Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul>
<li>IREN Limited is moving deeper into the AI infrastructure stack at a time when its platform is already scaling rapidly across power, data centers, GPUs, customers, and capital.</li>
<li>The company recently highlighted $3.6 billion of GPU financing commitments at an expected interest rate below 6%, Microsoft customer prepayments, a $9.7 billion AI contract, a target of 140,000 GPUs by the end of 2026, and a path toward $3.4 billion in annualized run-rate revenue.</li>
<li>It also expanded its secured power footprint beyond 4.5 gigawatts with a new 1.6 gigawatt Oklahoma site, reinforcing management’s view that secured power and time-to-data-center are scarce strategic assets.</li>
</ul>


IREN Limited is moving deeper into the AI infrastructure stack at a time when its platform is already scaling rapidly across power, data centers, GPUs, customers, and capital.
The company recently highlighted $3.6 billion of GPU financing commitments at an expected interest rate below 6%, Microsoft customer prepayments, a $9.7 billion AI contract, a target of 140,000 GPUs by the end of 2026, and a path toward $3.4 billion in annualized run-rate revenue.
It also expanded its secured power footprint beyond 4.5 gigawatts with a new 1.6 gigawatt Oklahoma site, reinforcing management’s view that secured power and time-to-data-center are scarce strategic assets.


IREN買収の視点：ミランティスはどのようにしてAIプラットフォームを強化できるのか！