. There will be periods of boom.
He quoted Kipling: "Only if you can treat those two impostors just the same."
Boom and bust are both impostors. The boom makes you think it'll last forever. The bust makes you think it's all over. Neither is true. Both will pass.
"Sometimes it's night and sometimes it's daylight. Sometimes it's a boom. Sometimes it's a bust. I just believe in doing as well as you can and keep going as long as they let you."
That's the whole strategy. Not market timing. Not macro calls. Not rotating in and out. Just doing as well as you can and staying in the game.
Munger held Berkshire through multiple 50% drawdowns. He watched the companies he owned get cut in half. Multiple times. He didn't sell. He kept going.
The investors who build real wealth over decades aren't the ones who called the top or bottomed the market. They're the ones who stayed invested through the night and were still there when daylight came back.
Right now, markets are near all-time highs after recovering from the April tariff panic faster than almost anyone predicted. The people who sold at the bottom are now trying to figure out when to get back in. The people who held are already there.
That's Munger's whole lesson in one quarter.
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Nico Hendersen retweetledi
Comparing the $IREN and $NBIS investments from $NVDA
Seen a lot of poor takes on this so wanted to lay out the facts of the two investments.
NBIS bulls will tout that NVDA invested directly in them and did not in IREN. This is true but is not clearly depicting all the information:
NVDA directly invested $2B in NBIS and in return they recieved 21M shares with an exercise price of $0.0001 per Class A ordinary share. What NBIS gave NVDA were pre-funded warrants which are essentially near zero cost call options. NBIS got the cash upfront while the share issuance was deferred until NVDA chooses to exercise (there was a 6 month lockup period). Essentially that means that there's still 21M shares of dilution yet to come from this investment. Effective price per share works out to ~$94.94 (~$2B / 21.065M), which was roughly where NBIS was trading pre-announcement (~$24B market cap).
IREN also gave NVDA warrants but the structure of their deal was much different. IREN gave NVDA the right to purchase up to 30M shares at an exercise price of $70 which comes out to roughly $2.1B What IREN did though is instead of taking NVDA's cash up front and giving them warrants at market value they gave them up at a premium and in addition made them conditional on GPU delivery.
Dan Roberts confirmed this on the earnings call "Their rights to invest only vest as NVIDIA GPU infrastructure is deployed across our campuses, and only fully vest upon deployment of 600,000 GPUs. NVIDIA's capital is directly tied to execution. That's not a passive financial investment. NVIDIA is a partner who wins as we deliver."
Essentially NVDA receives 50 warrant shares per GPU delivered. (Although it will obviously be broken down into tranches something like 100,000 GPUs = 5,000,0000 warrants)
This aligns incentives. NVDA is incentivized to deliver GPUs to IREN on schedule as well as funneling customers their way because as NVDA delivers to IREN they receive an increasing stake in the company and as NVDA helps IREN grow that stake increases in value exponentially.
In my opinion it's pretty obvious who got the better deal...
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$IREN calls up 150%
Sold half
Letting the rest of it ride until I see the earnings reaction
150% in 2 weeks, I’ll take it!
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$IREN : $57 is cool..
But I want to see one of these again.
Wen Deal?
Oli@OInvests
$IREN : Setups like this don’t last long.. This can go $100 fast.
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Thank you @mikealfred @bitcoinbutcher1 @FransBakker9812 @jiahanjimliu @TheTechInvest for the IREN wisdom and knowledge over the past year. @danroberts0101 has time and time again delivered. $IREN is in the perfect spot at the perfect time.
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Get out of covered calls now! Your shares will be lost! Deal is releasing soon!! $IREN
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