If you missed Semis parabolic run here are 5 undervalued sectors ready to run next…

1. SaaS/ Tech Services - $IGV $MSFT $ZETA $SHOP

2. Fintech - $HOOD $SOFI $DLO

3. Cyber - $CRWD $PANW $FTNT

4. Crytpo - $BTC $ETH $MSTR $BMNR

5. Healthcare - $UNH $OSCR $NVO $HIMS

Stop worrying about what could have been and focus on what could be friends.

大摩：AI 跑太快，企業被迫加碼資安支出

1️⃣ 資安支出還在上修
很多人以為 AI 公司會取代資安公司，
大摩訪談的 CIO 說剛好相反——
企業其實還要花更多錢在現有資安公司上，
因為 AI 發展已經跑在安全前面太多。

👉 企業正在補資安缺口。

⸻

2️⃣ 資料安全 = 第二大支出（僅次 AI）
攻擊面歷史新高
•80–90% 攻擊已由 AI 生成
•新型攻擊手法（例如利用指令哄騙 AI、污染模型訓練資料）正快速出現

👉 攻擊工業化，防禦只能加碼

⸻

3️⃣ 「端點安全」重回第一優先（CRWD 核心）
•就像在每台電腦裡放一個保全：一有異常就立刻鎖機，還會同步通知全公司
•約 50% 企業仍在用舊系統，這些就是最容易被駭的入口
•以前駭客慢慢找漏洞，還有機會撐；現在 24/7 自動掃描，全世界只要有洞就一定會被打

👉 急切需要把舊洞補起來

⸻

4️⃣ 最大贏家：平台型公司
企業不想：
•每個功能換一個 vendor
•一直重跑採購流程
企業要的是：
👉 在既有平台上直接擴 AI
結果：CrowdStrike：53%、Palo Alto：47%

👉 平台 = AI 時代最受青睞的廠商

華爾街分析猿: 摩根大通：Claude Mythos 對資安是正面訊號。
Anthropic 與資安公司的關係，已從「潛在競爭者」轉為「合作夥伴」。

2 月時，Anthropic 被視為可能進入資安工具市場的顛覆者；
但現在，它選擇與既有資安廠合作，並 限制模型僅用於經審核的防禦用途。

$CRWD $PANW 被選為「被授權的防禦層」
•

This is all of software today.

It's ugly, but once again it is rooted in a very programmed (literally, algorithmically programmed) belief that the markets have about software in the age of AI.

Once again, if the market believes Claude will destroy every software company, then the amount of compute we need should be 1000x what it is today. $NVDA, $AMD, $AVGO, and other chip names should not be trading at the multiples they are at.

If the market doesn't actually believe AI will completely ruin software, then the discounts on the software are probably too extreme. Not to say that they need to return to the highs from years ago because there obviously has been a shift, but to ruthlessly take down all of software seems to be aggressive.

I wouldn't be long $IGV but I would try to identify the best software names that are being unnecessarily treated as legacy IT with no future. Obviously, I don't think $PLTR deserves this type of treatment given how it has differentiated itself from every other software company. I also don't think $CRWD or $PANW deserve to get wrecked when AI will only create a deeper need for cybersecurity.

I also don't think $ORCL, which has $300B in RPO from OpenAI, just did 30K layoffs, and down more than 50% from the highs deserves to be getting hit this hard, especially when other neoclouds (one could argue that Oracle is the ultimate neocloud) are being seen positively from the market. But because Oracle has a software part to the business...it gets sold off.

It's a stock pickers market in software but you just have to be able to try to find the names that aren't destroyed because of AI but rather only will accelerate earnings growth because of AI.

摩根大通：Claude Mythos 對資安是正面訊號。
Anthropic 與資安公司的關係，已從「潛在競爭者」轉為「合作夥伴」。

2 月時，Anthropic 被視為可能進入資安工具市場的顛覆者；
但現在，它選擇與既有資安廠合作，並 限制模型僅用於經審核的防禦用途。

$CRWD $PANW 被選為「被授權的防禦層」
• 核心合作夥伴
• AI 防禦架構關鍵層
• 不是被取代，而是被嵌入

華爾街分析猿: 看來 Anthropic 已經免費幫投資者認證——
哪些網絡安全股會在 AI 時代成為大贏家。

新模型 Claude Mythos 太強、太恐怖
👉 挖出 27 年漏洞
👉 五連 combo 打穿系統

Anthropic 決定組成「透明之翼」聯盟：

全世界只挑兩家網安公司：
•CrowdStrike
•Palo Alto Networks

THE AI SUPPLY CHAIN — COMPLETE MAP

I've spent a few hours mapping the entire AI supply chain. Hyperscalers are spending $750 billion. These are the 42 companies building, powering, and deploying AI from start to finish.

Every layer. Every sector.

Bookmark it. Feel free to add companies in the comments.

Layer 1: Chip Equipment (the machines that build the machines):
$ASML
$AMAT
$LRCX
$TSEM

Layer 2: Foundry & Fabrication (where chips are born): $TSM
$GFS
$INTC

Layer 3: GPU / ASIC / CPU (the AI compute engines): $NVDA
$AVGO
$AMD
$MRVL

Layer 4: Memory & HBM (the bandwidth bottleneck): $MU
$WDC

Layer 5: Photonics & Optical Interconnects:
$COHR
$LITE
$AAOI
$POET
$MTSI
$ALMU

Layer 6: Data Center + Space (the physical home of AI):
$IREN
$NBIS
$CIFR
$WULF
$EQIX
$RKLB
$ASTS
$PL

Layer 7: Cybersecurity (every new AI system is a new attack surface):
$CRWD
$PANW
$ZS
$NET
$S
$FTNT

Layer 8: AI Software & Automation (where the ROI shows up):
$PATH
$PLTR
$NOW
$HIMS
$DDOG
$SNOW
$MDB
$SOFI

Layer 9: Defense & End-Use (where AI becomes operational):
$ONDS
$OSS
$RKLB
$AMPX
$LHX
$RTX
$NOC
$PNG.V

Every company on this list has either government budgets, hyperscaler contracts, or can potentially benefit from the AI build it somehow.

Save this. And if you found this valuable, you should follow me.

The market won't be red forever.

-BP

Please note: This is not financial advice.

https://x.com/TheRonnieVShow/creator-subscriptions/subscribe
27 Bullish and Bearish setups analyzed heading into next week.

Detailed Technical analysis, levels, targets, and more...

Ticker List:
$NVDA $META $AMZN $NFLX $ZETA $OSCR $OUST $NBIS $MSTR $AVGO $ORCL $COIN $ASTS $SOFI $HOOD $IREN $CIFR $PATH $LMND $TSLA $PLTR $AMZN $ONDS $CRWD $MAGS $AMD $GOOGL

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"Yeah, but they’re diluting shareholders."

This view made you miss massive winners last decade…

$PLTR (Since 2018):
~978M → 2.4B shares
~1,973% gain

$TSLA (2016):
~2.2B → 3.2B shares
~4,002% gain

$AMZN (2016):
~9.5B → 10.7B shares
~775% gain

$CRWD (2019):
~171M → 245M shares
~747% gain

Dilution matters, but far less than most think.

Dario Amodei just told Pete Hegseth to go f*ck himself.
and i mean that with the utmost respect.

Here's what actually happened:

The Pentagon gave Anthropic a Friday 5pm deadline:
Remove ALL safeguards on Claude, or get blacklisted.

Not just losing a contract. The same blacklist label they use for Huawei. Never before applied to an American company.

Hegseth showed up in Washington personally to deliver the ultimatum to Dario's face.

Dario's response?

"These threats do not change our position: we cannot in good conscience accede to their request."

Let that land for a second.

The Pentagon threatened to:

> Invoke the Cold War-era Defense Production Act to FORCE Claude into unrestricted military use

> Label Anthropic a "supply chain risk", meaning Boeing, Lockheed, every prime contractor would have to prove they don't touch Claude

> Effectively nuke Anthropic's entire enterprise business overnight

Dario said no anyway.

Here's Anthropic's two redlines:

> No mass surveillance of American citizens
> No fully autonomous weapons, drones that kill without human approval

That's it. Two lines.

The Pentagon's response? They refused to put those assurances in writing.

Read that again slowly.

They claim they'd never do those things. But they won't write it down.

And here's where it gets fucking wild:

The DOD has NO backups. Zero.

The DOD has no backups. This is a single-vendor situation here. They can't fix that overnight.

Claude is the ONLY AI model running in classified military systems right now.

It was used during the operation to capture Nicolás Maduro.

It's being considered for a potential Iran campaign.

8 of the 10 largest US companies already run on it.

The Pentagon's own defense officials said it themselves:

"The problem for these guys is they are that good."

They need Anthropic more than Anthropic needs them.
A $200M contract is a rounding error for a $380 BILLION company.

And while all this was happening?

Anthropic dropped Claude Cowork enterprise updates, crashed the entire cybersecurity sector, and got caught in a geopolitical war after exposing DeepSeek, Moonshot, and MiniMax for running 24,000 fake accounts and stealing 16 million Claude conversations to train their own models.

In ONE week.

This company is simultaneously:

fighting the Pentagon, disrupting $CRWD and $ZS, rebuilding enterprise software from scratch, and going to war with China's entire AI industry.

fair play for sticking by their code of honor.

most companies would've folded before the meeting was even over.

-BP

Jack Dorsey just fired half his company.

and the stock went up 23% after hours.

let that sink in.

@blocks - $XYZ, the parent of Square and Cash App, just cut 4,000+ people.

Nearly HALF the workforce. Gone.

here's Jack's statement and it doesn't fuck around:

"The intelligence tools we're creating, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company."

He considered doing it gradually over months. Then chose to rip the bandaid:

"Repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers place in our ability to lead."

This is NOT a distressed company. Block just posted $10B+ in gross profit in 2025. Up 17% YoY.

They're cutting from a position of STRENGTH.

the part everyone's going to miss:

The market rewarded this instantly. +23% after hours.

That's the signal.

We are entering an era where the most valuable thing a company can say is:

"We need fewer humans to do more work."

And Wall Street is going to keep rewarding that statement every single time.

Think about what this means at scale:

$AMZN: 16,000 cut in January — AI restructuring
$XYZ: 4,000 cut in February — AI restructuring

$IBM: stock down 27% because Claude replaces what their consultants do

$CRWD, $ZS: down 10%+ because Claude does security scans

This isn't a recession. There's no macro crisis.

This is a structural, permanent reallocation of labor happening in real time.

The companies that move fast and go "AI-native" are getting re-rated higher.

The ones that don't are getting IBM'd.

Jack Dorsey understood it. He chose the hard, clear action.

the future is smaller teams. bigger output. higher margins.

the market is telling you exactly where this ends up.

fucking wild time to be alive.

-BP

Note. Not financial advice.

SaaS-Geddon Continues...

📊 Software & Cloud Sector Brief
1. $FTNT | YTD: -2.2% | 1M: -6.7%
2. $CYBR | YTD: -6.1% | 1M: -6.7%
3. $NET | YTD: -15.7% | 1M: -4.7%
4. $MSFT | YTD: -18.3% | 1M: -17.1%
5. $PANW | YTD: -19.5% | 1M: -19.9%
6. $VEEV | YTD: -20.4% | 1M: -21.3%
7. $DDOG | YTD: -20.9% | 1M: -18.7%
8. $MDB | YTD: -21.2% | 1M: -21.0%
9. $CRWD | YTD: -22.5% | 1M: -22.3%
10. $PLTR | YTD: -22.7% | 1M: -23.5%

0 WINNERS - 20 LOSERS
Avg YTD: -26.4%