Mr. Misunderstood
Long-Term Investor, Misunderstood Businesses & Asymmetric Upside
Blaize's execution is on track, with FY2027 revenue potentially reaching about $200 million, more than its current market capitalization. The company is growing rapidly, margins are improving and new contracts are being signed. Dilution and weak sentiment still weigh heavily on the stock, and despite a strong founder-led management team, risks remain and execution will need to be exceptional. x.com
Blaize builds real-time, efficient edge AI inference that complements NVIDIA's cloud GPUs rather than replacing them, so it can ride the whole AI ecosystem's growth. Its hybrid platform runs AI locally in cameras, factories, vehicles and cities while offloading heavy compute to the cloud. It has stacked contracts with Yotta (~$56M), Starshine ($120M) and NeoTensr (up to ~$70M), plus a Nokia partnership. With ~$50M cash, no debt and improving margins, it looks undiscovered at $250M despite risks. x.com
Blaize fits the shift to hybrid AI, where edge inference becomes key. Phison CEO Pua Khein-Seng says the most reasonable architecture handles simple, high-token tasks locally on small systems and offloads complex ones to the cloud, which validates Blaize's business model, and its revenue is growing fast. Its racks could add AI capacity at tower cells for future AI vehicles, and its potential P/S is attractive, but it burns a lot of cash and holds relatively little. x.com x.com
Blaize AI's new NeoTensr order is large relative to its size and supports its growth forecast. The order should bring about $50M over the next year, against a roughly $300M market cap and $39M of trailing revenue. Blaize forecasts 242% sales growth in 2026, launches an AI services platform in Q2 and targets 30-35% gross margins by Q4 2026, with longer-term potential above 55%. It is still burning cash and not EBITDA positive. The stock broke out with bullish technicals. x.com
Gorilla Technology's valuation looks very inexpensive on sales, but dilution and weak profits threaten what shareholders capture. Its roughly $279M market cap is about 1.4x guided 2026 revenue above $200M and roughly 0.6x its $450-500M 2027 target; shares outstanding rose about 63% year over year, while H1 adjusted EBITDA turned negative. This remains a high-risk, high-reward opportunity only if growth becomes sustainable profits without excessive further dilution. x.com
Marblegate Capital's growth is too thin to absorb its new dilution. It grows high single digits mostly by pushing price, and now plans to give up about half of that through dilution as stock compensation rises from 1% to 3–4%, an extra $40M in pay just for being public, per @roojoo3. It trades at about 12x 2027 earnings, and no one cares for a reason. x.com
