Buy ONTO Immediately
Buy Onto Innovation (ONTO).
The man who invented one of the most popular buying and selling indicators on Wall Street says this stock could soon benefit from a big surge in Wall Street "smart money."
But BEFORE you act on this information, we strongly urge you to view his full briefing.
He found this stock by using the Power Gauge.
It's a system that shows you stock ratings of thousands of companies that trade on the U.S. market... built by a Wall Street legend who's been profiled on CNBC for the accuracy of his predictions and recommendations.
The last time he used his system to issue a free recommendation, it went on to soar 100%.
Click here for the full details.
Regards,
Kelly Brown
Host, Chaikin Analytics
P.S. We're sharing his recommendation with you (free of charge) because his system is pointing to an even bigger, once-in-a-generation opportunity right now...
Here's just a snapshot of the massive runups his bullish ratings have pointed to over the last 18 months ALONE:
- 934% in 2 months on NEGG
- 2,754% in 13 months on AZ
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- 2,164% in 3 months on BSGM
- 253% in 12 months on VRT
- 114% in 10 days on PHAT
- 142% in 2 months on SEZL
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- 496% in 3 months on AEVA
Click here to learn why he recommends ONTO right now.
Forget Chips, Buy Wires: BHP Hits Highs as Copper Overtakes Iron
Written by Jeffrey Neal Johnson. Posted: 2/19/2026.
Summary
- BHP Group reported that copper earnings have officially surpassed iron ore earnings for the first time in history as the company pivots toward future-facing commodities.
- The rapid expansion of artificial intelligence data centers is creating an inelastic demand shock for copper, driving prices higher and benefiting major producers.
- Strategic government initiatives to stockpile critical minerals are establishing a price floor that supports long-term growth for allied producers in the mining sector.
While many investors fixate on the next swing in chipmaker prices, a quieter shift sent the world's largest miner to a record high on Feb. 17, 2026. BHP Group (NYSE: BHP) climbed to about $74.27, underscoring that the digital economy is running up against a physical constraint: electricity and the wiring that delivers it.
For the first time in its 170-year history, BHP's earnings report revealed a structural change in the global economic engine.
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The company's copper division generated more underlying earnings than its iron ore division.
This crossover is a meaningful milestone: it signals the end of the Iron Age—driven by Chinese urbanization—and the start of a Copper Age, powered by Western-led AI deployment and electrification.
As the Great Rotation from technology stocks into materials accelerates, investors are realizing the AI revolution cannot scale without copper infrastructure.
The New King of Commodities
The headline from BHP's half-year results was strong: underlying profit rose 22% to $6.2 billion. But the internal mix tells the bigger story. Copper EBITDA surged to $7.95 billion, surpassing Iron Ore EBITDA of $7.5 billion.
Historically, BHP has been treated as a proxy for the Chinese property market—iron ore was the cash cow that funded dividends while other commodities played supporting roles. This report flips that narrative. BHP has shifted its portfolio toward future-facing commodities, removing much of the China discount typically applied to miners and re-rating the stock from a cyclical value play to a secular growth proxy. By aligning production with the needs of the digital economy instead of the industrial age, BHP is less exposed to slowing steel demand.
47 Tonnes Per Megawatt: The Perfect Economic Storm
Two macro forces are converging to create a copper supercycle: deeply inelastic commercial demand and strategic government support.
On the demand side, AI infrastructure buildout is consuming copper at rates that outstrip historical models. Standard cloud data centers are relatively efficient, needing roughly two tonnes of copper per megawatt (MW) of power capacity. New AI training centers, however, require extreme power densities for liquid cooling and high-performance computing. S&P Global estimates copper intensity at these AI-specific facilities can spike to 47 tonnes per MW.
This demand is largely price inelastic. Hyperscalers are locked in an arms race: they cannot meaningfully delay a $5 billion data center launch because wiring costs rise. They will pay what's necessary to secure the physical materials to go online.
On the supply side, geopolitics is reinforcing the floor. Earlier this month, the U.S. government launched Project Vault, a $12 billion Strategic Critical Minerals Reserve designed to hold up to 60 days' worth of essential industrial metals. Acting as a government-backed buyer of last resort, Project Vault de-risks new mine development for producers in allied nations such as Australia and Chile and reduces the available free-float inventory for the wider market.
A Growth Stock Paying Value Dividends
Investors often choose between high-growth companies that reinvest cash and lower-growth companies that pay dividends. BHP is bridging that gap. Alongside its earnings beat, the board declared a $0.73 interim dividend, up 46% year over year, implying a payout ratio around 60% and signaling confidence in future cash flows.
Crucially, BHP is funding a large copper growth pipeline—including projects in South Australia and the Andes—without straining its balance sheet. The company closed a $4.3 billion silver streaming deal with Wheaton Precious Metals, monetizing future silver by‑product production for upfront cash today.
That is smart financial engineering. By selling a non-core asset stream, BHP raised substantial funding to preserve its fortress balance sheet (net debt about $14.7 billion) and finance copper expansion without issuing new debt or diluting shareholders. The result: income now plus exposure to long-term capital appreciation.
The Cleanest Shirt in the Mining Sector
In a sector often disrupted by operational setbacks, BHP stands out for stability. While peers struggle to sustain output, BHP delivered record throughput at Escondida, the world's largest copper mine.
The contrast with rivals is stark. Rio Tinto (NYSE: RIO) is dealing with a production halt at its massive Simandou iron ore project in Guinea following a fatality, a disruption that impairs cash flow and highlights jurisdictional risk. Meanwhile, Freeport-McMoRan (NYSE: FCX), the leading U.S. copper producer, is still recovering from the Grasberg mine mudflow in late 2025, which forced production cuts and limited its ability to ride the current price rally.
For investors seeking copper exposure, BHP currently offers the cleanest operational profile: more reliable production than Freeport and a commodity mix Rio Tinto is still pursuing.
Infrastructure Is the New Tech
The rotation from tech to materials is not a fleeting trade; it reflects an infrastructural reality. The digital future is constrained by physical limits, and copper is the critical bottleneck.
If NVIDIA (NASDAQ: NVDA) is the modern gold rush, BHP sells the picks and shovels. With a record earnings pivot, a government-backed price floor via Project Vault, and a capital-allocation strategy that returns cash while funding growth, BHP is positioning itself as a cornerstone stock for the next phase of the global economy. In a world where data centers are the new oil wells, the miner of the essential metal holds outsized leverage.
IREN Earnings Were Ugly—Is a Beautiful Future Already Funded?
Authored by Jeffrey Neal Johnson. Article Published: 2/6/2026.
Summary
- The company successfully secured a massive credit facility to fully fund its transition to becoming a high-performance computing infrastructure provider.
- IREN has established a competitive moat by securing vast amounts of power capacity and developing new data center campuses across North America.
- Management reaffirmed ambitious annualized recurring revenue targets, driven by the aggressive deployment of new graphics processing units.
Shares of IREN Limited (NASDAQ: IREN) plunged more than 11% in regular trading on Feb. 5, 2026, after the company released its second-quarter financial results. The sell-off deepened in after-hours trading as investors reacted to a revenue miss and a wider net loss. On the surface, the numbers reflected the pressures facing the cryptocurrency market, where lower Bitcoin prices and higher mining difficulty weighed on revenue.
But focusing only on the quarterly print misses a material development that changes the company's trajectory. While the market punished past performance, IREN announced a $3.6 billion delayed-draw term loan to fund its transition from a pure-play Bitcoin miner to a high-performance computing (HPC) infrastructure provider.
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That creates a disconnect for investors: sentiment is anchored on short-term crypto headwinds and accounting volatility, even as the company secured near-term funding to execute a capital-intensive pivot into artificial intelligence (AI) infrastructure. The question for investors becomes: do you trade the last three months' earnings miss, or the multi-billion-dollar build-out planned for the next three years?
The $3.6 Billion Game Changer
The biggest takeaway is not the earnings miss, but the fact that IREN secured a $3.6 billion delayed-draw term loan earmarked for purchasing graphics processing units (GPUs) required to fulfill its large contracts.
This financing is notable for several reasons:
- Low cost of capital: The facility carries an interest rate below 6%, which in today's environment signals institutional confidence in IREN's creditworthiness and business plan.
- Linked to Microsoft: Management confirmed the financing is directly tied to the previously announced $9.7 billion AI Cloud contract with Microsoft (NASDAQ: MSFT).
- Limits dilution: Combined with a $1.9 billion prepayment from Microsoft, the new debt facility covers roughly 95% of the capital expenditures required for the hardware expansion, reducing the need to raise equity and dilute existing shareholders.
In short, IREN has converted a theoretical growth plan into a funded project. The key risk for investors has shifted from "can they afford to build it?" to "can they execute and build it on time?"
Scale and Scarcity: The Infrastructure Advantage
In AI infrastructure, high-end chips can be bought by any well-capitalized buyer. The bottleneck is access to power and grid capacity. Data centers need enormous amounts of electricity to run and cool GPUs, and securing grid connections, permits and long-term capacity is increasingly difficult. This is where IREN claims an advantage.
IREN has assembled secured power capacity exceeding 4.5 gigawatts (GW). To put that in context, one gigawatt is roughly enough energy to power about 750,000 homes. That scale creates a meaningful moat that smaller competitors will struggle to replicate quickly.
Recent infrastructure updates include:
- New Oklahoma campus: IREN announced a 1.6 GW data-center campus in Oklahoma, located inside the Southwest Power Pool (SPP). That diversifies operations beyond the Texas grid (ERCOT) and reduces exposure to policy or reliability risks tied to a single region.
- Sweetwater milestone: The Sweetwater 1 substation in Texas, capable of handling 1.4 GW, is on track to be energized in April 2026.
Timing matters. While many competitors remain stuck in multi-year queues for power access, IREN is months away from bringing gigawatt-scale capacity online, enabling faster hardware deployment than peers without ready-to-use infrastructure.
Bitcoin Headwinds and Accounting Noise
Still, the second-quarter results produced immediate headwinds. IREN reported total revenue of $184.7 million, missing analyst expectations near $229.6 million, a shortfall driven largely by the Bitcoin-mining segment. Lower average Bitcoin prices and higher mining difficulty reduced production revenue during the quarter.
The company reported a net loss of $155.4 million. That headline loss was driven predominantly by non-cash items: IREN recorded $219.4 million in charges related to derivative revaluations and impairments.
- Derivative revaluations: Accounting adjustments for hedging and financial instruments that can swing materially with market prices but do not represent immediate cash outflows.
- Impairments: Write-downs on older mining hardware as the company retires legacy rigs to make room for modern AI processors.
Importantly, IREN's balance sheet remains solid: the company held about $2.8 billion in cash as of Jan. 31, 2026. That liquidity suggests operations are not immediately threatened. Moreover, the earnings volatility underscores the rationale for the pivot — moving capacity toward fixed-rate AI contracts should reduce exposure to the crypto-cycle that hurt this quarter's results.
The Path to Re-Rating
Management reiterated ambitious targets, including a goal of $3.4 billion in Annualized Recurring Revenue (ARR) by the end of 2026, dependent on deploying roughly 140,000 GPUs across its data-center footprint.
At a market capitalization near $11 billion today, that $3.4 billion ARR implies the stock is trading at about 3.2 times forward revenue. By contrast, pure-play AI infrastructure companies often trade at double-digit revenue multiples. The market currently prices IREN like a volatile Bitcoin miner, but if the company executes its construction plans and brings the Microsoft contract online, the revenue mix should shift toward stable, high-margin AI cloud services. A re-rating to multiples closer to AI hyperscalers would have significant upside implications.
Navigating the Transition
IREN is in the most difficult phase of its corporate transformation. The volatility evident in the recent earnings report is the near-term cost of pivoting a large industrial operation from one business model to another. While the earnings miss was painful, securing $3.6 billion in low-cost financing removes the single biggest financial hurdle. With funding in place, power capacity locked, and a premier customer contracted, the investment thesis now hinges on operational execution. For investors able to look past quarterly crypto noise, the 2026 growth story remains intact.
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