New Position: Is This The Next AI Infrastructure Re-rate?

Gaetano · Gaetano · May 11, 2026 at 19:45 · ⏱ 1 min read  | Read on Substack ↗
Summary
The author teases a new European AI data center position with data center revenue expected to double and a valuation of 1.3x forward revenue, but the company name is only disclosed behind the paywall. The article highlights that the author's prior European plays (MRN, ART, LPK) have delivered strong returns, reinforcing his credibility, while the new position is presented as an asymmetric opportunity compared to US-listed peers like CRDO and SMTC.
  • •The author's recent European plays MRN, ART, and LPK have returned 40%, 60%, and 100% respectively.
  • •The new position's data center revenue is expected to roughly double in a single year.
  • •The stock trades at approximately 1.3x FY2026 revenue guidance.
  • •The company has a 1.6T product roadmap in market and a 'Credo connection'.
Read time 1 min
Length 1,663 chars
Category finance
Trade Ideas
Gaetano Substack author, Gaetano
The author includes MRN among his recent European plays that have performed strongly, implying he currently holds a long position.
MRN MED
Gaetano Substack author, Gaetano
The author includes ART among his recent European plays that have performed strongly, implying he currently holds a long position.
ART MED
Gaetano Substack author, Gaetano
The author includes LPK among his recent European plays that have performed strongly, implying he currently holds a long position.
LPK.DE MED
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