![\"\"](\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/11\/VMTPX2JWYBF3JCGUVXR4UDA6JY.jpg\")
Ryan Modesto, CEO & portfolio manager at i2i Capital Management Ryan Modesto, CEO & portfolio manager at i2i Capital Management <\/p>\nRyan Modesto, CEO & portfolio manager at i2i Capital Management, joins BNN Bloomberg to share his Hot Picks in ‘dips to buy in AI’. <\/p>\n
AI-linked stocks have fallen over the past month as fears of an overheated market sparked a pullback. Despite that slide, demand signals across the sector remain strong, with recent earnings pointing to continued investment and tight supply.<\/p>\n
BNN Bloomberg spoke with Ryan Modesto, CEO and portfolio manager at i2i Capital Management, who says sentiment-driven selling has created an opportunity for investors to build exposure to select AI-themed names.<\/p>\n
Key TakeawaysRecent AI stock weakness has been driven largely by sentiment rather than deteriorating fundamentals.Demand for AI infrastructure continues to outstrip supply, with companies signalling strong investment plans in recent earnings.Nebius is positioned for rapid revenue expansion as large-scale cloud and AI contracts accelerate.Ouster stands to benefit from rising robotics adoption, where LIDAR sensors enable physical-world AI applications.nVent Electric is gaining momentum as its pivot toward data-centre and AI infrastructure drives growth and margin expansion.Ryan Modesto, CEO & portfolio manager at i2i Capital Management Ryan Modesto, CEO & portfolio manager at i2i Capital Management <\/p>\n
Read the full transcript below:<\/p>\n
ANDREW: Now it\u2019s time for Hot Picks. We have seen some of those red-hot AI names come off their peaks over the past month. Our guest says this creates an opportunity to buy some of these names at a discount. We are joined on this theme of \u201cdips to buy in AI\u201d by Ryan Modesto, CEO and portfolio manager at i2i Capital Management. Ryan, great to see you. Thanks very much indeed.<\/p>\n
RYAN: Nice to be on. Thanks for having me.<\/p>\n
ANDREW: Can we jump in and get to your first name, Nebius? It\u2019s a cloud infrastructure provider. You see promise here. Why do you like it?<\/p>\n
RYAN: Yeah. This is a data-centre company providing GPU capacity to large AI companies and smaller AI companies as well. We like it. They\u2019re built a bit differently. We think they\u2019re data-centre companies built with AI in mind from the ground up, where a lot of their competitors have pivoted from Bitcoin mining into the AI data-centre space. So we kind of like the overall setup of Nebius, and their management team has built really large companies before. They\u2019re well entrenched in the tech sector, and we think they\u2019re well set to succeed in this space.<\/p>\n
You know, the thesis here, though \u2014 really, I don\u2019t want to oversimplify it, but to keep it simple \u2014 it\u2019s just exponential revenue growth. I don\u2019t know if we\u2019ve ever seen companies, or a group of companies, that are growing revenues at the rate this group is growing, and at the scale they\u2019re growing as well. In 2024 they did about US$117 million in revenue. In 2026 they\u2019re expected to do US$2.4 billion in revenue. For annual recurring revenue by the end of 2026, they\u2019re expected to do US$7 billion to US$9 billion as well.<\/p>\n
So, large numbers. I guess the argument could be, well, anyone can throw big numbers like that around. How do you know they\u2019re going to act on it? But they\u2019re signing contracts that kind of back that up. A couple of months ago, they signed a deal with Microsoft for US$17 billion, and in recent earnings they also announced a US$3 billion contract with Meta as well. They said that contract would have been bigger; they just didn\u2019t have the capacity to service any more at that time.<\/p>\n
ANDREW: Your next idea is Ouster, and they\u2019re involved in sensors that can be used in robotics. Tell us what the attraction is here.<\/p>\n
RYAN: Yeah. So it\u2019s a bit of a robotics, a bit of an AI company. They do LIDAR sensors. And everybody, when they think of LIDAR, thinks of autonomous vehicles. Ouster can do that in the future, but they\u2019re really focused on the robotics side of things. So think of automating your warehouse \u2014 forklifts, robotic arms \u2014 but also drones and things like that.<\/p>\n
We think robotics, in the next one to three years, is going to have its ChatGPT moment where everybody kind of says, \u201cWhoa \u2014 these things are going to become real, and they\u2019re going to be in our houses or wherever.\u201d And Ouster has the ability to be the eyes for robots that allow them to interact with and see their environments.<\/p>\n
They\u2019re one of the first companies to get government approval in the U.S. to deploy their sensors on military equipment \u2014 things like drones and security uses. Their main competitors tend to be cheaper foreign products coming from other companies, and we think down the road governments are going to crack down on this, because there are real security issues. If foreign companies have LIDAR sensors all throughout your country mapping out surroundings and every move \u2014 and Ouster is U.S.-based \u2014 we think they\u2019re going to benefit in the future from their geographic location as well.<\/p>\n
ANDREW: That\u2019s interesting. So Americans might be wary of Chinese vision equipment spreading through the country because the military, I guess, in theory, could be peeking through.<\/p>\n
RYAN: Exactly, yeah. So always a risk, and with heightened geopolitical tensions, we think in the next year or two there will be some movement on that as well.<\/p>\n
ANDREW: And finally, you\u2019ve got a company for us called nVent Electric. They\u2019re an equipment supplier.<\/p>\n
RYAN: Yeah. So this is more of a traditional capital equipment supplier to the data-centre space, the infrastructure space, doing cooling systems, things like that. And we like this company \u2014 they\u2019re in the right place at the right time, and they\u2019re doing all the right things.<\/p>\n
They have obvious tailwinds with AI trends and data centres. You also have the infrastructure, onshoring and reshoring tailwinds helping them out. They\u2019ve shifted their business more towards the infrastructure space in the last couple of years, and that\u2019s helping them increase margins. They\u2019re growing organically in the mid-teens range; when you add acquisitions, they\u2019re growing 20 to 30 per cent plus. Their margins are improving, they\u2019re buying back shares, they\u2019re increasing their dividends, and they\u2019re actually trading cheaper than most of their peers as well. They trade at about 26 times forward earnings, and most of their peers in the space trade \u2014 probably being generous here \u2014 at 30 times earnings or above.<\/p>\n
ANDREW: So, yeah. It\u2019s amazing. I wonder \u2014 people supplying electrical equipment or expert electrical contractors in the States \u2014 they must be just swamped with business right now.<\/p>\n
RYAN: Well, that\u2019s a bit of the \u2014 almost \u2014 the good problem to have, I guess. Yeah, it\u2019s a bit of the issue they\u2019re seeing, where demand is far outstripping supply. And like Nebius as an example, they said, \u201cWe have people lined up at the door trying to get access to data-centre capacity.\u201d It just takes time to build it out. Supply-chain constraints and supply-chain issues are really a limiting function right now in the AI space, it seems.<\/p>\n
ANDREW: I wonder. I\u2019m sure if you phone them, they say, \u201cOh, we might be able to get to you in 2029.\u201d It is interesting the way the actual electricity is turning into such a potential roadblock here. Ryan, thank you very much indeed for joining us.<\/p>\n
RYAN: Thank you.<\/p>\n
ANDREW: Ryan Modesto, CEO and portfolio manager at i2i Capital Management.<\/p>\n
DISCLOSUREPERSONALFAMILYPORTFOLIO\/FUNDNBIS NASDAQNNYOUST NASDAQNNYNVT NYSENNY<\/p>\n
—<\/p>\n
This BNN Bloomberg summary and transcript of the Nov. 27, 2025 interview with Ryan Modesto are published with the assistance of AI. Original research, interview questions and added context was created by BNN Bloomberg journalists. An editor also reviewed this material before it was published to ensure its accuracy and adherence with BNN Bloomberg editorial policies and standards.<\/p>\n","protected":false},"excerpt":{"rendered":"Ryan Modesto, CEO & portfolio manager at i2i Capital Management, joins BNN Bloomberg to share his Hot Picks…\n","protected":false},"author":2,"featured_media":310822,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,61],"class_list":["post-310821","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/310821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=310821"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/310821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/310822"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=310821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=310821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=310821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}