pre mkt thoughts


most degens (and me! im just a degen pls dont hurt me uwu) are probably eagerly awaiting one of the biggest IPOs for this year - $CBRS
touted as a $nvda killer - this is currently trading on HL with v thin volume at $285 - priced at $185 in the IPO round. originally was filed at 115-125 range on may 4 before being bumped all the way up.
the bear thesis for this is that it effectively only has OAI as a client right now.... valuation wise it is at 510M 2025 rev so ~ current valuations definitely come from the hope that they can supplant $nvda as the only game in town!
trading wise - i anticipate a flow of cash into this and memory names to take a hit as the hot ball of capital rotates - this is the start of many of the hottest IPOs coming into mkt - space X, OAI, Anthropic
good luck!
ME2.01%
DEGEN71.78%
NVDA13.31%
ON-11.44%
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