re: Nebius - NBIS - AI Infrastructure Company

Buying some at open at this price in case it pops. If it dips I’ll add more.

NBIS is now the fourth largest holding for Robert Citrone’s Discovery Capital, representing 3.6% of the hedge fund’s value.

The filing just came in today.

What does all of this mean for us minnows?

Banks and funds buying drives price higher and also stabilizes share price. Retail (us) is more reactionary. This would not have gone down 40% in one day if it was 80% owned by institutional investors.

You want to have your money where banks and funds invest their money. Especially before they’ve caught on. They’re still catching on…

I added 55 shares today. Probably done for a while.
Edit: I actually added 65.5 shares. All Roth.

750 now, plus four long calls.

Added 80 shares today, half of which is a starting position in my Roth

Brokerage is 160 shares at 33. Like I said before, a minnow here.

I guess I’m going to start working on my Roth now that I’ve freed up some cash in there.

haha^
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Uber Eats has enlisted Avride sidewalk robots to deliver food as part of a multiyear partnership. This is the first location on the east coast to get started. Other locations include Austin, TX and Ohio State University.

Newspaper Article

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Avride sidewalk robots to deliver food

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how many robots can they sell like these?

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I can't find any numbers at all. Avride is private, and their blog isn't specific at all. Uber mentioned this in its recent earnings:

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Michael Morton -- Analyst

Hi. Thanks for the questions. I appreciate the new remarks on AVs. If I could follow up on a question -- on a comment that you made earlier in just general business models with AV.

When you talk about securing supply from OEMs, are you speaking about Uber buying cars directly? And then when you're thinking over the long term about potential business models with AVs, could you talk about an agency model versus a merchant model of renting AVs for the day? And then a question we get from investors is, how much of your global mobility business do you see being addressable by autonomous vehicles due to different driver costs in certain markets compared to the AV costs? Thank you so much.

Dara Khosrowshahi -- Chief Executive Officer

Yeah, absolutely, Michael. So in terms of the business model, I think there are gonna be -- there's gonna be a ton of experimentation around the business models. I think early on, we've got a big balance sheet, and we can buy cars. I think eventually, it's gonna turn into the fleet partners that we have essentially buying cars and getting financing from third parties that you see right now with electric vehicles.

A lot of our fleet partners actually are able to finance these EVs, etc.. In the early days, you're not gonna have kind of a financing construct in place and clarity regarding what residual values are for these cars. So I think that will put up some balance sheet risk. Our fleet partners will put up some balance sheet risk over a period of time.

I think that most of the ownership will be a combination of fleet partners. You might see some financial players, kind of infrastructure players, just like they -- there are entities REITs that own hotels, you will have kind of fleet entities as well. And then hopefully, there'll be some kind of individual ownership as well of people, small businesses putting up these cars and these fleets and taking care of the car, sort of small business fleets that, again, we see around the world for ourselves operating an SMB fleet model as well. So there's gonna be a ton of experimentation.

But early on, we will take some balance sheet risk in order to get -- catalyze the industry, so to speak. But ultimately, we think all of it is gonna be financialized. In terms of AV, I think a couple of things in terms of the addressable market. First of all, I think early on -- right now, the cost of AVs don't even come close to the cost of drivers.

So I think the first markets that are gonna be penetrated are gonna depend on regulation, first of all. And again, the regulatory environment is pretty complicated. And second is kind of the revenue per mile in the markets. This would tend to be U.S.

markets or European markets where the revenue per mile is higher and will tend to be in the center of cities. The operational domain for many of these AV deployments is very, very limited and over a period of time is gonna expand. So I think in the next 5 years, the addressable market is gonna be probably in the order of 10% to 15% of the overall marketplace and then gradually is gonna expand over a period of time over the next 15 years or so.

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If you all want a comp for food delivery robots, read about SERV

1.29b mc, closed at 22.92 a share today

I hold positions in both nbis and SERV. And RR. And TSLA. Big fan of investing in robots