Nima Ghamsari

Blend rode the post-crisis mortgage digitization wave to a rich 2021 listing but overexpanded and was hit by rising rates, the mortgage volume collapse, and small-cap neglect. After cutting non-core businesses, refocusing on mortgage origination software, and reaching profitability in 2024, Ghamsari says Blend's large lender customer base and proprietary mortgage data give it an unfair advantage for agentic AI. Its Autopilot product can compress mortgage processing from weeks to minutes, and he views the weak stock as an opportunity while expecting increasing profitability.

Asked for the next great play outside Blend, Ghamsari points to physical infrastructure built with robotics and AI. He argues robotics can collapse the cost of solar energy, clean water, and housing by orders of magnitude and help drive a 2030s infrastructure boom and broader prosperity.