Last week, I wrote that Nvidia could surpass Apple in five years as the artificial intelligence economy will be nearly four times larger than the mobile economy that drove Apple. To get an understanding of how big the AI economy will be, we pointed towards estimates of AI adding $15 trillion in GDP once it reaches maturation in 2030 compared to mobile adding $4.4 trillion to GDP in the current year.

The analysis discussed some of the underlying product strength Nvidia has with its GPUs and its new software suite that allows accelerated AI computing on virtual machines rather than…


Nvidia has a market cap of roughly $550 billion compared to Apple’s nearly $2.5 trillion. We believe Nvidia can surpass Apple by capitalizing on the artificial intelligence economy, which will add an estimated $15 trillion to GDP. This is compared to the mobile economy that brought us the majority of the gains in Apple, Google and Facebook, and contributes $4.4 trillion to GDP. For comparison purposes, AI contributes $2 trillion to GDP as of 2018.

While mobile was primarily consumer, and some enterprise with bring-your-own-device, artificial intelligence will touch every aspect of both industry and commerce, including consumer, enterprise, and…


Fubo reports Q2 earnings on Tuesday, August 10th, which is a seasonally low quarter for live sports in North America. According to data from Apptopia, the company had a slower start to the quarter in terms of sequential downloads and DAUs, yet the traffic picked up considerably in the back half of the quarter. This is good news as management raised guidance for both the quarter and the year on May 11th and the app data downloads and DAUs support a strong June.

The I/O Fund has written on Fubo in prior quarters to make the point that live sports…


Cybersecurity firm SentinelOne had its public offering late last month. The product is very promising as it automates cybersecurity, which eliminates noise so security teams only respond to those that are critical. This reduces human error from fatigue and can also reduce head count much like robotics process automation. However, the valuation overshadows the company’s potential. We’ve written recently about the unusual premium being charged from list price to opening price, yet SentinelOne takes the term “stretched valuation” to a new level with an 80 forward price-to-sales.

SentinelOne Valuation Overview:

The cybersecurity firm SentinelOne debuted on June 30th with the stock trading at…


Despite historic levels of growth last year, many leading cloud stocks reported strong growth in the recent Q1 earnings reports. We’ve heard the narrative before that value stocks are a safer choice, yet the cloud category’s revenue growth and high margins refuse to pause in order to let non-tech investors have their moment.

Below, we discuss the State of Cloud post-covid and what we saw in the most recent earnings reports that led us to believe cloud is stronger than ever. We also review statistics on where we are in cloud’s adoption cycle.

We discuss the State of Cloud post-covid and what we saw in the most recent earnings reports that led us to believe cloud is stronger than ever. We also review statistics on where we are in cloud’s adoption cycle. I/O FUND. Source: I/O Fund

Cloud Stocks in an Open Economy

Last year, decision makers were under pressure…


There is an outsized risk with Snowflake, AirBnB, DoorDash and Roblox’s IPOs showing an extreme increase in valuation since the last private funding round that will be hard for the public markets to absorb. I dug up some comparative research between 2019 IPOs and 2020 IPOs and describe this outsized risk, which is 10-fold from the IPO class of 2019.

More times than not, IPOs lead to losses for retail investors and there are specific reasons as to why. These reasons have only gotten worse with loosened IPO regulations. …


Zoom has had record-breaking earnings results for four quarters now and the market is growing complacent with this stock. The company has (again) posted the highest growth in the cloud software category with revenue at of $956.24 million, or 191% year-over-year growth. The bottom line is also the best in its category (yet again) with adjusted EPS of $1.32 and free cash flow of $454.2 million — which is nearly double the consensus of $280.4 million.

Meanwhile, we saw very little reward in terms of price action. This could change as there was 19 institutional analysts on the call; a…


FuboTV has been dismissed by quite a few analysts and investors for its negative gross margins. This dismissal, that leans heavily on the lagging financials, is reminiscent of the many times that tech stocks have been misunderstood.

As a tech analyst who is trained in product, I see a sizable runway in live sports OTT and sports betting with Fubo having key advantages over DraftKings. The management has to execute, and while the market calls this speculation, I call it a product road map.

First, FuboTV must continue to grow its audience. I made the argument that this is the…


Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, celebrates during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, April 18, 2019. Zoom reported net income of $7.6 million on revenue of $331 million for the year ended January, and is now worth nine times the $1 billion valuation it secured after a funding round two years ago. Photographer: Victor J. Blue/Bloomberg © 2019 BLOOMBERG FINANCE LP

Last year, I called Zoom Video a “pegasus” because the company stood out from the dime-a-dozen unicorns that have come out…


All eyes are on big tech mergers and acquisitions as political leaders from both parties have expressed concern about the concentration of power.

Most Americans agree that companies like Amazon and Facebook should be broken up, including a majority of Democrats and Republicans, according to a Jan. poll by Vox and Data for Progress.

In this uncertain business environment, Nvidia announced last September that it reached a deal with Softbank to acquire U.K. based semiconductor and software design company Arm Ltd. for $40 billion, making it one of the biggest acquisitions in tech.

Behemoths like Google and Microsoft are opposed…

Beth Kindig

Senior Product Evangelist in data and security. All things #startups #mobile, #data #security and #IoT. Snowboarder, book worm.

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