Markets

Bloom Energy: An AI Power Bottleneck Winner, but How Much Success Is Already Priced In?

A closer look at the Oracle agreement, SOFC economics, competitive moats, and the valuation implied by Bloom Energy’s AI power boom.

Applied Digital Corporation: $36 Billion in AI Data Center Leases, but How Much Value Reaches Shareholders?

1.41GW of contracted capacity, an 89% NOI margin, and billions of dollars of construction spending.

Salesforce, Inc.: Can Agentforce Reaccelerate CRM Growth?

AI revenue is growing fast. The real question is whether it survives cannibalization and becomes free cash flow per share.

Huntington Ingalls Industries: Why Does a Monopoly Shipbuilder With $57 Billion of Orders Trade at 14×?

The market is not doubting HII's orders. It is doubting how profitably those orders become ships.

Sterling Infrastructure: Time to Sell? A Good Company, but About Fair Value Now

The business thesis is intact. The October 6 close is about the base-case present value.

Will Rogo Eat the Financial Intelligence Stack? Two Years with AlphaSense Changed My Answer

Efficient Markets Through a Bayesian Lens: Why Does Everything Seem Priced In?