2025 has been a wild ride for the stock market in many ways. The Trump inauguration and the subsequent tariff wars dragged indices down, but especially pressured high beta and growth stocks. Additionally, consumer discretionary companies with supply chains and production located in “high tariff” countries were sold off and remained under pressure into year end. The broader market, by contrast, experienced a rapid recovery driven by AI developments and business fundamentals.
At the beginning of 2025 I published my best stock pick for the year $IREN (-3,13 %), which ultimately outperformed by a wide margin (+260%% in usd 1Y performance):
This outperformance though was marked by a lot of volatility and severe drawdowns of more than 50% in April, from the time I wrote the note. The evolution the company made also ended up far different from what I expected. The Bitcoin business progress was overshadowed by an increasing focus on AI Cloud and possible colocation potential. I will dive deeper into this topic in my 3 top stock ideas for 2026. Which includes IREN again this year.
The three businesses all have their own path to a successful 2026, so I believe the foundation for the potential returns is of a very different nature for the three stocks. The catalysts and risks for each company also vary significantly.
The first analysis of Iren you can find under the following link to my Substack:
$NVDA (+0,25 %)
$GOOG (-0,52 %)
$MSFT (+1,49 %)
$AMZN (+3,77 %)
$NVDA (+0,25 %)
$CIFR (-2,75 %)
$HUT (+0,15 %)
$WULF (-2,59 %)
$ORCL (+0,49 %)
$NBIS (+8,2 %)
$CRWV (+1,98 %)
