Research
Research.
Market Insights, weekly and monthly, and single-name equity research. Everything is dated and nothing is edited after the fact.
3 September 2026 · 9 min read
Petróleo Brasileiro S.A. - Petrobras (PBR): Pre-Salt Production Records & Cash Machine
Petrobras, Brazilian state-controlled pre-salt cash machine with a huge dividend yield, perpetually discounted for government interference and Brent cyclicality. Integrated oil major (CEO Magda de Chambriard; gov-controlled), upstream pre-salt + downstream refining + gas/low-carbon.
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Research Summit10 August 2026 · 9 min read
Tower Semiconductor (TSEM): Silicon Photonics AI Supercycle
Specialty analog foundry re-rated into the #1 merchant silicon-photonics (SiPho) foundry of the AI optical-interconnect supercycle. Tower Semiconductor (CEO Russell Ellwanger) runs 200mm/300mm fabs across Israel, the US, Japan and Italy serving RF SOI, SiGe, silicon photonics, power management and image sensors → Intel's $5.4B ($53/sh) buyout collapsed 16/08/23 (no China SAMR approval) → foundry downcycle troughed at $327M in Q1 2024 → QoQ inflection Q2 2024 → RF-infra + SiPho took off: $920M capex for >5x SiPho capacity, 70%+ reserved through 2028 with prepayments → Q1 2026 (13/05/26) INFLECTION: rev $414M +15% YoY, GM 20%→27%, net +62%, first disclosure of $1.3B contracted 2027 revenue + ~$290M prepayments, record Q2 guide → +15% pre-market (STRONG TAKE).
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Research Summit6 August 2026 · 9 min read
Unity Software (U): Vector AI Re-Acceleration
Unity Software, post-Runtime-Fee turnaround of the dominant real-time 3D game-engine + adtech platform, re-accelerating on the Unity Vector AI ad stack and record Unity 6 adoption (CEO Matt Bromberg). IPO 18/09/20 at $52 → ironSource merger 07/11/22 → self-inflicted Runtime Fee debacle 12/09/23 + CEO Riccitiello out 09/10/23 → Bromberg reset 01/05/24, Runtime Fee cancelled Sept 2024, Unity 6 launched 17/10/24 → cyclical trough Q4 2024 −25% YoY → first +YoY inflection Q3 2025 +5% (stock +18%) → Q4 2025 +10% beat but −26% on soft guide → Q2 2026 BLOWOUT: revenue $546.5M (+23.9% YoY, +11.8% QoQ), clean beat vs $514M consensus, adjusted EPS $0.28, Q3 strategic-sales guide $540-550M.
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Research Summit5 August 2026 · 9 min read
DigitalOcean Holdings (DOCN): AI-Native Cloud Acceleration
Developer-cloud-underdog reaccelerating into an AI-native inference platform. DigitalOcean is a $1B+-ARR cloud (CEO Paddy Srinivasan, CFO Matt Steinfort) that spent 2022-24 stuck in a low-teens post-COVID growth trough → Paperspace GPU acquisition (2023) + Srinivasan CEO (2024) seeded the AI pivot → growth inflected Q3 2025 +16% (highest since 2023) → $1B ARR Dec 2025 → Q1 2026 +22% with the formal "AI-Native Cloud" rebrand → Inference Engine launched late Apr 2026.
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Research Summit4 August 2026 · 9 min read
Fortinet (FTNT): AI-Era Firewall Refresh Super-Cycle
Firewall incumbent that turned an AI-disruption fear into an AI-era refresh SUPER-CYCLE. Fortinet, #1 firewall vendor run by founder-CEO Ken Xie on a single FortiOS with in-house FortiASIC silicon; three pillars: Secure Networking, Unified SASE, AI-driven SecOps.
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Research Summit4 August 2026 · 9 min read
Backblaze (BLZE): AI Data-Lake Re-Rating
Neglected post-IPO cloud-storage turnaround re-rating into an AI data-lake infrastructure pure-play. Backblaze (co-founder/CEO Gleb Budman) runs B2 Cloud Storage (consumption IaaS growth engine) + declining legacy Computer Backup on a 19-year internally-built web-scale file system on commodity HDDs.
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Research Summit15 July 2026 · 9 min read
Aehr Test Systems (AEHR): AI/Data-Center Bookings Inflection & Re-Acceleration
EV silicon-carbide burn-in cyclical that pivoted into the AI/data-center wafer-level burn-in inflection. Aehr Test Systems (CEO Gayn Erickson) sells FOX-XP wafer-level and Sonoma packaged-part test-and-burn-in systems plus proprietary WaferPak full-wafer contactor consumables.
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Research Summit7 July 2026 · 9 min read
Rivian Automotive (RIVN): R2 Inflection & Autonomy Pivot
EV maker pivoting from low-volume premium R1 trucks to the mass-market R2 SUV, with a Volkswagen software JV + Uber robotaxi/autonomy optionality layered on top. Rivian Automotive (RJ Scaringe CEO) builds R1T/R1S, commercial vans and the VW JV (RV Tech) software/electrical architecture.
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Research Summit6 July 2026 · 9 min read
NetApp (NTAP): AI Data-Infrastructure Re-Acceleration
30-year storage incumbent re-rating into an AI data-infrastructure re-acceleration story. NetApp (CEO George Kurian) sells ONTAP-based all-flash arrays, Keystone storage-as-a-service and first-party cloud storage on AWS/Azure/Google.
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Research Summit25 June 2026 · 9 min read
BlackBerry (BB): Profitable Growth Inflection
BlackBerry, a completed turnaround from melting ex-smartphone legacy into a profitable QNX-auto-software + Secure-Communications growth story. CEO John Giamatteo (since 12/23) split the company into QNX / Secure Communications / Licensing, cut >$150M of cost, and sold Cylance to Arctic Wolf (closed ~02/25).
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Research Summit24 June 2026 · 9 min read
Take-Two Interactive Software (TTWO): FY2026 acceleration + GTA VI launch run-up
The GTA VI super-cycle setup, a diversified interactive-entertainment publisher whose entire base business is now firing into the most anticipated launch in entertainment history. Run by Chairman/CEO Strauss Zelnick, Take-Two publishes via three labels: Rockstar Games (GTA, Red Dead), 2K (NBA 2K, WWE 2K, Borderlands, Civilization) and Zynga (Toon Blast, Match Factory!, Empires & Puzzles).
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Research Summit24 June 2026 · 9 min read
Nokia (NOK): AI-Optical Re-rate, Infinera + NVIDIA + AI Supercycle
Legacy telecom-equipment vendor re-rating into an AI-optical / data-center-networking infrastructure play. Nokia Oyj (Espoo, Finland) sells Network Infrastructure (Optical, IP, Fixed) + Mobile Infrastructure + Technology licensing; new CEO Justin Hotard (ex-Intel Data Center & AI) took over 01/04/25.
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Research Summit24 June 2026 · 9 min read
Enphase Energy (ENPH): 25D Policy Cliff + Diversification Pivot
The residential-solar microinverter king now caught in a US policy-driven demand cliff while it pivots toward new TAMs. Enphase makes IQ microinverters + IQ batteries for home solar; CEO Badri Kothandaraman.
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Research Summit22 June 2026 · 9 min read
Almonty Industries (ALM): Commercial Production + Financial Inflection
The West's tungsten supply-security pure-play, restarting the world-class Sangdong mine to break China's chokehold on a defense-critical metal. Almonty (Lewis Black, CEO) runs the producing Panasqueira mine (Portugal) plus flagship Sangdong (South Korea), backed by a 15-year floor-priced U.S. defense offtake.
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Research Summit21 June 2026 · 9 min read
Victoria's Secret (VSXY): Blowout Re-rating + Short Squeeze
The canonical intimate-apparel turnaround under Hillary Super, "bring sexy back" rebrand converting into accelerating comps, margin expansion, and a blow-off re-rating. Spun from L Brands 02/08/21 → drifted through an identity crisis ("woke-washing", Adore Me bolt-on, stock to high-teens) → Hillary Super named CEO 09/09/24 launching the Path to Potential strategy → comps inflected positive Q2 2025 (+4%, 28/08/25) → accelerated Q3 2025 (+9% sales, raised guide, +18% stock 05/12/25) → Q4 2025 beat but stock -12% on conservative FY26 guide (05/03/26) → ticker changed VSCO→VSXY 02/06/26 alongside a BLOWOUT Q1 2026: net sales +15% to $1.560B, comp +13% (4th straight positive), adj EPS $0.60 vs $0.31 est (+93%), adj OI $80M vs $32-42M guide, FY26 guide RAISED twice to $7.03-7.13B sales / $4.35-4.60 adj EPS.
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Research Summit21 June 2026 · 9 min read
Ouster (OUST): Physical AI Platform Pivot
Post-Velodyne digital-lidar survivor turning a margin-and-growth turnaround into a unified 'Physical AI' sensing platform. Ouster (CEO/co-founder Angus Pacala) makes digital lidar + perception software for smart infrastructure, industrial automation, robotics and automotive.
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Research Summit11 October 2025 · 2 min read
$NTGR, Netgear Inc. - Likely Regulatory Tailwinds
Netgear represents a compelling opportunity to capitalize on potential U.S. regulatory action against Chinese router manufacturer TP-Link, which commands 65% of the U.S. market.
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Research Summit27 April 2025 · 2 min read
The Triple Ts - Recovery Trade Idea
Criteria to Buy Stocks from here, and an introduction to the Triple Ts.
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Research Summit28 February 2025 · 4 min read
$ASTS, AST SpaceMobile - High Risk, High Reward
AST SpaceMobile (NASDAQ: ASTS) is pioneering space-based cellular broadband, aiming to provide seamless global connectivity to standard smartphones.
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Research Summit5 February 2025 · 3 min read
$GRAB, Grab Holdings - SEA’s Super App
Grab Holdings Limited ($GRAB) is the leading super-app in Southeast Asia, offering ride-hailing, food delivery, financial services, and advertising within a single ecosystem.
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