@tiernanray
Tiernan Ray is editor and publisher of The Technology Letter, a newsletter advising on tech stock investment, at www.thetechnologyletter.com, and has covered techn and business for thirty years. Also ZDNet AI reporter: https://bit.ly/3ZBYJo4
Adobe badly needs a visionary at the helm
The Narayan era at Adobe was one of talking up business metrics such as “RPO” and other very dry stuff about “SaaS.” Adobe needs a visionary to show how the company will lead in an era of change.
www.thetechnologyletter.com/the-posts/ad...
$ADBE
Buyers name software’s price: a look at the deals
Here’s a fun game you can play at home: Which aging software giant will try to make up for a lack of innovation by acquiring a younger firm currently in the bargain bin?
$CRM $NOW $DT $MSFT $TWLO
www.thetechnologyletter.com/the-posts/bu...
Cohesity CEO: ‘AI is a tsunami coming at you, you’re either buried or you surf it’
“Thirty to forty percent of our code now is being generated with Claude Code.”
www.thetechnologyletter.com/the-posts/co...
Oracle by the numbers ain’t pretty
Most important, the level of customer “concentration” is not being disclosed, a serious risk for the company.
www.thetechnologyletter.com/the-posts/or...
$ORCL
Meta, Nvidia rush to agentic AI even as software stocks get cut further
Software vendors keep sinking in valuation while Nvidia prepares to unleash more of the AI stuff that is shutting down networks.
www.thetechnologyletter.com/the-posts/me...
$NVDA $META $AMZN $CRM
www.thetechnologyletter.com/the-posts/so...
So, Google’s YouTube is the biggest media company in the world
The giant’s clever curation of “skinny bundles” has produced over 150 million paying video subscribers. Who wouldn’t want that! It’s now a half-trillion-dollar business.
$GOOGL
www.thetechnologyletter.com/the-posts/iv...
Stargate always seemed farcical. Why didn’t I trust my gut?
$ORCL
Micron: Yes, it is, kind of, different this time
Micron’s market is still cyclical, but the slope of this current cycle suggests a stock crash is not imminent.
$MU
www.thetechnologyletter.com/the-posts/mi...
BE Semiconductor sometimes seems like one step forward, two steps back
Shares of BE Semiconductor sold off hard on Friday based on several millions of a meter’s worth of chip design.
www.thetechnologyletter.com/the-posts/be...
$BESI
Samsara is doing just fine, let’s see if the stock holds gains
Software maker Samsara has continued to demonstrate what you call “durable growth.”
www.thetechnologyletter.com/the-posts/sa...
$IOT
Broadcom says it has its costs under control, leading the Street to speculate about profit hitting $20 per share next year, or even more, which would make the stock very reasonable on a P/E basis.
www.thetechnologyletter.com/the-posts/pr...
$AVGO
The TL Podcast for March 4th: Wall Street is bipolar
The Citrini letter is another example of how the Street swings from one extreme to another, the mirror image of the fantastical price targets for software back in 2021.
www.thetechnologyletter.com/the-posts/th...
Zscaler CEO: The market is totally irrational
“Try to imagine Claude Code writing a distributed system for inline inspection of traffic and detecting any cyber issues!”
www.thetechnologyletter.com/the-posts/zs...
$ZS
Innodata CEO: Potential disasters of agentic AI are a great opportunity
“The big impediments to enterprise adoption are things that can be solved with data engineering.”
www.thetechnologyletter.com/the-posts/in...
$INOD
CoreWeave’s profit slips further away, but look at the growth
CoreWeave missed its own profit projections for the quarter, but the surging revenue projection for $30 billion or more two years from now is pretty much all that matters to the bulls.
$CWV
www.thetechnologyletter.com/the-posts/co...
The past two weeks have been a great time to reflect on the potentially catastrophic effects of agentic AI in production. Recommended reading:
www.zdnet.com/article/ai-a...
www.zdnet.com/article/how-...
Nothing Nvidia does can move the stock
Wednesday night once again brought stellar results from Nvidia, but little movement in the stock. The bulls are absolutely bemused at why investors are unmoved when Nvidia does so well.
www.thetechnologyletter.com/the-posts/no...
$NVDA
What’s working now: Circle’s stability in crypto, Clear Secure’s rising order book
Among highlights of the week’s earnings reports, Circle Internet’s USDC “stable coin” appears to have been a haven amidst Bitcoin’s double-digit decline.
www.thetechnologyletter.com/the-posts/wh...
$CRCL
Don’t touch that dial because there are plenty more earnings reports on tap for this evening, including Nvidia and Snowflake.
$NVDA $SNOW
The TL20 group of stocks to consider, which is heavily weighted to semiconductors and semi equipment, is up 338% since inception in July of 2022
The moral of the story is that it pays to follow long-term trends such as these.
$KLAC $NVDA $AVGO
A very hot chip-cooling technology caught in a shareholder war
Innventure is a conglomerate whose properties include a potentially very valuable player in the AI data center race, a startup with novel chip cooling technology known as Accelsius.
www.thetechnologyletter.com/the-posts/a-...
Wall Street’s Best Ideas: Don’t ask a fox like Anthropic to guard the hen house
Analysts covering Palo Alto Networks and other security firms are pushing back on the notion Anthropic’s Claude Code Security is the end of cyber-security.
www.thetechnologyletter.com/the-posts/wa...
$PANW
BE Semi gets closer to the pivotal moment
Although BE Semi shares sold off Thursday, we are getting closer to the pivotal moment when its victory in DRAM manufacturing becomes evident.
Subscriptions to TL are $1 a week for the first four weeks.
www.thetechnologyletter.com/the-posts/be...
$BESI
AI haves and have-nots: Analog Devices surges, Similarweb crashes
Analog Devices rides the data center craze, Similarweb struggles with AI deals
Subscriptions to TL are $1 a week for the first four weeks.
www.thetechnologyletter.com/the-posts/ai...
$ADI $SMWB $PANW
Twilio CEO: Customers want us to help them give AI a brain
“Those are the kinds of things people have been trying to figure out with large language models in general, is how to give them a brain, basically.”
www.thetechnologyletter.com/the-posts/tw...
$TWLO
The TL Podcast for February 15th: Catching up with American Superconductor
“The problems of the grid that we solve are going to be persistent for a very long time. And we're in a unique position to take advantage of that.”
www.thetechnologyletter.com/the-posts/th...
$AMSC
Dynatrace CEO: No bank is going to vibe-code their most critical apps
“We believe that observability is in fact the control plane for successful enterprise AI.”
Subscriptions to TL are $1 a week for the first four weeks.
www.thetechnologyletter.com/the-posts/dy...
$DT
Arista surges as Street plays customer roulette
It’s a variation on a familiar game the Street plays, guessing which enormously wealthy companies in artificial intelligence will be the new marquee customer for Arista Networks.
www.thetechnologyletter.com/the-posts/ar...
$ANET
It’s another bad omen for software companies generally when a giant growing fast, Shopify, sees its stock plunge in spite of a huge buyback. Nothing but good news for data center supplier Vertiv, whose shares are soaring on Wednesday.
www.thetechnologyletter.com/the-posts/ve...
$SHOP $VRT
Yes, the good times can keep rolling for Micron
Memory chip prices may remain tight into 2028 given how long it takes to get new factory production underway.
www.thetechnologyletter.com/the-posts/ye...
$MU