Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we outline our bullish case and highlight attractive Groups and stocks within Financials, Services, Technology and Manufacturing: Credit Card Issuers, Education Services, China, Solar Energy, and Industrial Rental Equipment.</p>

We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we outline our bullish case and highlight attractive Groups and stocks within Financials, Services, Technology and Manufacturing: Credit Card Issuers, Education Services, China, Solar Energy, and Industrial Rental Equipment.

U.S. Equity Strategy: Upgrading Cap-Weighted Communications to Overweight

Independent in-depth research from Finimize, Finimize

Finimize Research

Independent in-depth research from Finimize

Finimize

Finimize is the #1 information platform for modern investors. We empower people to become smarter investors with bitesize insights from world-class analysts. 1 million+ strong community, 250 partners.

Equity Bottom-Up

<ul>
<li>Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and Stéphane are watching now.</li>
<li>Every month, we round up how our picks and strategies are performing, and the performance data and links to the original Research Drops.</li>
<li>Our investing ideas have delivered an average absolute annualized return of 46%, outperforming their benchmarks by 22%, with a “hit rate” of 84%.</li>
</ul>


Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and Stéphane are watching now.
Every month, we round up how our picks and strategies are performing, and the performance data and links to the original Research Drops.
Our investing ideas have delivered an average absolute annualized return of 46%, outperforming their benchmarks by 22%, with a “hit rate” of 84%.


How Our Research Picks Have Held Up: December 2025

<ul>
<li>Big Tech is throwing hundreds of billions of dollars at the AI boom and neocloud providers, who are building AI data centers, are central players.</li>
<li>I wrote a Research piece about Nebius two months ago. Since then, its stock has doubled, thanks in part to a $17.4 billion contract with Microsoft.</li>
<li>I took a close look at the deal, ran some scenarios, and came across IREN, a promising but lesser-known company that’s trying to follow the same playbook</li>
</ul>


Big Tech is throwing hundreds of billions of dollars at the AI boom and neocloud providers, who are building AI data centers, are central players.
I wrote a Research piece about Nebius two months ago. Since then, its stock has doubled, thanks in part to a $17.4 billion contract with Microsoft.
I took a close look at the deal, ran some scenarios, and came across IREN, a promising but lesser-known company that’s trying to follow the same playbook


Nebius ($NBIS) Is Riding High – And This Hidden Rival Is Copying Its AI Playbook

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

<ul>
<li>Despite a 307% surge in revenue, CoreWeave's extended six-year GPU depreciation schedule flatters its profitability while masking faster asset wear-down.</li>
<li>Despite ballooning into a $30 bn market cap, CoreWeave is weighed down by debt and lease obligations; Q2 interest expense exceeded operating profit, with CRWV netting $290 m in losses. </li>
<li>The Aug 15 IPO lock-up expiry triggered insider selling via $1 bn+ block trades, driving a 35% stock plunge and spiking short interest.</li>
</ul>


Despite a 307% surge in revenue, CoreWeave's extended six-year GPU depreciation schedule flatters its profitability while masking faster asset wear-down.
Despite ballooning into a $30 bn market cap, CoreWeave is weighed down by debt and lease obligations; Q2 interest expense exceeded operating profit, with CRWV netting $290 m in losses. 
The Aug 15 IPO lock-up expiry triggered insider selling via $1 bn+ block trades, driving a 35% stock plunge and spiking short interest.


CoreWeave’s Growth Meets Debt-Heavy Risk

<ul>
<li>Demand for AI compute has opened the door to a new kind of business: GPU-as-a-Service.  New kids on the block, Nebius and CoreWeave, are competing with the hyperscalers.</li>
<li>Nebius has gained a foothold in the rapidly growing AI data center market, and it's eyeing up to $1 billion in recurring revenue by the end of 2025. </li>
<li>The best comp is CoreWeave,  but Nebius' balance sheet is much stronger, allowing it access to cheaper capital to help fund its growth.</li>
</ul>


Demand for AI compute has opened the door to a new kind of business: GPU-as-a-Service.  New kids on the block, Nebius and CoreWeave, are competing with the hyperscalers.
Nebius has gained a foothold in the rapidly growing AI data center market, and it's eyeing up to $1 billion in recurring revenue by the end of 2025. 
The best comp is CoreWeave,  but Nebius' balance sheet is much stronger, allowing it access to cheaper capital to help fund its growth.


The “Nebius” Big Thing: The AI Stock You Want To Know Now

Netherlands

Nebius Group is a technology company providing infrastructure and services to AI builders globally. The group's core business, Nebius, is an AI-centric cloud platform built for AI workloads. Nebius Group serves customers worldwide.

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Nebius Group (NBIS US)

U.S. Equity Strategy: Upgrading Cap-Weighted Communications to Overweight

We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we...

Vermilion Research

How Our Research Picks Have Held Up: December 2025

Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and...

Finimize Research

Nebius ($NBIS) Is Riding High – And This Hidden Rival Is Copying Its AI Playbook

Big spending by hyperscalers and frontier AI companies on AI data centers has created an opportunity to build AI data centers. Nebius is becoming a...

Finimize Research

CoreWeave’s Growth Meets Debt-Heavy Risk

CoreWeave's revenue surge masks faster asset wear-down; debt and lease obligations weigh down $30 bn market cap; insider selling triggers 35%...

Mint Finance

The “Nebius” Big Thing: The AI Stock You Want To Know Now

Nebius is developing data centers tailor-made for the AI boom, and its strong balance sheet and skilled engineers allow it to compete with the...

Finimize Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

U.S. Equity Strategy: Upgrading Cap-Weighted Communications to Overweight

We continue to move increasingly toward the bullish camp and we believe equities are poised for higher prices moving forward. In today’s report we...

Vermilion Research

How Our Research Picks Have Held Up: December 2025

Here’s your monthly look at the analysts’ investment ideas – and how they’ve done so far. Plus, the plays that Russell, Theodora, Reda, and...

Finimize Research

Nebius ($NBIS) Is Riding High – And This Hidden Rival Is Copying Its AI Playbook

Big spending by hyperscalers and frontier AI companies on AI data centers has created an opportunity to build AI data centers. Nebius is becoming a...

Finimize Research

CoreWeave’s Growth Meets Debt-Heavy Risk

​CoreWeave's revenue surge masks faster asset wear-down; debt and lease obligations weigh down $30 bn market cap; insider selling triggers 35%...

Mint Finance

The “Nebius” Big Thing: The AI Stock You Want To Know Now

Nebius is developing data centers tailor-made for the AI boom, and its strong balance sheet and skilled engineers allow it to compete with the...

Finimize Research

CoreWeave's revenue surge masks faster asset wear-down; debt and lease obligations weigh down $30 bn market cap; insider selling triggers 35%...