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Neptune Insurance reported Q3 revenue up 34% year over year to $59.6 million and adjusted EBITDA up 38% to $36.8 million. It raised 2026 guidance to $204 million in revenue and an adjusted EBITDA margin above 61%, and forecast 2027 revenue of $238 million.
Close observers are warning that investors have unrealistic expectations for the AI trade.
Micron Technology's rally drives 800% gains in ETFs MUU and MULL, which offer leveraged exposure to the stock, as investor enthusiasm for AI infrastructure plays surges.