The alpha Brief

Source: Bloomberg I recently attended the inaugural Bloomberg Africa Business Summit (Nov 17–18 in Johannesburg), and it was a truly enlightening experience. The event’s theme of Unlocking Africa’s Investment Potential set the tone for discussions on how Africa can overcome challenges and grasp emerging opportunities. I found myself deeply inspired by personal interactions and insights from various leaders specifically, their perspectives on risk, talent, innovation, and Afri

Summary Record loan volumes and expanding margins highlight the platform’s successful shift to profitable growth. AI-driven underwriting and a broad partner network provide a unique, scalable fintech model that is more resilient through credit cycles. Multiple new bank and fintech partnerships are in the pipeline, along with cross-selling of new products, which could fuel the next leg of volume growth. Despite this momentum, the stock trades at only ~6–7× forward EBITDA ( far

Summary Data center gold rush:  Exploding AI infrastructure demand is fueling a gold rush for the unsung connectivity chips that link advanced servers together. Multi-engine growth ahead:  A broad product suite addresses bottlenecks across AI systems, from inside the server to across the rack, setting the stage for an inflection as all engines fire. High growth, higher margins:   The company is already profitable with ~75% gross margins and a hefty cash war chest, suggesting

Summary Unmatched AI Scale:  Dominating compute and networking at a level no competitor comes close to matching. Record Growth Momentum:  Revenue and margins expanding simultaneously, signaling durable structural demand. Next-Gen Catalyst Ahead:  The upcoming architecture cycle could reset industry performance benchmarks once again. Priced for Excellence, Still Undervalued:  Growth-adjusted valuation remains attractive given leadership position and earnings trajectory.

Investment Thesis The company operates in high-growth, underpenetrated markets with a dominant position, benefiting from strong network effects and technological advantages. Despite temporary regulatory and macroeconomic headwinds, the business remains well-managed, with a clear path to sustainable profitability. Sales, EPS, and free cash flow are projected to grow at 15%, 40%, and 45% CAGRs , respectively, over the next five years, supporting significant stock price apprecia

Investment Thesis: Strong Market Position & Institutional Adoption: The company is a leading digital asset platform with a fully licensed and compliant structure, making it well-positioned to attract institutional capital and mainstream adoption in a rapidly expanding industry. Diversified Revenue Streams & Growth Potential: While transaction fees remain the core business, the company has built a substantial recurring revenue base through subscriptions, stablecoin partnership

Mixed Performance Across U.S. Markets This week saw significant market fluctuations, culminating in sharp declines on Friday. The...