Jack of All Trades

Strong Buy on Credo's 200% hypergrowth. Buy on MongoDB's Rule of 40 inflection and AES deal arb. Hold on Riot's near-zero EBITDA and ASTS's execution-dependent valuation.

MDB beat on revenue and EPS but guided cautiously, RIOT grew revenue yet posted a large loss, ASTS hit its first real revenue inflection, and CRDO delivered hypergrowth with record margins—showing four very different trajectories across the AI‑infra stack.

Dell: $140B FY27 guide (+11.5% vs Street $125.5B), $43B AI backlog (+134% from Q3 $18.4B), $50B+ AI servers FY27 implied validates Nvidia Blackwell build-out. At ~13x FY27 EPS massively undervalued vs Nvidia 35-40x—"AI Factory Architect" thesis.

Dell Q4 revenue $33.4B (+39% YoY) crushed $31-32B guide, non-GAAP EPS $3.89 beat $3.53 est (+10%) FY27 guide $140B midpoint demolished Street $125.5B (+11.5% beat).

Nvidia: $78B Q1 guide (+7.4% vs Street) crushes AI bubble fears—agentic AI wave, Vera Rubin samples shipped (10x perf/watt), hyperscaler capex $700B (+$120B YTD), $500B Blackwell/Rubin visibility. At ~40x FY26 priced for perfection but TAM $3-4T by 2030 justifies premium

AI chipmaker Wednesday: Nvidia Q4 revenue $68.1B (+73% YoY) crushed $66.2B est, adj EPS $1.62 beat $1.53—Q1 FY27 guide $78B demolished Street $72.6B (+7.4% beat). Data center $62.3B (+75% YoY) = 91.5% revenue, gross margin 75% (no compression), stock +2% AH.

Home Depot: Beat ends 3-quarter miss streak but "no catalyst for housing inflection"—Pro outperforming DIY, digital +11%, big-ticket +1.3%, SRS mid-single growth. GMS margin dilution 50bps H1, Q1 EPS down mid-single digits. At $384 fair value but limited upside without housing recovery

Home Depot Q4 revenue $38.2B (-3.8% but beat $38.1B est), adj EPS $2.72 crushed $2.52 est (+7.8%)—first beat in year, stock +2%. FY26 guide: sales +2.5-4.5%, comps flat to +2%, EPS flat to +4%. "Frozen housing 3 years," Pro strength, GMS acquisition dilutive H1, dividend +1.3% to $2.33.

AI power boom (Virginia load +5.4%, Loudoun County data centers) drives capex surge but equity dilution 2.5%/yr pressures. Domino's: Market share gains (+1pt), franchisee profits $166K/store, carryout +6.5%, but intl decel 0.7% + margin compression from labor/insuranc

Dominion Q4 revenue $4.09B (+20% YoY) beat, EPS $0.68 missed $0.69—raised 5yr capex 30% to $65B for AI data centers (48GW pipeline), offshore wind 70% complete $11.5B budget. Domino's Q4 revenue $1.54B (+6.4%) beat, EPS $5.35 missed $5.38—US comps +3.7%, 32nd year intl growth, dividend +15%.