Kennedy is a GARP-themed investor with a bias towards companies with aggressive growth prospects, en route to becoming highly profitable in 1-2 years.His investment philosophy emphasizes long-term discipline, consistent alpha, and a pinch of salt (risk).He writes to empower the underprivileged and improve financial literacy.The Curious Analyst is an associate of Kennedy NjagiAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a b ...

Group 1 - Kennedy is a GARP-themed investor focusing on companies with aggressive growth prospects that are expected to become highly profitable within 1-2 years [1] - The investment philosophy emphasizes long-term discipline, consistent alpha generation, and an awareness of risk [1] - The Curious Analyst is associated with Kennedy Njagi, indicating a collaborative approach in investment analysis [1] Group 2 - The article does not provide specific company or industry insights, focusing instead on the investment philosophy and approach of the analyst [2]

Core Insights - Shopify is enhancing its long-term revenue base through its Subscription Solutions segment, which accounted for 24.6% of total revenues in Q3 2025 [1][11] Subscription Solutions Performance - Subscription Solutions revenues increased by 14.6% year-over-year to $699 million, driven by strong demand for higher-priced plans and sustained merchant engagement [2][11] - Monthly Recurring Revenues (MRR) rose by 10.3%, with Shopify Plus now representing 35% of MRR, contributing to higher Average Revenue Per User (ARPU) and long-term customer retention [2][11] - The segment maintains gross margins around 80%, providing solid operating leverage despite increased investments in AI, product enhancements, and international expansion [3] Market Context and Competition - The subscription e-commerce market is projected to grow to $6.88 trillion by 2032, presenting a significant long-term growth opportunity for Shopify [3] - Shopify faces rising competition from Commerce.com and eBay, with Commerce.com focusing on flexible, enterprise-grade subscription solutions [6][7] - eBay reported a 10% increase in Gross Merchandise Volume (GMV) to $20.1 billion, highlighting its strong position in the e-commerce market [8] Financial Outlook - Shopify anticipates overall revenue growth in the mid-to-high 20% range for Q4 2025, indicating the stability and strategic importance of its subscription business [5][11] - The Zacks Consensus Estimate for 2025 earnings is $1.46 per share, reflecting a 12.31% year-over-year growth [15]

Group 1 - Google stock continues to perform well despite a negative market environment, driven by the rollout of Gemini 3 and the Nana Banana Pro image generator from Google DeepMind, indicating potential for further stock price increases [1] - Starbucks has reported its first positive comparable sales in over two years, suggesting a faster-than-expected turnaround under the new CEO, which presents a favorable outlook for the company [2] - Healthcare REIT Welltower is performing remarkably well as interest rates decline, indicating a positive trend for REITs in the current market [2]

Core Insights - Alphabet's stock reached a new high on November 19, closing approximately 3% higher after the launch of its AI model, Gemini 3, which enhances AI performance and investor optimism [1] - The company is showing strong momentum across its core businesses, with a market capitalization of around $3.54 trillion, positioning it towards a potential $4 trillion valuation driven by AI [2] Financial Performance - Alphabet reported its first-ever $100 billion revenue quarter, with AI significantly boosting results across various segments including search, advertising, YouTube, cloud computing, and subscription services [3] - The search and other revenue reached $56.6 billion, reflecting a 15% year-over-year increase, driven by new AI features that enhance user experience and commercial value [6] Subscription Growth - The subscription ecosystem is rapidly expanding, with over 300 million paid subscribers across Google One and YouTube Premium, indicating strong recurring revenue streams [4] Investor Confidence - Investor confidence was bolstered by Berkshire Hathaway's new stake in Alphabet, adding credibility to the bullish outlook for the company's stock [4] - GOOGL shares have surged 80% in the past six months, with continued AI advancements suggesting further growth potential [5] Cloud Segment Performance - Demand for AI-driven solutions has led to a strong performance in the cloud segment, with a backlog increasing by 46% from the previous quarter to reach $155 billion [3]

Core Insights - Alphabet has significant advantages in distribution, owning the leading browser (Chrome) and smartphone operating system (Android), both with over 70% global market share, making it a primary gateway to the internet for most users outside China [1] - The company has developed a competitive large language model, Gemini, which is gaining market share, aided by its popular AI image-editing tool [2] - Alphabet's Google search engine faces increasing competition due to the rise of AI, but it maintains a strong position in the merging "discovery" business [3] Investment Activity - Berkshire Hathaway recently opened a $5 billion position in Alphabet, indicating confidence in the company's future prospects [5][6] - The investment decision may reflect a long-standing recognition of Alphabet's value, as Warren Buffett previously expressed regret for not investing earlier [5] AI and Cloud Computing - Alphabet is integrating AI features into its search solutions, enhancing user experience and driving query growth [7] - The company has a robust digital ad network, which is a significant competitive advantage, as it effectively supports both local and global advertising campaigns [8] - Alphabet's cloud computing platform is well-positioned, supported by its advanced AI model Gemini and custom AI accelerator chips (TPUs), which provide cost and power efficiency advantages [9][10] Additional Business Segments - Alphabet owns YouTube, the leading streaming service, which continues to show solid growth [11] - The company is making strides in quantum computing and expanding its Waymo robotaxi business, indicating diversification and innovation [11] Valuation - Alphabet is trading at a forward price-to-earnings ratio of approximately 25.5 times 2026 analyst estimates, suggesting it is not overpriced given its growth potential [12]

Core Insights - GoDaddy has launched the Agent Name Service (ANS) API, enabling developers to build and test integrations for AI agents, enhancing trust in the agentic ecosystem [1][7] - The ANS aims to provide a reliable identity naming system for AI agents, combining human-readable names with cryptographically verifiable identities [1][7] - The initiative is designed to facilitate interoperability across various protocols while ensuring operational rigor in agent lifecycle management [7] Group 1: ANS API Launch - The ANS API is now live, allowing developers to generate keys and explore endpoints for agent registration and discovery [7] - GoDaddy has also launched the ANS Standards site, which includes the latest open API specifications and implementation guidance [1][7] Group 2: Trust and Interoperability - ANS is positioned as a backbone of trust for the agent economy on the open web, leveraging GoDaddy's extensive experience in domain names and certificate infrastructure [1][7] - The system incorporates a protocol-agnostic adapter layer to ensure compatibility with emerging standards while using familiar PKI/X.509 for identity verification [7] Group 3: Operational Features - ANS provides lifecycle controls for agent registration, renewal, and revocation, essential for production deployments [7] - The service includes enrollment of agent certificates and status checks to enable cryptographic verification before data exchange [7]

Group 1 - The recommendation to buy Alphabet (NASDAQ: GOOG) shares is reiterated, indicating a positive outlook on the company's stock performance [1] - This article serves as a continuation of a previous coverage initiation thesis published on December 12, 2024, suggesting ongoing analysis and research on Alphabet [1] Group 2 - The analyst has no current stock, option, or similar derivative positions in any of the companies mentioned, ensuring an unbiased perspective [2] - The article expresses the author's own opinions and is not influenced by compensation from any company mentioned [2]

Group 1 - The recommendation to buy Alphabet (NASDAQ: GOOG) shares is reiterated, indicating a positive outlook on the company's stock performance [1] - This article serves as a continuation of a previous coverage initiation thesis published on December 12, 2024, suggesting ongoing analysis and research on Alphabet [1] Group 2 - The analyst has over 5 years of experience in equity analysis in Latin America, providing clients with in-depth research and insights for informed investment decisions [1]

Core Insights - Alphabet's stock has increased by 17% in the past month, but Meta Platforms may present a more advantageous investment opportunity due to stronger revenue growth and profitability [2] - Meta's quarterly revenue growth stands at 26.2%, while Alphabet's is at 15.9%. Over the last 12 months, Meta's revenue growth is 21.3%, compared to Alphabet's 13.4% [2] - Meta's profitability is superior, with a last twelve months (LTM) margin of 43.2% and a three-year average margin of 37.4% [2] Financial Comparison - A side-by-side comparison of financials shows that Meta outperforms Alphabet in growth, margins, momentum, and valuation multiples [3] - Detailed revenue and operating income comparisons are available for both companies, highlighting the differences in their financial health [4] Market Performance - Historical market performance data indicates cumulative total returns since the start of 2020, with specific metrics such as win rate and maximum drawdown being relevant for investors [5] - The Trefis High Quality (HQ) Portfolio, which includes 30 different stocks, has consistently outperformed benchmarks like the S&P 500, S&P mid-cap, and Russell 2000, indicating a strategy of diversified investments [8]