Core Insights - Clients of tech consulting firms are transitioning from an AI experimental phase to the implementation of projects, indicating a shift towards practical applications of AI technology [1] Group 1 - The Chief Executive Nigel Vaz highlighted the movement of clients towards project implementation [1]

Core Viewpoint - Robbins LLP has announced a class action lawsuit against Gemini Space Station, Inc. for allegedly misleading investors regarding its initial public offering (IPO) and subsequent financial disclosures [1][2]. Group 1: Allegations and Misleading Information - The lawsuit claims that Gemini overstated the viability of its cryptocurrency platform and its commitment to expanding internationally, leading to inflated post-IPO financial prospects [2]. - The offering documents and public statements made by Gemini were allegedly materially false and misleading throughout the class period [2]. Group 2: Stock Performance and Corporate Changes - Following a blog post by the Winklevoss brothers on February 5, 2026, announcing significant operational changes, Gemini's Class A common stock price dropped by $0.64, or 8.72%, closing at $6.70 per share [3]. - On February 17, 2026, Gemini reported preliminary unaudited financial results for the fiscal year ended December 31, 2025, with net revenue estimated between $165 million and $175 million and operating expenses projected to be $520 million to $530 million, marking a 40% increase from the previous year. This announcement led to a further decline in stock price by $0.975, or 12.9%, closing at $6.585 per share [4].

Core Insights - SoftServe has been awarded the 2026 NVIDIA Partner Network (NPN) Energy/Utilities Partner of the Year for its contributions to the utilities and oil & gas industries, particularly in addressing energy demands and weather-related disruptions using NVIDIA technologies [1][2]. Company Achievements - The award recognizes SoftServe's role in accelerating innovation and advancing intelligent energy frameworks, validating its position as a key player in the energy sector [2]. - SoftServe has previously received multiple accolades from NVIDIA, including the 2025 Americas NPN Service Delivery Partner of the Year and the 2024 Consulting Partner of the Year for EMEA, showcasing its strong support within the NVIDIA community [3]. Technological Innovations - The company focuses on grid modernization and autonomous grid operations through AI, digital twins, advanced simulation, and robotics, aiming to produce tangible business results for utilities and O&G companies [3]. - SoftServe's demonstrations at the GTC 2026 event include an AI-enabled solar field robot and a grid modernization demo that utilizes digital twins and agentic AI to enhance safety and decision-making in power infrastructures [4][5]. Industry Impact - The global NPN Program provides partners with the expertise to develop energy-efficient computing solutions, turning complex AI strategies into productive business outcomes [3]. - SoftServe's efforts in the oil & gas sector include showcasing autonomous offshore operations and AI-driven platforms for inspections and safety on offshore oil rigs [5].

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Core Insights - Orange Business and Tech Mahindra have entered exclusive negotiations to form a non-equity global strategic partnership aimed at accelerating digital transformation for enterprises worldwide, focusing on AI, automation, and secure digital platforms [2][9] - The partnership is designed to enhance regional collaboration, product innovation, and the utilization of existing platforms to deliver scalable and AI-powered solutions [2][4] Group 1: Strategic Goals and Market Positioning - The partnership aligns with Orange Business' ambition to become the global leader in secure connectivity for enterprises, reflecting its commitment to investing and expanding in global markets [3][8] - The collaboration aims to deepen engagement with existing customers and accelerate new customer acquisition, thereby expanding Orange Business' international footprint and service portfolios [4][9] Group 2: Operational Efficiency and Capabilities - The partnership will leverage Tech Mahindra's delivery agility and scale to enhance automation, operational efficiency, and competitiveness, ultimately delivering greater value to customers [5][6] - A comprehensive review of current operations will identify areas for leveraging Tech Mahindra's expertise to maximize the partnership's impact, focusing on speed, scalability, and customer experience [6][7] Group 3: Future Outlook and Impact - The proposed 5-year partnership aims to fast-track next-generation solutions for international customers by combining the strengths of both companies in networks, platforms, cloud, and cybersecurity [9][10] - The collaboration is expected to serve as a significant growth catalyst for both companies, enhancing operational excellence and market reach while maintaining core values of trust, performance, and responsibility [8][10]

Group 1 - EPAM Systems' shares fell 16.4% this week despite beating earnings expectations, indicating investor concerns about future growth guidance [1][2] - In Q4, EPAM reported a revenue increase of 12.8% to $1.41 billion and adjusted EPS growth of 14.8% to $3.26 per share, but organic revenue growth was only 5.6% for Q4 and 4.9% for the full year [2][3] - Management's guidance for 2026 revenue growth is projected between 4.5% and 7.5%, with organic growth between 3% and 6%, suggesting a slowdown in growth expectations [3] Group 2 - Management stated that there is no pricing pressure from AI, but enterprises are taking longer with IT plans, which may slow down growth [4] - A significant client of NOERIS, a subsidiary acquired by EPAM, is reducing business, which will negatively impact EPAM's 2026 growth rate by about one percentage point [4] - Following the sell-off, EPAM trades at a valuation of just under 11 times this year's adjusted EPS guidance, which appears low compared to other consulting firms [5][6]

Corporate Developments and Market Moves - Capgemini is divesting its U.S. subsidiary, Capgemini Government Solutions, with its stock trading at €131.20 on Euronext Paris [5] - Bain Capital is set to acquire Japanese personal care company Finetoday Holdings for approximately 200 billion yen [5][6] - CVC Capital Partners is divesting its shares in Finetoday as part of this acquisition, with its stock recently trading at €14.93 on the Amsterdam Stock Exchange [6] - Indonesian retail giant Alfamart plans to open over 100 convenience stores in Bangladesh with an initial investment of $50 million, potentially increasing to $120 million in subsequent phases [7] Macroeconomic Trends and Regional Outlook - Chinese President Xi Jinping is advocating for the Renminbi to achieve global reserve currency status, which is part of a broader strategy to enhance China's financial security and international influence [8] - The region anticipates significant events, including upcoming elections in Thailand and Japan, and the Singapore Airshow 2026, which is expected to feature over 1,000 companies and more than 100,000 attendees [9]

Core Insights - IBM has recently outperformed market expectations, reporting a revenue of $19.69 billion in the fourth quarter, which is a 12.1% increase year-over-year and surpasses the anticipated $19.21 billion [2][5] - The company's stock surged by 9% to $321, driven by impressive financial results and strong growth in its software segment [2][5] - Despite strong current performance, IBM's guidance for 2026 forecasts only a 5% sales growth, raising concerns about future growth prospects [3][5] Financial Performance - IBM reported adjusted earnings per share of $4.52 on sales of $19.69 billion, exceeding Wall Street's expectations of $4.30 EPS on $19.22 billion in sales [3] - The strong growth in the software segment was a key contributor to the positive financial outcome [3] Strategic Developments - IBM's GenAI order book is valued at $12.5 billion, primarily consisting of consulting services, which have seen a growth of just 1% [4] - The recent $11 billion acquisition of Confluent has raised concerns, particularly as the growth of Red Hat is slowing [4] - Despite challenges, the demand for AI cloud services remains high, providing potential growth opportunities for IBM [4] Market Position - Daniel Ives from Wedbush set a new price target for IBM at $340, indicating a 15.58% increase from its current trading price of $294.16 [1] - IBM competes with other tech giants like Microsoft and Amazon in the cloud and AI sectors [1]

Core Viewpoint - The current market conditions present a buying opportunity for dividend stocks like Noble Corporation, Booz Allen Hamilton, and United Parcel Service, which are undervalued despite their solid fundamentals [1][2]. Noble Corporation (NE) - Noble Corporation is a major offshore drilling contractor with a stock price recovery underway, currently down from highs above $53, making it a solid recovery bet [3][5]. - The company benefits from favorable government policies and the potential opening of Venezuela's oil reserves, which are the largest in the world at approximately 303 billion barrels [4]. - Noble Corporation has a $7 billion backlog, exceeding its $5.13 billion market cap, and a free cash flow per share of $2.44, comfortably covering its $0.50 quarterly dividend [5]. Booz Allen Hamilton (BAH) - Booz Allen Hamilton is a tech company primarily serving government intelligence agencies, with a market cap of $11.65 billion and significant growth potential despite recent revenue declines [6][7]. - The stock is down over 47% since November 2024 due to budget cuts affecting government contracts, but revenue is projected to recover from $11.37 billion in FY 2026 to growth in FY 2027 [8]. - The company has reported earnings surprises for the past four quarters, and while the dividend yield is 2.28%, there is an anticipated upside of approximately 50% in the coming year [9]. United Parcel Service (UPS) - United Parcel Service is a well-known shipping company that has seen its stock price drop from $213 to $83 since 2021, but it is now recovering and expected to exceed $150 [11]. - The company's revenue growth has been modest, with a 0.12% increase in 2024 and expected declines of 3.21% in 2025 and 0.2% in the current year, largely due to the post-COVID e-commerce boom [12]. - UPS carries over $15 billion in net debt, impacting its bottom line, but improvements are expected as the Federal Reserve begins to cut rates, making its over 6% dividend yield more attractive [13].

Core Insights - Gryphon Investors has completed the sale of its portfolio company 3Cloud, a dedicated Microsoft Azure services provider, to Cognizant Technology Solutions Corporation [1] Company Overview - 3Cloud, founded in 2016 and headquartered in Chicago, Illinois, specializes in Microsoft Azure solutions, including AI enablement, modern data engineering, and Azure managed services [2][5] - The company has grown organically at over 20% per year since Gryphon's initial investment in June 2020, increasing its scale by approximately 12 times [2] Transaction Details - The transaction was initially announced on November 13, 2025, with financial terms not disclosed [1] - Gryphon was represented by Lazard for transaction advisory and Kirkland & Ellis for legal matters, while Cognizant was represented by Mayer Brown [3] Gryphon Investors Overview - Gryphon Investors is a middle-market private investment firm with over $10 billion in assets under management, focusing on sectors such as Business Services, Healthcare, and Technology Solutions [4] - The firm emphasizes forming strong partnerships with management teams to build high-quality companies and generate enduring value [4]