Welcome back to Fast Market here on the Schwab network. I'm Diane King Hall alongside Tom White in our Chicago studio. Time now for our cash tag segment on Salesforce. For that, we want to bring in our next guest and that's Landon Swan, co-founder of Likefolio. Uh Landon, I know you've got a couple charts with you and uh the comparison to me, I'm not surprised to see uh a Salesforce, but there are, you know, by the comparison, some things stand out to me in terms of both the leadership and the laggers. But ...

Core Insights - The article discusses the latest insights from technology companies regarding AI's impact on their industries, particularly focusing on Adyen and Airbnb's advancements in AI technology and its applications in their business models [1][2]. Adyen - Adyen has introduced Dynamic Identification, which enhances real-time decision-making for payments, improving conversion rates and reducing costs while managing risks more effectively [2][4]. - During peak shopping events, approximately 95% of shoppers were recognized through Dynamic Identification, showcasing its effectiveness in both online and in-store channels [2][4]. - Dynamic Identification is designed to combat the limitations of traditional, document-based identity verification methods, allowing for more adaptive and precise risk assessments [2][6]. - The new Personalize module within Adyen Uplift, developed in the second half of 2025, helps merchants balance payment costs and conversion rates by personalizing the payment experience based on shopper behavior [4][10]. - Pilot tests of the Personalize module showed a 6% improvement in conversion rates and a 3% reduction in transaction costs for merchants [10]. Airbnb - Airbnb has deployed an AI agent for customer support, which currently resolves one-third of support issues, significantly speeding up resolution times [11][12]. - The company plans to expand the AI agent's capabilities globally, aiming to enhance customer support quality while reducing costs [12][13]. - Airbnb is developing an AI-native experience within its app to personalize user interactions, helping guests plan trips and assisting hosts in managing their businesses more effectively [13][14]. - Management believes that integrating AI will not negatively impact profitability, as the company focuses on cost-efficient innovations without significant capital expenditures [13][14]. - Airbnb's strategy includes leveraging AI to enhance search functionalities, with ongoing tests for AI search capabilities aimed at improving user experience [16][17]. Arista Networks - Arista Networks has exceeded its AI center networking revenue goal of $1.5 billion for 2025 and anticipates doubling this figure to $3.25 billion in 2026 [18][19]. - The company is positioning itself as a leading provider for AI data centers, focusing on interoperability with major players like NVIDIA and AMD [20][28]. - Arista's networking products are designed to handle both training and inference for AI models, with a focus on reducing congestion and improving performance metrics [22][23]. - The company has seen a significant increase in purchase commitments, reaching $6.8 billion by the end of Q4 2025, primarily driven by demand for AI-related products [25][26]. Cloudflare - Cloudflare has secured significant contracts with leading AI companies, establishing itself as a preferred infrastructure provider for AI applications [36][39]. - The company is witnessing a shift towards AI-driven demand for its services, with AI agents generating significantly more outbound requests compared to traditional applications [42][43]. - Cloudflare's management emphasizes the efficiency of its infrastructure, claiming it can achieve up to 10 times the workload from the same GPU compared to hyperscalers, thus attracting more AI compute spending [45].

Market Overview - U.S. stock markets are closed on February 16th, 2026, for Presidents' Day, following a week of volatility and concerns about the sustainability of the AI boom [1] - Investors ended the week on a steady note, with major indexes showing resilience after a mid-week rout [2] Index Performance - The S&P 500 rose 0.05% to close at 6,836.17, while the Dow Jones Industrial Average increased by 0.10% to 49,500.93 [2] - The Nasdaq Composite fell 0.22% to 22,546.67, primarily due to a 2.2% drop in Nvidia [2] AI Disruption Narrative - The market is pricing in risks associated with "AI disruption," leading to a sell-off in software and service-oriented tech companies [3] - Companies like Alphabet and Microsoft are central to the debate on AI infrastructure costs versus revenue gains [3] Semiconductor and Hardware Strength - Semiconductor and hardware companies showed strength, with Applied Materials surging over 8% after a strong Q1 earnings report [4] - Rivian Automotive's stock soared 26.64% following an earnings beat, marking a positive development for the electric vehicle sector [4] Upcoming Market Events - Investors are preparing for a busy week of economic data and corporate earnings, including the release of the Federal Reserve's January meeting minutes [5] - Walmart is set to report quarterly results on February 19th, which will provide insights into consumer health [6] Economic Indicators - January Retail Sales data is expected to show modest growth, with a significant "data dump" on Friday including a projected 3% annualized growth rate for Q4 2025 GDP [7] Corporate Highlights - Coinbase gained 16.5% due to stock buybacks and positive stablecoin legislation outlook, while AppLovin experienced volatility, rebounding 6.4% after a previous drop [8]

EQT is weighing a sale of its stake in software as a service provider Thinkproject https://t.co/M6qJF6BTMl ...

Group 1 - Significant investors have taken a bullish stance on Datadog (NASDAQ: DDOG), with 27 uncommon options trades identified, indicating potential insider knowledge of upcoming events [1][2] - The overall sentiment among large traders is 59% bullish and 22% bearish, with a total of $1,075,973 in call options and $645,240 in put options [2] - The predicted price range for Datadog over the recent three months is between $125.0 and $290.0, based on trading activity [3] Group 2 - Analyzing volume and open interest trends is crucial for understanding liquidity and investor interest in Datadog's options, particularly within the strike price range of $125.0 to $290.0 over the past 30 days [4] - Datadog's current trading volume is 1,682,852, with a price increase of 0.44% to $137.7, and the stock is currently neutral according to RSI readings [10] - Analysts have set an average price target of $172.5 for Datadog, with individual targets ranging from $140 to $195 from various firms [9][10][11] Group 3 - Datadog is a cloud-native company specializing in machine data analysis, offering a software as a service platform that enables clients to monitor and analyze their IT infrastructure in real time [8]

Core Insights - Alliance Creative Group, Inc. (ACGX) is transitioning from traditional real estate assets to a diversified portfolio of AI-enhanced digital media, marketing, and e-commerce platforms, setting the stage for growth in 2026 [1][3][9] Financial Performance - Revenues for Q2 2025 were reported at $22.734 million [2] - Total assets as of September 30, 2025, amounted to $1.132 billion [2] - The company ended Q3 2025 with $203,162 in cash and a public market capitalization of approximately $480,000 [2] Strategic Developments - ACGX has launched and acquired multiple new digital properties, marking a significant shift towards a connected network of digital assets [3][6] - The company emphasizes long-term shareholder value, focusing on reducing debt and fixed overhead while prioritizing scalable digital properties [3][7] Investment Highlights - ACGX holds 1,693,086 shares of PeopleVine, Inc., with ongoing discussions for a partial sale to reinvest in high-upside projects [4] - The company owns 20% of the Say Less Spritz brand following a debt-to-equity conversion [5] Digital Asset Strategy - ACGX's strategy involves targeting undervalued online properties and modernizing them with AI-driven innovations to enhance traffic and revenue [9] - The company aims to create a shared-resource ecosystem to improve operational efficiency and long-term growth [8][9]

Core Viewpoint - DeFi Development Corp. intends to offer up to $65 million of 10.00% Series C Cumulative Perpetual Preferred Stock to fund general corporate purposes, including the acquisition of Solana (SOL) and working capital [1][2]. Group 1: Offering Details - The offering will consist of shares with a 10.00% annual cash dividend based on a $100 liquidation preference, payable quarterly starting December 31, 2025 [3]. - Holders of the Series C Preferred Stock can convert their shares into common stock under certain conditions [4]. - The Company reserves the right to redeem the Series C Preferred Stock under specific circumstances, including if the total liquidation preference falls below 25% of the total issued [5]. Group 2: Market and Listing Information - There is currently no public market for the Series C Preferred Stock, but the Company has applied for listing on The Nasdaq Capital Market under the symbol "CHAD" [6]. - The offering is being conducted under an effective registration statement with the SEC, and a preliminary prospectus is available [7]. Group 3: Company Overview - DeFi Development Corp. has a treasury policy focused on accumulating and compounding SOL, providing investors with direct exposure to the Solana ecosystem [9]. - The Company operates its own validator infrastructure for staking rewards and is engaged in decentralized finance (DeFi) opportunities [9].

Core Insights - DeFi Development Corp. has acquired 86,307 SOL at an average price of $110.91, increasing its total SOL holdings to 2,195,926 SOL, valued at approximately $426 million, representing a 4.7% increase [1][8] Company Strategy - The company has adopted a treasury policy focusing on accumulating and compounding SOL, providing investors with direct economic exposure to the Solana ecosystem [4] - The newly acquired SOL will be held long-term and staked with various validators, including the company's own Solana validators, to generate native yield [2] Financial Metrics - As of October 15, 2025, the total shares outstanding are 28,888,178, with a SOL per share (SPS) of 0.0760, equating to an SPS value of $14.67 [8] - The adjusted share count, including exercised and remaining warrants, would be approximately 31.9 million, with expectations that SPS will not fall below the pre-financing level of 0.0675 [3]

Investment Performance Summary - The Large Cap Composite (Gross) achieved a quarterly return of 4.7% and a year-to-date return of 10.0% [3][10] - The Small Cap Composite (Gross) reported a quarterly return of 4.3% and a year-to-date return of 6.6% [16] - The Focus Composite (Gross) had a quarterly return of 3.8% and a year-to-date return of 7.3% [20] - The All Cap Composite (Gross) recorded a quarterly return of 5.7% and a year-to-date return of 9.9% [29] Company Contributions and Detractors - Medpace Holdings Inc. was a significant contributor to performance, with revenue growing at a mid-teens rate and operating earnings up 20% year-over-year [13][33] - Alphabet Inc. also contributed positively, benefiting from a favorable remedies decision in an antitrust case [14][34] - CarMax Inc. was identified as a material detractor, experiencing a 5% decline in retail volumes due to market volatility [15][19] Strategic Actions - Fiserv Inc. was purchased during the quarter, expected to generate over $5 billion in free cash flow, which will be used for share repurchases [11][31] - CBRE Group Inc. was sold to reallocate capital to more discounted businesses, despite its strong market position [12][32] - No new positions were added in the Small Cap and Focus strategies during the quarter [17][21] Market Conditions and Outlook - Stock price volatility was noted earlier in the year due to tariff-related concerns, leading to capital allocation towards stable value companies [8] - The overall market is perceived as not cheap, but the portfolios maintain a margin of safety with attractive price-to-value ratios [9][10] - The used car market remains volatile, but CarMax is expected to leverage its competitive advantages for long-term growth [15][19]

Core Insights - Significant investors have adopted a bearish stance on Datadog, with 58% of trades being bearish compared to 30% bullish [1] - The trading activity indicates a price target range for Datadog between $115.0 and $220.0 over the past three months [2] Options Activity - A total of 39 trades were detected, with 10 puts amounting to $462,449 and 29 calls totaling $4,964,800 [1] - Noteworthy options activity includes various call trades with differing sentiments, including bearish and bullish expectations [9] Current Market Position - Datadog's current stock price is $164.66, reflecting a 6.56% increase, with a trading volume of 3,288,017 [14] - Analysts have set an average price target of $180.0, with individual targets ranging from $170 to $190 [12]