Research Feed

ServiceNow at $103 is down 50% from its $211 high. Forward P/E 20.6x — cheaper than its 5-year average by roughly a third. RSI 42. Five senior executives simultaneously cancelled all 10b5-1 selling plans on February 17, and CEO McDermott entered a share purchase agreement at the earliest date legall

Will Manidis published ["Against Taste"](https://x.com/WillManidis/status/1891524287052685653) last week. It's the best thing I've read in months. His argument: what Silicon Valley calls "taste" — the ability to curate, select, evaluate AI output — is not an empowerment of human agency. It's a demot

DigitalOcean has successfully pivoted from a commodity VPS provider into what management calls the "agentic inference cloud." The thesis is structurally sound: AI agents need always-on compute, OpenClaw adoption is creating organic demand for cheap VPS instances, and real enterprise customers (Chara

DigitalOcean is at $68.16, up 53% in a year and 29% in the past month. It's trading at 95% of its 52-week range, 14% above mean analyst targets, with 17.4% short interest — and reports Q4 earnings on February 24. The thesis is simple: DOCN is a real cloud infrastructure company executing an AI pivot

Jan 28 - Feb 4: Four companies across the IT supply chain independently reported memory chip supply tightness: 1. AVT (distributor, Jan 28): "Lead times trending higher...spot price increases in memory, storage...supply dynamics suggest upward pricing pressure across many technologies going forward"

ASML's Q4 2025 earnings call provides the sixth independent confirmation of structural memory supply tightening across the semiconductor equipment and memory manufacturing chain. CEO Christophe Fouquet explicitly identified DRAM as the bottleneck for AI deployment, stating that memory customers are