In today’s briefing:
- Priority Technology Faces Management Buyout Proposal Amid Activist Opposition
- How Much of Nvidia’s Demand Is Nvidia-Enabled?
- GOLD Tactical Outlook: Profit Targets for December 2025
- Sold Out Yet Stockpiled: Nvidia’s Q3 Highlights Potential Deployment Limits
- Dominion Energy Is Targeting NOVEC—Here’s Why That Should Get Everyone’s Attention!
- Life Time Inc. Unleashes a High-End Expansion—Is Its Affluent Club Strategy a Game Changer?
- IonQ Inc: How Europe & NATO Expansion Could Unlock Massive New Revenue Streams!
- Management Buyouts and Litigation Updates: PRTH, KNOP, LEN, ABCP, and NANO Developments in Focus
- Back to Near-Term Bullish on SPX and Nasdaq 100; Supports Held at SPX 6480-6520 and QQQ $580-583
- Abbott Labs’ Exact Sciences Acquisition: What Could Go Right In This $21 Billion Cancer Play?
Priority Technology Faces Management Buyout Proposal Amid Activist Opposition
- Priority Technology received a non-binding privatization offer from founder Thomas Priore at $6-$6.15/share, with Priore owning 58%.
- Activists Buckley Capital and Steamboat Capital oppose the bid, claiming it undervalues PRTH, suggesting a fair value of $10-$17/share.
- The company’s segments include Merchant Solutions, Payables, and Treasury Solutions, with 64% of adjusted gross profit from recurring revenues.
How Much of Nvidia’s Demand Is Nvidia-Enabled?
- Nvidia’s multi-year cloud service commitments jumped from $12.6B to $26B in one quarter, but only $1B is due in cash before late FY26, raising questions about the immediacy of demand.
- Nvidia is backstopping customer infrastructure via an $860M facility lease guarantee, with only $470M escrowed; effectively transferring counterparty credit risk onto Nvidia’s balance sheet.
- Structurally, this resembles circular financing, where customers take on debt (facilitated by Nvidia) to secure future compute capacity, enabling Nvidia to book future revenue while cash conversion lags.
GOLD Tactical Outlook: Profit Targets for December 2025
- Gold (GOLD COMDTY) this week has resumed its uptrend after a brief, shallow setback in mid-November.
- This insight will analyze our Gold Futures Dec 25 model to determine profit targets that could be reached in the next 3 weeks (in December 2025).
- Range: Gold could reach again previous highs, in December, while if it goes down it could reach the 3933 support zone.
Sold Out Yet Stockpiled: Nvidia’s Q3 Highlights Potential Deployment Limits
- Nvidia is transitioning from a GPU vendor to a full-stack systems supplier for AI infrastructure, with the Data Centre segment driven more by integrated rack-scale deployments than standalone accelerators.
- Management positions Nvidia as the reference architecture for a “$3–4 trillion annual AI infrastructure build”, but finished goods inventories are up 90%+ amid “sold-out cloud capacity.”
- The rapid shift toward rack-scale systems introduces new ecosystem tensions, as Nvidia’s move into full system design increasingly overlaps with the domain of OEM partners.
Dominion Energy Is Targeting NOVEC—Here’s Why That Should Get Everyone’s Attention!
- Dominion Energy is accelerating into one of the most consequential growth phases in its history, with data centerdriven load growth, multibillion dollar transmission expansions, and the 2.6 gigawatt Coastal Virginia Offshore Wind (CVOW) project advancing toward first power in early 2026.
- Now, reports indicate that Dominion is exploring a potential acquisition of Northern Virginia Electric Cooperative (NOVEC), a move that would deepen its footprint in the world’s busiest data center corridor—Loudoun County’s “Data Center Alley.” The timing is notable: Dominion disclosed that contracted and in process data center demand has surged to roughly 47 gigawatts, up 17% since year end 2024, while the company simultaneously works through major regulatory, financing, and construction milestones across its portfolio.
- Dominion and NOVEC already share deeply interconnected transmission infrastructure, and NOVEC’s customer mix—where data centers account for roughly two thirds of electricity sales—aligns with Dominion’s strategy to serve rapidly rising AI related load.
Life Time Inc. Unleashes a High-End Expansion—Is Its Affluent Club Strategy a Game Changer?
- Life Time Group Holdings Inc. reported its third-quarter 2025 financial results, showcasing significant growth across several metrics, indicative of effective strategic execution and market positioning.
- Total revenue rose by 12.9% to $783 million, supported by an increase in average monthly dues per member and robust comparable center revenue, which grew 10.6% over the prior year.
- Moreover, membership remained stable with 841,000 center memberships and total memberships reaching 891,000, in line with the company’s expectations.
IonQ Inc: How Europe & NATO Expansion Could Unlock Massive New Revenue Streams!
- IonQ, Inc. recently reported its third-quarter results for 2025, highlighting significant strides in revenue and technological advancements within the quantum computing sector.
- The company achieved a 222% year-on-year revenue growth, reaching $39.9 million, which was 37% above the high end of its guidance.
- This impressive performance was attributed to its strategic positioning as a full quantum platform company, encompassing quantum computing, networking, sensing, and cybersecurity.
Management Buyouts and Litigation Updates: PRTH, KNOP, LEN, ABCP, and NANO Developments in Focus
- Priority Technology (PRTH) received a non-binding privatization offer from its founder at $6-$6.15/share, with activist opposition.
- KNOT Offshore Partners (KNOP) received a non-binding privatization offer at $10/unit, with expectations of a bumped offer.
- Lennar Corporation (LEN) completed a tender offer, with a final exchange ratio of 4.1367x and oversubscription.
Back to Near-Term Bullish on SPX and Nasdaq 100; Supports Held at SPX 6480-6520 and QQQ $580-583
- We downgraded our near-term outlook on SPX and QQQ to neutral last week (11/19/25), after being bullish since 4/22/25, while we maintained our intermediate-term bullish outlook (as of 5/14/25).
- Crucial support levels of 6480-6520 on SPX and $580-$583 on QQQ held last week, and we are back to being near-term bullish as long as these supports continue to hold
- The latest pullback offers an attractive entry point into all the speculative growth areas that we were pounding the table on since May, WITH A STOP AT LAST WEEKS LOWS
Abbott Labs’ Exact Sciences Acquisition: What Could Go Right In This $21 Billion Cancer Play?
- Abbott Laboratories has made headlines once again, this time for a bold push into cancer diagnostics through its proposed $21 billion acquisition of Exact Sciences.
- The deal, which values Exact at $105 per share in cash and represents a 51% premium over its last closing price, is poised to be the largest healthcare M&A deal in two years and the biggest ever in the diagnostics space.
- Slated to close in Q2 2026, the transaction marks Abbott’s strategic expansion beyond glucose monitoring and cardiovascular devices into oncology testing—a market the company had eyed for years.
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