Core Viewpoint - The article discusses the continued potential for growth in AI-powered stocks, highlighting three companies with significant upside for 2026, despite the overall market showing high valuations after strong performance in previous years [2][3]. Group 1: Adobe - Adobe's stock has faced challenges due to concerns about AI's impact on its core products, yet it has shown solid operating results with steady revenue growth driven by customer acquisition and pricing strategies [5][9]. - The company has successfully launched Adobe Express, contributing to a growing user base of over 70 million across its freemium offerings, with a 15% increase in monthly active users (MAU) last quarter [6][7]. - Analysts from Jefferies and DA Davidson have set a price target of $500 for Adobe, indicating a potential upside of 41% from its current price, supported by strong operating results and a forward P/E ratio below 15 [9]. Group 2: Atlassian - Atlassian focuses on enterprise software for project planning and collaboration, serving over 300,000 customers and millions of MAUs, with a successful migration to a cloud-based platform [10][11]. - The company reported a 26% increase in cloud revenue last quarter and a 42% rise in remaining performance obligations, indicating strong growth potential [11]. - Bernstein analyst Peter Weed has set a price target of $304 for Atlassian, suggesting an 85% upside, driven by rapid top-line growth and potential margin expansion [14]. Group 3: Marvell Technology - Marvell Technology specializes in networking chips and custom AI accelerators, collaborating with major companies like Microsoft and Amazon [15]. - Despite recent concerns about competition from Broadcom, Marvell's CEO noted that it has not lost business from key clients, and the company is expected to continue growing in the custom AI accelerator market [18]. - Evercore ISI analyst Mark Lipacis raised Marvell's price target to $156, indicating an 88% upside, supported by strategic acquisitions and a strong position in custom AI solutions [19].

Core Viewpoint - The cloud computing market is experiencing significant growth, with a projected CAGR of 20.4% from 2025 to 2030, driven by its cost-effectiveness and ability to enhance productivity across various industries [4]. Group 1: Cloud Computing Industry Overview - Cloud computing is gaining traction as it reduces operating costs associated with on-site data centers and IT management, allowing enterprises to pay only for the resources they use [2]. - The technology enhances productivity, agility, flexibility, and scalability while providing secure, low-latency services for applications and data backup [3]. Group 2: Market Growth Projections - The global cloud computing market is expected to grow at a CAGR of 20.4% from 2025 to 2030, impacting sectors such as healthcare, finance, education, retail, and manufacturing [4]. Group 3: Featured Cloud Computing Stocks - **Amazon.com, Inc.**: Dominates the cloud market with AWS, which has a broad customer base and offers over 200 services. The stock has gained 4.1% in the past six months, with earnings estimates up 15.1% since December 2024 [6][8]. - **Atlassian Corporation**: Provides cloud-based software solutions for collaboration, with a potential $18 billion annual revenue opportunity. The stock has gained 10.5% in the past month, and earnings estimates have increased by 19.6% for the current fiscal year [9][11]. - **Cloudflare, Inc.**: Offers integrated cloud services and is expanding in cybersecurity. The stock has gained 76.3% in the past year, with long-term earnings growth expectations of 26.8% [12][14].

Core Insights - Cloud computing is becoming increasingly popular due to its cost-effectiveness, allowing enterprises to reduce operating costs associated with on-site data centers and IT management [1][2] - The global cloud computing market is projected to grow at a CAGR of 20.4% from 2025 to 2030, impacting various industries such as healthcare, finance, education, retail, and manufacturing [3] - Cloud computing stocks are currently favored by investors, with a focus on companies that have strong fundamentals and Zacks Rank [4] Company Insights - **Amazon.com, Inc. (AMZN)**: Dominates the cloud computing market, particularly in the IaaS sector through Amazon Web Services (AWS), which is a high-margin business. AWS's expanding customer base is expected to support Amazon's market leadership [5][6] - **Atlassian Corporation (TEAM)**: Offers cloud-based software solutions for collaboration and workforce management. The company anticipates an $18 billion annual revenue opportunity from its existing customer base, with a focus on integrating generative AI features to enhance its offerings [10][11] - **Cloudflare, Inc. (NET)**: Provides a suite of integrated cloud services, including cybersecurity solutions. The company is well-positioned for growth through its Zero Trust security integrations and has a strong presence in the cybersecurity domain [13][14] Performance Metrics - **Amazon (AMZN)**: Has an average broker recommendation of 1.17, with a stock gain of 4.1% over the past six months. Earnings estimates for the current fiscal year have increased by 15.1% since December 2024 [7] - **Atlassian (TEAM)**: Holds an average broker recommendation of 1.54, with long-term earnings growth expectations of 20.5%. The stock has gained 10.5% in the past month, and earnings estimates have risen by 19.6% and 9.7% for the current and next fiscal years, respectively [12] - **Cloudflare (NET)**: Exhibits long-term earnings growth expectations of 26.8%, with a stock gain of 76.3% over the past year. Earnings estimates have increased by 9.6% and 11.5% for the current and next fiscal years, respectively [15]

Core Insights - The focus is on providing a clear and disciplined analysis of companies, emphasizing the importance of understanding what is working and what isn't in the market [1] Company Analysis - The analysis aims to give individual investors an honest view of potential risks and opportunities without chasing narratives [1] Market Perspective - The approach is data-driven, prioritizing numbers and the underlying business performance over speculative narratives [1]

Group 1 - Neuberger Berman High Yield Strategies Fund Inc. announced that Joseph Lind will become Co-Head of Special Situations effective December 31, 2025, and will cease his portfolio management responsibilities by December 31, 2026 [1] - Steve Ruh has been appointed as co-Portfolio Manager of the Fund, effective December 31, 2025 [1] Group 2 - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $558 billion across various asset classes for global institutions, advisors, and individuals [2] - The firm has over 2,900 employees in 26 countries and has been recognized as the 1 Best Place to Work in Money Management by Pensions & Investments for eleven consecutive years [2]

Core Insights - Spectrum's investments in workforce development, including tuition-free education and structured career progression, are enhancing employee skills and retention, leading to improved customer experiences [1][2][6] Employee Development Initiatives - The tuition-free Education Benefit, launched in 2023, allows employees to pursue education without upfront costs, with 13% of the workforce participating, particularly in frontline roles [2][3] - Employees utilizing the Education Benefit have a 20% higher promotion rate and are 19% more likely to remain with the company [2][6] - Self-progression programs enable employees to advance their careers at their own pace, with over 70% of Field Operations employees reaching the top progression level, an increase from 60% the previous year [4][6] Internship and Career Path Programs - Spectrum's paid high school internship program, active since 2021, prepares students for careers in Customer Operations, with many interns transitioning to full-time roles post-graduation [5][6] - Examples of successful career paths from internships include employees who have advanced from entry-level positions to more specialized roles while utilizing the Education Benefit [7][8] Employee Benefits - Spectrum offers competitive starting wages of at least $20 per hour, a market-leading retirement plan with up to 9% company contribution, and an Employee Stock Purchase Plan [11] - The company has absorbed healthcare premium increases for 13 consecutive years, providing high-quality, affordable health care [11]

Group 1: Leadership Changes - Jeff Bezos will become co-CEO of Project Prometheus, an AI startup focused on manufacturing in automotive, aerospace, and computing sectors [1] - Binance has appointed co-founder Yi He as co-CEO alongside Richard Teng, reflecting a trend of joint leadership in technology companies [3] - Oracle, Comcast, and Spotify have also announced co-CEO appointments, indicating a growing trend among high-profile firms to share leadership roles [4] Group 2: Co-CEO Structure Rationale - The complexity of running technology businesses suggests that a single leadership structure may no longer be optimal, as it encompasses various areas such as AI, global regulation, and cybersecurity [5] - Successful co-CEO arrangements are exemplified by Netflix and Atlassian, which have maintained this structure for years, indicating its viability in the tech industry [6]

Core Insights - The AI-driven bull run of 2023 and 2024 continues into 2025, with AI-centric stocks poised for significant growth [1] Group 1: AI Stocks with Growth Potential - Several AI stocks have experienced double-digit negative returns in 2025, but five stocks with favorable Zacks Ranks show potential for growth [2] - The identified stocks are Marvell Technology Inc. (MRVL), Atlassian Corp. (TEAM), Adobe Inc. (ADBE), Workday Inc. (WDAY), and Snap Inc. (SNAP), all carrying Zacks Rank 1 (Strong Buy) or 2 (Buy) [3] Group 2: Marvell Technology Inc. (MRVL) - MRVL is a key player in the solid-state drive controllers market, benefiting from increasing demand due to growing data volumes [6] - In Q3 fiscal 2026, MRVL's revenues grew 36.8% year-over-year, driven by data center growth and recovery in enterprise networking [7] - MRVL's acquisition of Celestial AI, expected to close in Q1 fiscal 2027, will enhance its capabilities in optical interconnect technology [8] - The expected revenue and earnings growth rates for MRVL are 21.7% and 25.7%, respectively, for the next year [8] Group 3: Atlassian Corp. (TEAM) - TEAM is benefiting from the demand for remote working tools, with over 1 million monthly active users engaging with its AI features, a 25X year-over-year increase [11] - The company's focus on generative AI features is expected to drive long-term revenue growth [13] - Atlassian has an expected revenue and earnings growth rate of 20.8% and 29.4%, respectively, for the current year [14] Group 4: Adobe Inc. (ADBE) - ADBE has integrated AI applications across its products, including the introduction of generative AI-driven Adobe Firefly [15] - The company is diversifying into digital marketing services using its AI-driven cloud platform [16] - ADBE's expected revenue and earnings growth rates are 9.2% and 13.3%, respectively, for the current year [18] Group 5: Workday Inc. (WDAY) - WDAY's diversified product portfolio and cloud-based business model are key growth drivers, with strong customer wins across various sectors [19] - Significant investment from Elliott Investment Management is expected to drive innovation and AI integration [20] - WDAY has an expected revenue and earnings growth rate of 12.1% and 17.4%, respectively, for next year [21] Group 6: Snap Inc. (SNAP) - SNAP's integration of AI is transforming user interaction and creating monetization opportunities beyond traditional advertising [22] - The partnership with Perplexity will generate $400 million over one year, enhancing SNAP's AI capabilities [23] - SNAP has an expected revenue and earnings growth rate of 13.4% and 52.3%, respectively, for next year [25]

Core Viewpoint - Atlassian (TEAM) shares have seen a modest increase of 0.3% over the past four weeks, closing at $156.54, with analysts suggesting a potential upside of 50.4% based on a mean price target of $235.48 [1] Price Targets - The average of 25 short-term price targets ranges from a low of $178.00 to a high of $320.00, with a standard deviation of $36.8, indicating variability among analysts [2] - The lowest estimate suggests a 13.7% increase, while the highest points to a 104.4% upside [2] Analyst Sentiment - Analysts are increasingly optimistic about TEAM's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which historically correlate with stock price movements [4][11] - The Zacks Consensus Estimate for the current year has risen by 25.7% over the past month, with no negative revisions reported [12] Zacks Rank - TEAM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, suggesting a strong potential for upside [13] Conclusion on Price Targets - While the consensus price target may not be a reliable indicator of the extent of TEAM's potential gains, the implied direction of price movement appears to be a useful guide for investors [14]

Core Insights - The interview features Mike Cannon-Brookes, co-founder and CEO of Atlassian, discussing the company's evolution, its innovative business model, and the impact of AI on its future [1][2]. Company Background - Atlassian was founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, initially launching with Jira, a project and issue-tracking tool, followed by Confluence, a team collaboration platform [1][2]. - The company has transitioned from downloadable software to a cloud-based model and is now focusing on AI integration [1][2]. Business Model and Strategy - Atlassian's self-serve business model was shaped by the absence of venture capital, allowing the company to grow organically [2][36]. - The company initially focused on providing software that could sell itself, requiring low prices and a fully installable offering to build trust with customers [36][38]. - Atlassian's revenue grew significantly from $800,000 in its first year to $12 million in its fourth year, indicating a successful business model [46]. Product Development and Evolution - The company started with a focus on Jira, which evolved from a bug tracker to a business workflow tool used by millions [23][24]. - The launch of Confluence in 2004 marked a significant moment, allowing Atlassian to diversify its product offerings and reduce risk by having multiple products [46][57]. - Atlassian's products are now used by a wide range of industries, with less than half of its users being in technology teams, highlighting the company's broad market appeal [65]. AI Integration - The company has been utilizing machine learning for a long time and views the recent advancements in AI, particularly LLMs, as a major opportunity for enhancing its business [78]. - Cannon-Brookes believes AI will serve as a force multiplier for human creativity and problem-solving, ultimately improving the quality of technology produced [81].