Zaid Admani

Nebius is a Neo cloud company that's emerged recently.

They build a massive AI data centers, load them up with Nvidia chips and rent that AI capacity to other tech companies.

Now, as part of this investment from NVIDIA, the two companies will collaborate on AI infrastructure deployment, GPU fleet management and AI factory design.

And of course, having NVIDIA as a partner and investor probably means that Nebius will get priority access to NVIDIA's hardware, software and engineering support.

As a result, shares of Nebius are up around 15 percent this morning in reaction to this news.

I gotta say, Nvidia just keeps writing checks to AI companies.

They've become like the defacto venture capitalist arm to the entire AI industry.

People were initially concerned about the whole circular financing, but no one seems to be talking about that anymore.

Now, moving on, let's talk about AeroVironment.

Their shares are falling after the defense contractor reported earnings with sales coming in below expectations.

Management says the weak quarter was mostly due to a timing issue and adjustments to its space business.

In fact, the company still expects strong demand moving forward.

AeroVironment makes advanced military drones and autonomous systems that are used by the US military.

The company has a funded backlog of about $1.1 billion, and they expect to have a record fourth quarter.

But despite that, the company also lowered their full-year sales guidance to $1.9 billion, down from the original estimate of $2 billion.

So they're sending mixed signals right now, and the stock is down around 5% this morning at the time of this recording.

Let's wrap the show with a fun fact.

Meta just bought a social network called Moltbook that is built specifically for AI agents.

This is pretty crazy.

So on Moltbook, AI bots are the ones that create the posts, comment on each other's content, and even upvote posts.