GLXY · Galaxy DigitalGalaxy Digital

Raising 1-year price target on NBIS to $450 and reiterating outperform on other stocks due to infinite energy consumption in the Neocloud space.

The author presents a broad bullish thesis on multiple growth stocks, particularly in AI/data center buildout (neoclouds), energy, and cybersecurity, citing catalysts such as rate cuts, government reopening, and seasonal trends. Key themes include the undervaluation of certain tech stocks after corrections, the importance of TSM as a central supplier, and the potential for re-rating in sectors like nuclear and memory.

Author presents a comprehensive trading plan for rate cut week, recommending longs in neocloud, semiconductors, and select other stocks while selling overvalued quantum, space, and crypto assets. Key macro view: market fear is an ideal entry point ahead of expected rate cut.

Post provides a tier list ranking of neocloud sector stocks based on weighted assessments of contract visibility, macro resilience, balance sheet strength, HPC buildout risk, revenue growth trajectory, and market cap relative to revenue ramp. The sector is compelling but some have higher asymmetrical returns.

Galaxy Digital (GLXY) is rated a grade higher than Applied Digital (APLD) in HPC due to its diversified business segments (brokerage, crypto liquidity) leading to a stronger balance sheet and better FCF, despite similar HPC positioning. It also has long-term hyperscaler visibility with Coreweave, though there is risk Coreweave could go under.

Post-Fed rate cut analysis provides stock ratings with explanations: Strong Buy on stablecoin, semi, and growth plays; Buy on AI infrastructure and select recovery plays; Avoid on overvalued or fundamental-less stocks.

A comprehensive set of stock ratings for 2026, focusing on recovery plays from tax-loss harvesting and sector tailwinds in AI, semiconductors, data centers, and defense, while avoiding overvalued quantum and retail names.

Personal stock ratings with detailed commentary: Strong Buy on 14 stocks (SNAP, META, MU, TSM, etc.) citing catalysts like memory supercycle, bottlenecks, and AI tailwinds. Buy on 32 stocks including COIN, SMCI, GOOGL, and several crypto and drone plays. Questionable on VELO and SKYT due to weak fundamentals. Avoid on 11 stocks (UAVS, BKKT, PLTR, etc.) due to dilution, high debt, or overvaluation. Overall bullish on AI, memory, bottlenecks, made-in-America supply chains, and defense, with a long-term view until after midterms.

Added positions on the drop across multiple names due to price declines, expressing uncertainty about future direction.

Crypto names have been reset after significant drawdowns, institutions are buying, and it's an opportunity to ride the wave back up.

No qualifying thesis event for 45+ days.