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How I Think About SBC in Valuation
Every time software stocks decline, the internet rediscovers SBC and turns it into a hot take factory because software is basically the poster child for…
 • Elliot
SaaS Isn’t Dead, the Pricing Model Might Be
Something broke in software over the last few months.
 • Elliot
NVDA Acqui-hires Groq’s Talent and Inference IP
A month ago I wrote about why the so-called circularity in the semiconductor ecosystem isn’t some weird flaw it’s rational, and in many cases the best…
 • Elliot
Forget the Bubble Talk: NVDA, MSFT, and GOOGL Are Playing Completely Different AI Games
There has been so much noise lately on X about AI circularity that it is almost becoming its own cottage industry.
 • Elliot
GOOG Earnings: Business is Solid, Stock is Cheap, but Macro + Search Risk Keep It Grounded
GOOG put up a strong Q1with revenue growing 14% y/y in constant currency, GAAP profit was up 20%, and margins came in better than expected.
 • Elliot
TSMC Earnings Recap: Strong Fundamentals, One Big Risk
TSMC's earnings just dropped, and after combing through the numbers, nothing really jumped off the page.
 • Elliot
New Portfolio Addition: Revisiting a Category Leader in Customer Engagement (BRZE)
Made a new addition to the portfolio on Friday, a company I have been following for a few years and have owned in the past but sold in '24 in the mid…
 • Elliot
Recession Fears Mount After Trump’s Tariff Surprise
Well, that escalated fast.
 • Elliot
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