RT BrianEMcGrath (@BrianEMcGrath)I’ve been building AI automation in manufacturing for the past year. The thing nobody tells you: the breakthroughs aren’t coming from one technology.They’re coming from convergence — AI + robotics + energy economics compounding simultaneously. The Exponentialist on Real Vision with @DMattin and @RaoulGMI is the only community I’ve found tracking where these intersections form next. Link below.https://t.co/65CcjBXIsM ...

分组1: Market Overview - The pre-Davos market exhibited overwhelming bullish sentiment, while the post-Davos environment is characterized by renewed volatility, the Sell-America trade, a rallying gold price, and a consistently weak dollar [1] - A critical shift in global discourse from de-globalization to a new world order necessitates immediate re-imagining of supply chains, partnerships, and advancements in domestic AI and automated manufacturing in the US [1] 分组2: Investment Themes - The anticipated volatility should be viewed as a sign of an emergent market rather than a negative one, with a shift from the MAG7 to 'magnificent thematics' including new world order, AI automation, innovation, and longevity [2] - Investors are encouraged to focus on the other 473 companies in the S&P 500 rather than just mega-caps, as every company is now effectively a tech company [2] 分组3: Stock Recommendations - CRISPR Therapeutics (NASDAQ:CRSP) is highlighted as a stock expected to double by 2030, with a maintained Outperform rating and a reduced price target from $86 to $80, indicating an undervalued pipeline [7][8] - Summit Therapeutics Inc. (NASDAQ:SMMT) is also expected to double by 2030, with the FDA accepting its BLA for ivonescimab, targeting a significant unmet need in non-small cell lung cancer [12][14]

Core Insights - PennyMac Financial Services reported significant improvements in financial performance for the full year 2025, with pretax income increasing by 38% and net income rising by 61% year over year, achieving a return on equity (ROE) of 12% and an 11% growth in book value per share [1][6]. Financial Performance - For Q4 2025, PennyMac's net income was $107 million, or $1.97 per share, despite challenges from an interest-rate-driven surge in mortgage prepayments [4][6]. - The company ended the quarter with $734 billion in servicing unpaid principal balance (UPB) and $4.6 billion in liquidity, declaring a quarterly dividend of $0.30 per share [6][20]. Production Segment - The production segment saw pretax income of $127 million in Q4, slightly above the previous quarter, with total acquisition and origination volumes reaching $42 billion in UPB, a 16% sequential increase [7]. - In correspondent lending, PennyMac acquired over $30 billion in loans, up 10% sequentially, although correspondent margins declined due to increased competition [8]. - In consumer direct, originations increased by 68% and locks rose by 25% sequentially, although higher volumes were offset by lower margins [10]. Servicing Segment - The servicing portfolio expanded to $734 billion in UPB, but the servicing segment recorded a decline in pretax income to $37 million, primarily due to higher prepayment activity [12][13]. - Loan servicing fees remained flat as MSR sales offset growth from the owned portfolio, with custodial funds managed averaging $9.1 billion, up from $8.5 billion in the previous quarter [14]. Technology and Efficiency Initiatives - Management is implementing technology and servicing initiatives, including the rollout of "Vesta" and AI automation, which are expected to reduce origination costs by approximately 25% and improve loan officer efficiency by about 50% [5][17]. - These changes are projected to save around 240,000 hours in 2025 and contribute to a targeted increase in operating ROE into the mid-to-high teens [5][19]. Market Outlook - Looking ahead, the company anticipates an increase in operating ROE from "lower double digits" early in the year to "mid to high" double digits as capacity and initiatives take effect [19]. - Management noted that January volumes were consistent with Q4, with a shift towards higher-margin direct lending channels expected to support higher production segment income in Q1 2026 [19].

分组1 - Sherry Paul from Morgan Stanley discusses market volatility, emphasizing it as a normal part of investing and indicating a shift from the 'Magnificent Seven' to 'magnificent thematics' such as AI automation and innovation [1][2] - The MAG7 companies are evolving into diversified holding companies, with traditional sector labels becoming distorted as tech firms venture into new industries [2] - Paul recommends an equal-weight approach for ETF investors to avoid over-concentration in mega-cap stocks and suggests focusing on the remaining 473 stocks in the S&P 500 for investment opportunities [2] 分组2 - Apellis Pharmaceuticals Inc. (NASDAQ:APLS) has an average upside potential of 47.33%, with Bank of America upgrading its rating to Buy, citing undervalued prospects for its drug Empaveli in treating rare kidney diseases [7][8] - Wells Fargo has reduced its price target for Apellis to $26 from $29, reflecting a slower-than-expected commercial ramp for Empaveli, while cutting revenue estimates for 2026-2030 by 20% to 50% [9][10] - Vera Therapeutics Inc. (NASDAQ:VERA) shows an average upside potential of 55.09%, with Bank of America raising its price target from $48 to $66 due to increased revenue forecasts for its lead drug [11][12] - Goldman Sachs and JPMorgan have also raised their price targets for Vera Therapeutics, reflecting a broader market potential and positive developments in its drug pipeline [12][13]

Group 1 - U.S. job postings for middle management roles were approximately 42% lower in late 2025 compared to April 2022, indicating a significant decline in available positions [1] - Companies are flattening their organizational structures to reduce costs and enhance decision-making speed, leading to fewer management openings despite the ongoing need for middle management functions [2] - The primary role of middle managers involves translating expectations and priorities between senior leadership and operational teams, ensuring effective communication and actionable steps [3] Group 2 - Middle managers serve as a vital link within organizations, gathering insights from various levels and facilitating collaboration across functional silos [4] - As organizations become flatter, often due to cost-cutting measures, middle managers can enhance their value by fostering communication and sharing insights among peers [4] - Effective collaboration led by middle managers can reduce friction within organizations and align teams with overarching objectives [4]

Core Insights - Nextech3D.AI has acquired KraftyLab to enhance its experiential technology platform, aiming to scale operations significantly [1][4] - KraftyLab specializes in virtual team-building experiences for large corporations, boasting a client list that includes major companies like Google, Meta, Netflix, and Spotify [4][5] - The acquisition is expected to leverage AI to automate onboarding processes and expand the number of experiences offered from 100 to potentially thousands [4][7] Company Overview - KraftyLab was founded to create experiences that bring people together, particularly in the corporate sector, which saw increased demand for virtual engagement during COVID-19 [5][6] - The company initially focused on consumer events but pivoted to corporate experiences after recognizing greater opportunities in that market [6] Strategic Synergies - The partnership between Nextech3D.AI and KraftyLab is seen as highly synergistic, with Nextech's AR technology set to enhance KraftyLab's offerings by allowing HR executives to interact with 3D models of team-building kits [7][8] - The collaboration aims to address challenges in visualizing products from various vendors, thereby expanding KraftyLab's capabilities and enhancing global connectivity for clients [8]

Core Viewpoint - ServiceNow, Inc. is expected to report strong earnings growth, with analysts projecting a profit increase of 23.1% year-over-year for Q4 2025, despite recent stock underperformance and concerns over a significant acquisition [1][2][4]. Financial Performance - The company has a market capitalization of $153.1 billion and is anticipated to report earnings per share (EPS) of $0.48 for Q4 2025, up from $0.39 in the same quarter last year, marking a 23.1% increase [1]. - For the full fiscal year 2025, analysts expect an EPS of $1.96, reflecting a 36.1% increase from $1.44 in fiscal 2024, with further growth projected to $2.37 in fiscal 2026, a year-over-year increase of 20.9% [2]. Stock Performance - Over the past 52 weeks, ServiceNow's shares have declined by 30.9%, underperforming the S&P 500 Index, which rose by 16.2%, and the State Street Technology Select Sector SPDR ETF, which returned 22.9% [3]. Acquisition and Market Sentiment - The recent decline in stock price is attributed to investor reactions to the company's $7.75 billion acquisition of cybersecurity firm Armis, which is the largest in ServiceNow's history and raises concerns about balance sheet risk and strategic direction [4]. - KeyBanc Capital Markets downgraded the stock to "Underweight" from "Sector Weight," citing fears that AI automation could reduce software seat counts and pressure long-term demand, contributing to negative market sentiment [5]. Analyst Ratings - The consensus opinion on ServiceNow stock is highly bullish, with a "Strong Buy" rating from 33 out of 43 analysts, while the mean price target of $225.02 indicates a potential upside of 51.2% from current levels [6].

Core Insights - Salesforce's Agentforce is experiencing significant growth, with an annual recurring revenue (ARR) of $540 million in Q3 FY26, representing a 330% year-over-year increase [1][9]. Group 1: Agentforce Performance - Since its launch, Salesforce has closed over 18,500 Agentforce deals, with 9,500 being paid transactions, indicating strong market adoption [2]. - More than 50% of new Agentforce bookings are from existing customers, showcasing customer retention and expansion [2]. - Agentforce has processed 3.2 trillion tokens since launch, with 540 billion tokens processed in October alone, reflecting a 25% sequential increase [2]. - The platform has achieved 1.2 billion LLM calls to date, with over 200 million calls processed in Q3 FY26, indicating robust early adoption [3]. Group 2: Business Model and Revenue Growth - The consumption-based model, supported by flexible payment options like Flex Credits, is driving demand for Agentforce, which may enhance recurring revenue growth over time [4]. Group 3: Competitive Landscape - Microsoft and ServiceNow are also advancing AI automation in the enterprise market, with Microsoft integrating AI features into Dynamics 365 and ServiceNow automating IT service management and customer support [5][6]. Group 4: Financial Performance and Valuation - Salesforce shares have declined by 2.5% year-to-date, compared to a 4.9% decline in the Zacks Computer – Software industry [7]. - The company trades at a forward price-to-sales ratio of 5.47, which is below the industry average of 7.55, indicating potential undervaluation [10]. - The Zacks Consensus Estimate for Salesforce's fiscal 2026 and 2027 earnings suggests year-over-year increases of approximately 15.10% and 10.53%, respectively, with recent upward revisions [13].

Core Insights - Nextech3D.AI's acquisition of KraftyLab is described as a "transformational" move that positions the company for significant future growth [1][3] Financial Performance - KraftyLab generates annual revenue between $1.1 million and $1.2 million with a gross margin of 72% [4] - The acquisition adds over 400 enterprise clients, including major companies like Google, Meta, Microsoft, Netflix, and Oracle, enhancing Nextech's brand credibility and market access [4] Customer Base and Growth Potential - The combined customer base of Nextech3D.AI, KraftyLab, Eventdex, and MapD exceeds 1,000 clients globally, indicating substantial scale and growth potential [5] - KraftyLab's average customer spend is currently around $2,000, but integration with Nextech's AI event solutions could increase this to as much as $200,000 [7] Future Projections - By 2026, Nextech3D.AI anticipates having 1,000 global customers and achieving the highest margin revenue in its history [8] - The company expects triple-digit top-line growth in 2026, driven by both existing customer relationships and new inbound leads valued at approximately $1 million each month [9]

5/As agents become persistent actors rather than one-shot responders, trust shifts from output quality to verifiable behavior.Enterprises need automation that produces verifiable evidence, not opaque assertions.That’s exactly what @PolyhedraZK is building: Long-horizon AI automation with proofs attached. ...