Theme
Artificial Intelligence & Compute
The AI compute and infrastructure complex — silicon, cloud and the platforms monetising it.
3 covered names · ranked by upside
Single-name · Consumer Tech
AAPL: a real growth inflection — but the stock has already paid for it
iPhone +22%, China +30%, Services at a record. Real inflection — but triangulated fair value (~$279) sits just below spot. HOLD.
Sector Research
ServiceNow: Institutional Investment Research
An institutional-grade research report on ServiceNow, evaluating the company's competitive positioning, AI integration strategy, and investment thesis.
Macro & Strategy
The SaaSpocalypse & The HALO Trade
Two converging narratives are reshaping the investment landscape: the structural disruption of SaaS by AI agents, and the massive capital rotation toward Heavy Assets, Low Obsolescence companies. Five investment scenarios for 2026–2031.