Sergey CYW
Analyst covering Big Data companies and AI infrastructure (e.g., Snowflake, Confluent, MongoDB) with valuation and growth analysis.
Neo-Cloud Boom Faces Economic Proof Test
Neo-Cloud Growth Is Exploding. Can It Sustain? AI infrastructure demand is real. Neo-clouds are selling access to the bottleneck: usable compute, GPUs, power, cooling, networking, and deployment speed. But the market has already priced it in. Valuations have moved. Expectations are high. Capital needs are massive. Shareholder dilution risk is not small. Now the sector needs to prove economics. Investing
Neo Clouds Emerge as Key AI Infrastructure Category
Neo Clouds are becoming one of the most important AI infrastructure categories. Here’s the map 👇 1. Full-stack AI Cloud Platforms Nebius — $NBIS Nebius is positioning as a full-stack AI cloud, combining liquid-cooled Nvidia data centers, orchestration software, inference environments, and developer...
Software Stocks Show Wide PSG Valuation Gaps
SaaS PSG Ratio: Growth-adjusted valuation still shows major dispersion across software stocks PSG helps compare software companies by looking at valuation relative to expected growth, not valuation alone. A lower PSG can signal a more attractive growth-adjusted setup, while a higher PSG...
E‑commerce Platforms Are Becoming Retail Ecosystems, Not Mere Stores
E-Commerce Winners Are Building Ecosystems, Not Stores The stronger platforms are becoming operating systems for retail: marketplace demand, logistics, payments, advertising, AI tools, merchant software, and cross-border infrastructure. Morgan Stanley expects e-commerce to reach 27% of global retail sales by 2026, while...
Nubank's 50% Growth Misses Estimates, Stock Slides
$NU: Revenue grew 53%, net income grew 57%, and Nubank keeps scaling one of the strongest digital banking models globally Nubank reported revenue of $5.0B, up 53% YoY, but below the $5.1B estimate. EPS came in at $0.18 vs. $0.19 expected. The headline...
AI Infrastructure Powers Goldman’s Top S&P Growth Picks
Goldman’s Rule of 10 Points Back to AI Infrastructure Goldman Sachs’ updated “Rule of 10”: the strongest expected growth in the S&P 500 is still concentrated around AI infrastructure. The framework looks for companies with realized and expected annual revenue growth above...
Rare Earths Become Hidden Bottleneck for AI Hardware
Rare earths are the quiet bottleneck behind the next hardware cycle. AI data centers. EV motors. Wind turbines. Humanoid robots. Drones. Night vision. Radar. Sensors. Software scales fast. Physical supply chains do not. Rare earths turn the AI boom into a mining, refining,...
AI Growth Valuations Vary Widely Among Magnificent 7
AI growth is not priced equally across the Magnificent 7 Valuation is about how much future growth investors are buying today, and how likely that growth is to arrive on time. Forward P/E vs NTM estimated revenue growth shows a very different...
Growth Returns, SaaS Valuations Favor Profitability Over Sales
SaaS valuation map: growth is back, but the market is still selective. Forward EV/Gross Profit tells a cleaner story than EV/Sales because it adjusts for gross margin quality. $PLTR currently trades around 72.3x Forward EV/Gross Profit with +62.6% NTM estimated revenue growth. $APP...
Top SaaS Stocks Lead with Explosive Forward Revenue Growth
Forward revenue growth matters in growth investing. For SaaS, this is especially important because valuations often depend less on current profits and more on future revenue durability, expansion, and category leadership. Fastest SaaS growers by NTM estimated revenue growth: $PLTR: +62.6% $APP: +42.4% $DOCN: +30.5% $AXON:...
SaaS Rebounds; 12 AI‑linked Stocks Outpace Lows
SaaS is back on the tape. 12 names are benefiting from AI — and how far each has bounced from 52-week lows 👇 The market treated software like dead money while the entire AI trade crowded into chips, power, and data...
MELI’s 49% Revenue Surge Masks Margin Decline
My thoughts on $MELI Q1 2026 The quarterly report was strong, despite the stock falling -4.3% after earnings and being down -28% from its 52-week high. The stock is trading at valuation multiples close to ATL, with EV/Sales at 2.8x and Forward...
AI's Energy Demand Sparks New Supply Chain
AI needs energy. From uranium to grid equipment, the power stack behind AI is becoming its own supply chain. Data centers need GPUs. GPUs need racks. Racks need power. Power needs grid access, firm generation, storage, cooling, and fuel. Hyperscalers are no...
DoorDash Beats Earnings, Stock Soars Amid Revenue Miss
$DASH: +33% revenue growth, +37% GOV growth, and the stock jumped despite a revenue miss DoorDash delivered another strong quarter. Revenue was $4.04B, up 33% YoY, but below the $4.15B estimate. EPS came in at $0.42 vs. $0.37 expected. Marketplace GOV reached $31.6B,...
Duol's Q1 Growth Slows, Guidance Cut
My thoughts on $DUOL Q1 2026 Revenue growth—and essentially growth across all metrics—is slowing significantly. QoQ revenue growth slowed to +3.2%, and next quarter growth is expected to be even slower. If we extrapolate this pace, the company is currently growing...
Grab Posts 19% Revenue Rise, Margin Expansion
$GRAB: Profitable growth keeps compounding — Q1 revenue +19%, operating margin +550 bps, net margin +1,540 bps Grab delivered strong quarter. Revenue grew 18.6% YoY to $906M, with gross profit up 19.6% and gross margin expanding to 44%. SG&A fell to 23%...
EV/Gross Profit Metric Spot
Forward EV/Gross Profit vs NTM revenue growth gives a cleaner lens than EV/Sales. It accounts for margin quality, not just top-line expansion. $NET (+29% growth) trades at the highest multiple on the chart, supported by strong margins and AI tailwinds. $SHOP (+26.1%)...
SaaS Growth Rebounds While OpenAI Falls Short
This week turned out to be quite positive for the SaaS market. Although the median EV/Sales for SaaS companies is still near its lows at 3.79x, analyst-estimated NTM revenue growth stands at +14.2% YoY and has been increasing over the past...
Top Energy Companies Powering Modern Data Centers
Data Center Energy Providers: $VST Vistra Corp $CEG Constellation Energy Group $GEV GE Vernova $NEE NextEra Energy $EQT EQT $EOSE Eos Energy
Cloudflare Boosts AI Infrastructure with GoDaddy Crawl Control
Cloudflare Expands Its AI Infrastructure and Security Stack $NET is pushing deeper into AI infrastructure with new tools for content control, private agent networking, agent deployment, and AI application security. The GoDaddy partnership brings Cloudflare AI Crawl Control to small businesses and...
Zeta's 50% Revenue Surge Masks Ongoing Losses
$ZETA delivers 50% revenue growth and improving profitability — but why are operating losses still present? Revenue reached $396M, up nearly 50% YoY, marking another strong acceleration. Growth is being driven by the core platform, with direct platform revenue up over...
Meta Q1 Beats Forecasts with 33% Revenue Surge
Meta Platforms Q1’26: $56.3B revenue (+33% YoY), EPS crush to $10.44 (+53% vs est) Strong quarter where growth and monetization continue to compound. Ad engine remains highly efficient with impressions up 19% and pricing up 12%, pushing ARPP +26.7% YoY. Family...
Spotify Q1 EPS Soars 222% with Margin Expansion
Spotify Q1’26: EPS crush + margin expansion stand out $SPOT Revenue came in at €4.53B, +8.2% YoY. Operating margin reached 16%, up 360 bps YoY. Net margin hit the same level, expanding over 10 points. Cost discipline is clearly working. SG&A...
Photonics May Unlock AI’s Data‑Movement Bottleneck
Why Photonics Could Decide the Future of AI Infrastructure Generative AI is turning data movement into one of the biggest constraints in modern data centers. Training clusters now span tens or hundreds of thousands of GPUs. Model sizes have moved beyond 100T...
Only a Handful of SaaS Firms Outpace the Rest
A Few SaaS Names Are Pulling Away From the Pack This chart ranks SaaS companies by NTM revenue growth estimates, and the message is pretty clear: A small group is pulling away, while most of the sector still sits in the mid-teens...
SaaS Valuations: Growth Premiums Vary Widely
Not all SaaS valuations are expensive. Looking at forward P/E vs NTM revenue growth gives a cleaner view of how the market is pricing expected growth across SaaS. $PLTR stands out as one of the fastest growers at roughly 62% expected growth,...
SaaS Volatility Demands Confident Growth Guidance to Rebound
This week turned out to be very volatile for SaaS companies—first, the sector fully recovered after the drop following the release of Anthropic’s new Mythos model, but then ServiceNow’s earnings report triggered a broad selloff across the SaaS market, although...
Nvidia’s Integrated Rubin Slashes AI Inference Costs Tenfold
5 Chip Stocks at the Center of the AI Spending Boom 👇 $NVDA Nvidia benefits from AI more directly than any other company because it sells the integrated system, not just the chip. Vera Rubin combines CPU, GPU, NVLink, ConnectX-9, BlueField-4...
Nebius Secures $2B Nvidia Deal, Targets $
Top 5 AI beneficiaries across the stack 👇 $NBIS – Nebius Group Pure-play AI cloud built around GPU capacity. Business model is simple: rent compute at scale. Secured $2B strategic investment from Nvidia, locking access to next-gen accelerators. Over 2 gigawatts...
Apple’s Low CAPEX May Signal Growth Risk
Let’s compare Big Tech companies’ CAPEX spending—is this a problem for Big Tech? $AAPL has barely increased its CAPEX over the past 10 years. Some investors view this positively, seeing Apple’s business as highly efficient. However, CAPEX investments for Big Tech...
Data‑rich SaaS Firms Poised for AI‑driven Growth
5 fast-growing SaaS companies with strong moats + AI tailwinds 👇 Companies that already own data + distribution are in the strongest position. $SNOW Snowflake | NTM growth +26.2% Snowflake is positioning itself as the core layer for enterprise AI. Tools like...
TSMC Controls AI Chip Supply; Packaging Limits Scale
AI Infrastructure Stack (and who’s actually capturing value) Let’s break down the stack 👇 Semiconductor Foundation (Foundries & Equipment) $TSM TSMC Fabricates nearly all advanced AI accelerators globally. 3nm capacity is heavily reserved for AI workloads, while 2nm ramps require new GAA...
Usage‑Based SaaS Overtakes Seat Model in Valuation
SaaS market has re-rated pricing models. From 2019–2021, seat-based companies earned a valuation premium for predictability. By 2026, that premium has flipped as investors increasingly prefer subscription models tied to usage, output, and AI-driven value creation. Seat-based SaaS traded above other subscription...
Netflix Q1 Solid, Stock Dip Overreacts to News
My Thoughts on $NFLX The Q1 results are generally solid, although revenue growth has slightly slowed to +16.2%, which is still a strong growth rate. The stock dropped 9.6% after the earnings report, and in my view, this is an overreaction...
Netflix Q1 Beats Estimates, Margin Gains Surge
$NFLX Q1'26 Results: ↗️$12.250B rev (+16.2% YoY, +1.7% QoQ) beat est by 0.7% ↗️GM (51.9%, +1.9 PPs YoY) ↗️EBIT Margin (32.3%, +0.6 PPs YoY) ↗️FCF Margin (41.6%, +16.3 PPs YoY)🟢 ↗️Net Margin (43.1%, +15.7 PPs YoY)🟢 ↗️EPS $1.23 beat est by 61.8%🟢 Regional Breakdown UCAN ↘️$5.245B rev (+13.6%...
Palantir's AI Bootcamps Fuel 62% Growth Forecast
Top 5 SaaS Stocks With the Highest Estimated Growth (+AI Tailwinds) 👇 $PLTR — Palantir | +62% NTM growth Palantir is compressing enterprise sales cycles through AIP Bootcamps, moving prospects into live deployments before contracts are signed. In Q4, the company closed...
Shopify’s Full‑Stack Merchant Moat Fuels Double‑Digit Margins
Founder-led software names with strong economic moats to watch 👇 $SHOP | Forward P/S 10.46x Shopify is monetizing the full merchant stack. Not just storefronts. Payments, credit, cross-border, logistics. Merchant solutions now drive ~75% of revenue. Take rate expands with every transaction layer...
Cloudflare's Edge Network Powers Essential AI Infrastructure
Why I’m Bullish on Cloudflare $NET Cloudflare leverages its expansive global network to become critical infrastructure for emerging AI workloads — and it is the kind of infrastructure without which AI cannot function. Cloudflare operates a distributed network that delivers security, networking,...
AI‑powered Threats Boost CrowdStrike’s Growth Prospects
Why I’m Bullish on CrowdStrike $CRWD The increasing use of AI in cyberattacks, along with the rapid advancement of more powerful AI models, is driving both the volume and complexity of cyber threats — making cybersecurity more critical than ever. CrowdStrike Falcon...
SaaS Premiums: Palantir Leads, Momentum vs Value
Most expensive SaaS stocks - where the market is pricing durable growth. Ranked by Forward EV/Sales: $PLTR Palantir | 41.9x $NET Cloudflare | 22.0x $APP AppLovin | 16.6x $CRWD CrowdStrike | 15.5x $FICO Fair Isaac | 9.6x $DDOG Datadog | 9.3x $PANW Palo Alto Networks | 8.2x $FROG JFrog...
SaaS Valuations Hit Near Historic Lows.
Quality SaaS Stocks Are Trading near All-Time Low Multiples 👇 $NOW -58.6% from ATH Forward PE 20.4x Investing
SaaS Growth Leaders Surge Amid Low Valuations
Anthropic’s new Mythos model hit SaaS hard. With valuations now near cycle lows, it may be a good time to look at the names where analysts still expect the strongest NTM revenue growth. Top 10 fastest-growing SaaS names based on NTM estimates: $PLTR...
SaaS Valuations Hit Historic Lows Despite Steady Growth
Negative sentiment in the SaaS software space is intensifying following the release of Anthropic’s new Mythos model, and average valuations across the sector are at historical lows - median EV/Sales for SaaS companies has declined to 3.30x ATL, while analyst-estimated...
Cloudflare Leverages Edge AI for Scalable Growth
IGV is down 27.5% YTD — 5 software stocks to watch👇 $NET — Cloudflare | Forward EV/S: 24.05x Cloudflare runs workloads at the edge through Workers AI and charges for execution, not GPU rental. AI traffic rising across search, agents, and...
AI Fuels Next Cybersecurity Boom: 8 Stocks to Watch
From $244B to $699B: 8 Cybersecurity Stocks Positioned for the Next AI-Driven Security Cycle Growth holds at 12–14% CAGR, driven by expanding attack surfaces and rising digital complexity. Cybercrime is heading toward $10.5T annually, while AI accelerates both offense and defense....
NET's Record ARR Surge Drives Portfolio Dominance
Why is $NET the largest position in my portfolio? 🧵 Revenue growth accelerated to +33.6% YoY, RPO grew +47.9%, cRPO accelerated to +33.1%, and the company added a record level of net new ARR at $210M, up +76% YoY. Customer adds...
Oil Price Hikes Supercharge Devon Energy’s Cash Flow
When oil rises, shale cash flow doesn’t just grow — it accelerates. 👇 $DVN Devon Energy 851k boe/d with $1.5B quarterly operating cash flow. Capex already normalized for flat growth, so upside flows directly to FCF. Variable dividend model amplifies returns. Trades...
Photonics Emerges as AI’s Next Data Bottleneck
From Copper to Light: The Critical Bottleneck Reshaping AI Infrastructure 🧵 Photonics is becoming one of the most important AI bottlenecks. Compute is scaling fast, but moving data between GPUs is now the harder problem. Copper hits power and bandwidth limits....
Nebius AI Cloud Surges 483% with $1.2B Run Rate
Top 7 AI beneficiaries 👇 $NBIS (Nebius) | +483% NTM Nebius is building a pure-play AI cloud, optimized for GPU-heavy workloads. AI cloud run rate already at $1.2B annualized, with rapid regional expansion including new European capacity. Focus is not generic...
MercadoLibre’s Integrated Logistics‑Fintech Flywheel Fuels Growth
4 Stocks Dominating E-commerce + Fintech Outside the U.S. 👇 $MELI MercadoLibre is compounding via a tightly integrated ecosystem. Reinvested 5–6 pts of margin into logistics + credit while handling 500M additional deliveries YoY. Brazil unit shipping costs dropped 11% in local...