Group 1: Natera - Natera represents 13.2% of the Duquesne Family Office holdings, with a market cap of $28.8 billion, specializing in genetic testing for women's health, oncology, and organ health [4] - The company is currently loss-making but is projected to have revenue growth at a high-teens percentage rate over the next couple of years, with a gross profit margin increasing from 61.8% in Q3 2024 to 64.9% in Q3 2025 [4] - Natera's oncology tests grew by 54% in Q3, making up 24% of total tests, and the bullish case for the stock is supported by its Signatera personalized blood test for detecting molecular residual disease in cancer patients [5][6] Group 2: Taiwan Semiconductor Manufacturing - Taiwan Semiconductor Manufacturing represents 5.4% of the portfolio and has seen an 80% increase over the last year, driven by AI spending [8] - The company reported robust AI-related demand in 2025, while non-AI markets showed only a mild recovery, indicating a dependency on AI spending for future prospects [9] - Capital spending is projected to exceed $101 billion over the next three years due to rising costs and growth support needs, which may limit free cash flow margin expansion opportunities [10][12]

Core Insights - Caesars Entertainment is focusing on strengthening its balance sheet and enhancing digital profitability as it navigates a challenging market environment [1] - The company is under pressure due to high debt levels while trying to achieve consistent profitability in its digital betting operations [6] Financial Performance - As of February 17, 2026, Caesars reported a total revenue of $11.49 billion and a net income of -$502 million [3] - The share price was $18.95, reflecting a decline of 52.1% over the past year, significantly underperforming the S&P 500 by 64.25 percentage points [3] Business Overview - Caesars operates a diversified portfolio of casinos, hotels, and digital betting platforms, targeting both leisure and business travelers as well as gaming enthusiasts [4][5] - The company generates revenue primarily from gaming operations, hospitality services, food and beverage sales, and digital wagering platforms [5] Market Position and Strategy - The merger with Eldorado in 2020 expanded Caesars' national presence but also increased its debt burden, raising investor concerns about leverage reduction and stable earnings [8] - The company earns most of its revenue from regional casinos and Las Vegas Strip properties, with cash flow sensitive to consumer spending and interest rates [8] Future Outlook - Key metrics to monitor include the company's ability to reduce debt while maintaining profitability in regional casinos and its digital platform [9] - Trends in same-property gaming revenue, interest costs, and digital profitability will be critical for assessing the pace of recovery [9]

Core Viewpoint - Palantir Technologies has faced a significant sell-off in the SaaS sector, with its stock down approximately 20% year-to-date, raising questions about its future investment potential [1]. Group 1: Company Performance - Palantir has integrated itself into the AI landscape, enhancing large language models (LLMs) for business applications, acting as an AI orchestration layer that organizes data and reduces AI hallucinations [2][3]. - The company has experienced 10 consecutive quarters of revenue growth acceleration, with last quarter's revenue increasing by 70% and U.S. commercial revenue soaring by 137% [3]. Group 2: Valuation Concerns - Despite its growth, Palantir's stock is considered expensive, trading at a forward price-to-sales (P/S) ratio of 45 times 2026 estimates and a forward price-to-earnings (P/E) multiple exceeding 100 times [4]. - The company is heavily reliant on the U.S. government, which constitutes over one-third of its revenue, making it vulnerable to changes in government priorities and funding [5]. Group 3: Competitive Risks - Palantir is not an AI-native company, which poses a risk of being outperformed by competitors that are built specifically for AI solutions [6]. - If growth slows, Palantir's high valuation multiples could lead to a significant decline in stock value [6]. Group 4: Long-term Outlook - There is potential for Palantir to become one of the largest companies globally, similar to other tech giants that have faced significant market fluctuations [8]. - Current valuation suggests that buying the stock may be more favorable below $110, where it would trade at around 25 times 2027 revenue estimates [9].

Company Overview - FormFactor is a global provider of semiconductor test and measurement technologies, offering devices such as probe cards, analytical probes, probe stations, metrology systems, thermal systems, and cryogenic systems [7] - Core clients include semiconductor companies, research facilities, and tech manufacturers [7] Financial Metrics - Current stock price is $94.56 with a market capitalization of $7.33 billion [3][4] - Revenue for the trailing twelve months (TTM) is $784.99 million [3] - The stock has experienced a 1-year price change of 151.62% [3] Recent Transactions - Seven different board directors, including Kevin J. Brewer, sold shares in February 2026, with Brewer selling 3,000 shares for approximately $289,000 [1][2] - This sale represented 27.01% of Brewer's direct holdings, reducing his shares from 11,105 to 8,105 [5] Market Performance - The stock is currently experiencing its highest gains in a single year since 2023, with significant activity from board directors [8] - The company is positioned for long-term growth due to the increasing reliance of semiconductor manufacturers and tech companies on its products [10]

Company Overview - Berkshire Hathaway is a holding company with a market cap of $1.1 trillion, owning around 190 companies and a $320 billion equity portfolio [2][3] - It is one of the largest companies globally and has a significant presence in the insurance industry, owning GEICO and other insurance products [3] Industry Dynamics - The insurance sector is facing disruption from digital insurance companies like Lemonade, which are growing rapidly compared to traditional insurers [4][6] - Lemonade's platform is designed as a connected ecosystem, giving it an edge over legacy insurers in terms of agility and data utilization [7] Financial Performance - Lemonade reported a 31% year-over-year increase in in-force premium in the fourth quarter of 2025, with an adjusted EBITDA loss reduced to $5 million [8] - Management projects Lemonade will achieve profitability on an adjusted EBITDA basis this year and expects to reach positive net income next year [7] Market Position - Lemonade is appealing to a younger demographic, positioning itself for growth as these customers enter major life stages like home and car ownership [7] - Despite its smaller size, Lemonade is seen as a potential growth stock, contrasting with Berkshire Hathaway's established model [12] Investment Considerations - While Lemonade presents a growth opportunity, it operates under a different model than Berkshire Hathaway, which has a more diversified portfolio [11] - Investors may consider Lemonade for growth potential, especially if they have a long-term investment horizon and a higher risk appetite [12]

Numerous companies shared crucial information about AI and semiconductor trends.In today's video, I discuss recent updates affecting Micron Technology (MU +2.36%) and other AI stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Feb. 13, 2026. The video was published on Feb. 14, 2026. ...

Core Viewpoint - American Express and Visa are strong investment options, with Visa being more compelling due to its business model and current valuation [1][11]. Group 1: Company Performance - American Express has increased by 160.4% over the last five years, outperforming the S&P 500's 73.7% gain [1]. - Visa has experienced a decline of 11.2% over the past year, while American Express has consistently outperformed the S&P 500 for five consecutive years [6]. Group 2: Business Models - Visa operates as a payment processor without bearing credit risk, partnering with banks like JPMorgan Chase, which issues cards and assumes credit risk [2]. - American Express functions as both a payment processor and card issuer, making it riskier due to its exposure to credit risk and high costs associated with rewards programs [4]. Group 3: Financial Metrics - Visa is characterized as a capital-light, high-margin business, with expenses primarily related to labor, cybersecurity, and marketing, allowing it to generate profits without significant capital investment [5]. - Visa is currently trading at a discount to its five-year median price-to-earnings (P/E) and price-to-free-cash-flow (FCF) ratios, while American Express is trading at a premium [6]. Group 4: Market Concerns - Visa, Mastercard, and American Express have seen declines between 8.8% and 10.4% year-to-date, attributed to consumer spending concerns and a proposed 10% cap on credit card interest rates [8]. - The proposed cap may lead to limited credit access for consumers with lower credit scores, potentially increasing reliance on higher-interest options like payday loans [9]. Group 5: Investment Appeal - Visa is well-positioned to navigate economic uncertainty and industry policy changes, making its current valuation attractive for investors [11]. - Visa is recognized as a leading card brand globally, with a solid balance sheet and international exposure, appealing to a wide range of investors [12][13].

Core Viewpoint - Microsoft and Nvidia are currently trading at historically low valuations, presenting a significant buying opportunity for investors [1][2]. Group 1: Stock Valuation - The price-to-forward earnings ratio is highlighted as the best metric for valuing companies in the rapidly evolving AI landscape, as it reflects future potential rather than past performance [4][5]. - Both Nvidia and Microsoft are currently valued at low levels compared to their historical performance, making them attractive investments [5][7]. Group 2: Company Performance and Growth - Nvidia is positioned to benefit significantly from AI spending, with its GPUs being essential for AI model training and inference, and analysts project a 65% growth in fiscal year 2027 [8]. - Microsoft is experiencing substantial growth in its cloud computing platform, Azure, which has risen 39% year over year in Q2 FY 2025, driven by demand from AI companies [10]. - The integration of AI features into Microsoft's core software suite is expected to contribute to its growth alongside its cloud services [10]. Group 3: Market Context - The recent tech sell-off is viewed as an opportunity for investors to acquire shares of Nvidia and Microsoft, which are seen as resilient and high-growth stocks [11].

Company Overview - Shift4 Payments provides integrated payment processing, point-of-sale systems, eCommerce solutions, and business intelligence tools for merchants across multiple channels, specifically targeting stadiums, entertainment venues, and eCommerce [9] - The company reported a total revenue of $3.88 billion and a net income of $170.20 million for the trailing twelve months (TTM) [4] - As of February 10, 2026, the stock price was $59.81, reflecting a one-year price change of -51.1% [4][8] Recent Developments - Maestria Partners LLC disclosed a significant investment in Shift4 Payments, increasing its holding by 143,763 shares valued at approximately $10.16 million during the fourth quarter of 2025 [2] - The value of Maestria's position in Shift4 rose by $3.68 million, influenced by both share purchases and stock price movements [2] - This investment comes at a pivotal time as founder Jared Isaacman has recently left the company to become the NASA Administrator [7] Financial Performance - Despite a decline in stock value, Shift4 Payments experienced a revenue increase of nearly $3.0 billion, which rose by 22% compared to the same period in 2024 [11] - Operating income increased by 39% over the same timeframe, indicating better operational performance despite a significant income tax benefit affecting net income [11] Competitive Position - Shift4 Payments differentiates itself from other fintech companies by specializing in services for the hospitality industry, providing a competitive advantage over more generalized providers like PayPal [10] - The company's strategy focuses on delivering seamless, secure, and omni-channel payment experiences, leveraging its proprietary technology stack and broad integration capabilities [6]

Core Insights - Whetstone Capital Advisors, LLC sold all its shares in monday.com Ltd., amounting to 79,172 shares valued at approximately $15.33 million, during the fourth quarter of 2025 [2][6] - The sale reflects a broader trend of divesting from SaaS stocks that may struggle in the evolving market landscape influenced by artificial intelligence [6][11] Company Overview - monday.com Ltd. is a cloud-based software provider specializing in work management solutions, with a market capitalization of $3.80 billion and a revenue of $1.23 billion for the trailing twelve months (TTM) [4][5] - The company reported a net income of $118.74 million (TTM) and offers a scalable SaaS platform to enhance organizational workflows and collaboration [4][5] Market Performance - As of February 12, 2026, shares of monday.com Ltd. were priced at $73.63, reflecting a significant decline of 76.8% over the past year, underperforming the S&P 500 Index by 89.7 percentage points [7][10] - The stock's price has fluctuated between $68.68 and $316.98 over the past 52 weeks, indicating high volatility [10] Investment Implications - The decision to sell monday.com was significant as it was the largest position closed by Whetstone in the fourth quarter, suggesting a strategic shift in the fund's investment approach [6][9] - Despite the sale, Whetstone maintains a substantial investment in technology stocks, indicating a selective approach rather than a complete withdrawal from the sector [10]