Micron is leaning into the boom in chips used for artificial intelligence, with a newer product line that could make its business less tied to the usual ups and downs of consumer gadgets. But the same cycle that can lift prices can also slam them, and the fight with bigger rivals plus rising U.S.–China tensions could quickly change the story.Read more

The prevailing narrative surrounding Adobe Inc. in the mid-2020s has been characterized by a profound sense of technological anxiety.Read more

️ Business Overview Key Metrics Total: 8/17 +2 ✅✅ Projected Operating Margin: 31.57% +0 ⚠️ Projected 5-Year Revenue CAGR: 6.38% +1 ✅ Last 5-Year ROIC: 18.20% +1 ✅ Estimated Cost of Capital: 9.33% (less than ROIC) +1 ✅ Last 5-Year Shares Outstanding CAGR: -0.78% -1 ❌ Projected 5-Year EPS CAGR: 7.29% (given that the companies can "manipulate" in a sense this values, below 10% it represents a negative) +1 ✅ Projected 5-Year Dividend CAGR: 15.01% +1 ✅ Estimated Debt Rating: A1 +2 ✅✅ Morningstar Moat: Wide +0 ⚠️ Morningstar Uncertainty: Medium Ferrari is a solid company, racing with a wide moat with its worldwide known brand that results in a very high operating margin. The fact that its ROIC is almost double its cost of capital (WACC) gives us good reasons to believe in its investment decisions.Read more

MicroStrategy no longer acts like a typical software company—it mainly behaves like a high-octane way to ride Bitcoin’s ups and downs, often with bigger swings than Bitcoin itself. The big question is whether its aggressive plan to keep buying more Bitcoin keeps working, or whether debt, share dilution, and shifting investor mood turn that power into a painful reversal.Read more

Update 27th Jan 2025 My original narrative was primarily based on Aswath Damodaran's Nvidia narrative and valuation. The recent news from DeepSeek further supports this narrative.Read more