Research Feed
CRWD: SaaS AI Survival V-Score — The AI Displacement Narrative Is Wrong, But The Stock Isn't Cheap
CrowdStrike dropped 25% in four trading days after Anthropic launched Claude Code Security. The market conflated "AI can find code bugs" with "AI replaces endpoint protection." This is a category error — Claude does static code analysis (competes with Snyk/Veracode), not runtime endpoint detection (
Coupang Data Breach: Trough Valuation or Value Trap?
Coupang (CPNG) sits at a genuine inflection point after South Korea's largest data breach in a decade. 33M customer accounts compromised by ex-employee with insider access (Nov 2025), followed by $1.2B voucher program (announced Dec 29, 2025 via 8-K/A), Korean subsidiary CEO resignation, interim CEO