AI-Powered Equity Research

Credo Technology is a high-conviction AI infrastructure play executing exceptionally well, but trading near 52-week highs with material concentration risk. Q3 FY26 results were extraordinary — $407M revenue (+201.5% YoY, +52% QoQ), 68.6% non-GAAP gross margin, 49.6% non-GAAP operating margin, and $1...

GE Vernova has been one of the most spectacular industrial re-ratings of the past two years, with the stock up ~133% from its 52-week low and trading at roughly 11.7% below its all-time high of $1,181. The thesis is well-known and now well-priced: gas turbine backlogs sold out through 2030, electrif...

Vertiv is the purest 'pick-and-shovels' beneficiary of the AI data center buildout, delivering exceptional results — Q1 2026 revenue +30% YoY, adjusted EPS +83%, adjusted operating margin expanding 430bps to 20.8%, and a backlog of ~$15B that more than doubled YoY. Management raised 2026 guidance ag...

Super Micro presents a genuinely conflicted setup. On one hand, the business is executing on a once-in-a-generation AI infrastructure cycle: Q3 FY26 revenue of $10.2B (+123% YoY), FY26 guidance raised to ~$40B, and Q4 outlook of $11.0–12.5B beat consensus. At $20B market cap, the stock trades at ~0....

Twenty One Capital (XXI) is a pure-play Bitcoin treasury vehicle holding ~43,514 BTC, making it the third-largest corporate Bitcoin holder behind Strategy (MSTR) and Marathon. At $7.64 with ~353M shares outstanding, the implied market cap of $2.70B sits materially below the gross asset value of its ...

Micron has delivered one of the most extraordinary runs in semiconductor history, with shares up 738% from the 52-week low and the company now sporting an $825B market cap — larger than the entire historical peak market cap of the global memory industry combined. Q2 FY26 results were spectacular: re...

Sanmina has been transformed by the ZT Systems acquisition, with cloud/AI infrastructure now comprising 62% of sales and Q2 FY26 revenue surging 102% YoY to $4.01B. The stock has rallied ~187% from its 52-week low to trade within 8% of its all-time high, pricing in significant AI-driven manufacturin...

Lam Research is firing on all cylinders at a critical inflection point in the WFE (wafer fabrication equipment) cycle. Management raised the 2026 WFE market outlook to $140B (up from $135B and ~28% above 2025), Q3 FY26 delivered record revenue of $5.84B (+24% YoY) with EPS beating consensus by 8%, a...

AppLovin presents a rare combination of hyper-growth and elite profitability: 2025 revenue grew 70% to $5.48B, adjusted EBITDA margins hit 82-84%, and free cash flow reached $3.95B. Yet the stock has been cut nearly 40% from its 52-week high of $745 amid SEC scrutiny over data-privacy practices, sho...

Coinbase trades at $194 — already 56% off its 52-week high — yet the setup heading into 2026 is deteriorating, not bottoming. Global crypto trading volumes have collapsed to levels last seen in late 2023, Q4 2025 revenue declined 5% sequentially, the company posted a GAAP net loss driven by a $718M ...

Micron has delivered an extraordinary run, with shares up roughly 575% in twelve months as AI-driven HBM demand drove Q2 FY26 revenue to $23.9B (up 196% YoY) and gross margins toward 68-75%. The bull narrative — that AI represents a structurally longer memory cycle — is real but increasingly priced ...

AMD has delivered a remarkable run, up 252% from its 52-week low of $91.87 to $323.21, fueled by AI accelerator momentum (MI300X/MI350, upcoming MI450), high-profile OpenAI and Meta supply agreements, and management's aggressive >35% revenue CAGR target with a $20+ non-GAAP EPS goal. Q4 revenue grew...

Microsoft trades at $429.25, down 22.7% from its 52-week high of $555.45, with the market having repriced the stock following Q2 FY2026's twin disappointments: Azure decelerating from 40% to 39% (with Q3 guidance to 37-38%) and CapEx nearly doubling YoY to $29.88B. The bear narrative—AI margin compr...

Alphabet has staged a remarkable transformation from perceived AI laggard to AI leader, with shares up ~132% from the 52-week low and now trading within 1% of all-time highs at $347.5. Q4 2025 delivered 18% revenue growth to $113.8B, Google Cloud accelerated to 48% growth with a $240B backlog, and G...

Broadcom has fundamentally re-rated since our February note, and the new evidence justifies shifting from neutral to a measured bull stance. Q1 FY2026 results were a step-change: revenue of $19.3B (+29% YoY), AI semiconductor revenue of $8.4B (+106% YoY), and Q2 guidance for AI chips of $10.7B imply...

Amazon enters its Q1 2026 earnings print (April 29) priced for perfection at $259.70, a mere 1.8% below its 52-week high with an overbought RSI of 73.8. The bullish narrative is real: AWS just delivered its fastest growth in 13 quarters at 24% YoY, Q4 2025 revenue grew 14% to $213.4B, and the AI/clo...

Apple trades at $270.71, roughly 6% off its 52-week high, with a market cap of $3.93T and a trailing P/E near 33-34x — a premium valuation against a business whose long-term growth algorithm remains in the high single digits. The bullish setup heading into the April 30 fiscal Q2 print is real: iPhon...

The Trade Desk has experienced a catastrophic descent from its $91.45 52-week high to $20.61, and the deterioration has accelerated since my February 7, 2026 bull call at a $40 1Y target. My prior bull thesis was wrong. Since then, Q1 2026 guidance came in at just 10% revenue growth — the lowest in ...

Since my prior bear report on February 7, Opendoor delivered a genuine Q4 2025 earnings surprise — revenue of $736M beat consensus by ~24%, home acquisitions jumped 46% QoQ, and the October cohort is tracking as historically profitable. Management's 'Opendoor 2.0' is producing real operational metri...

Nvidia has continued to deliver against — and consistently exceed — every growth metric that the bear case demanded a slowdown in. Since my February 7 bull call at $185.41, the stock is essentially flat at $183.91, but the fundamental picture has materially improved: Q4 FY2026 revenue came in at $68...