AI-Era Investment Research Beyond the Magnificent 7.
Regular, independent, actionable insights on AI-exposed and future-defining companies.
Next Arc Research is a company analysis platform that applies a future-optimistic investing lens to the AI-driven transformation of the global economy. It’s built to help you identify which public companies are best positioned to capture the next wave of value creation over the coming 5 years. See the FAQ.
Grounded in my own investing thesis and AI expertise, Next Arc Research leverages advanced reasoning models and extensive web research to evaluate companies through qualitative and quantitative signals of long-term potential. The framework is inspired by Emad Mostaque's "The Last Economy" thesis — the view that we’re entering a phase of unprecedented technological acceleration that will redefine how value emerges across industries.
Disclosure: I hold long positions in most of the companies I analyze on this platform. The detail page of any company will be specific as to whether I hold that company. My allocation to any particular company varies based on implied growth, risk and other factors. This is not investment advice and I am not paid to promote any company.
My analysis combines the latest AI reasoning models with real-time web search to evaluate companies across multiple dimensions:
My AI modeling performs extensive web research, analyzing recent news, earnings reports, clinical trial data, competitive developments, and market trends to provide up-to-date assessments.
I analyze a curated selection of public companies with significant exposure to transformative technology trends. My coverage includes:
Currently covering 129 symbols:
AAOI Applied Optoelectronics, Inc. Applied Optoelectronics designs and manufactures optical components and transceiver modules for data centers and broadband access networks. ACHR Archer Aviation Inc. Archer is developing electric vertical takeoff and landing aircraft and a supporting operations stack to run and sell urban air mobility services, with adjacent defense use-cases. AI C3.ai, Inc. C3.ai sells enterprise AI application software and a platform for building, deploying, and operating AI/GenAI workflows across industries and government. AISP Airship AI Holdings, Inc. Airship AI builds an edge-to-cloud video/sensor management platform (hardware + software + support) used by government and enterprise customers for surveillance, alerting, and evidence workflows. ALAB Astera Labs, Inc. Astera Labs designs fabless semiconductor connectivity solutions (silicon + modules + embedded software) used to move data reliably inside AI and cloud data center racks. AMBA Ambarella, Inc. Fabless designer of low-power edge-AI vision processors used in cameras, robotics/industrial endpoints, and automotive video/ADAS systems. AMD Advanced Micro Devices, Inc. AMD designs CPUs, data center GPUs, and related platform components used in servers, PCs, and embedded systems. AMPX Amprius Technologies, Inc. Amprius develops and sells ultra-high energy density lithium-ion batteries aimed at aviation, drones, defense, and other weight-constrained mobility uses. AMZN Amazon.com, Inc. Amazon operates a global e-commerce marketplace and logistics network, a hyperscale cloud platform (AWS), and a large digital advertising and subscription media business. ANET Arista Networks, Inc. Arista designs and sells high-performance Ethernet switching/routing hardware and network software for AI data centers, cloud, and enterprise campus/branch networks. APLD Applied Digital Corporation Applied Digital designs, builds, and operates power-dense data centers and hosting capacity for AI/high-performance computing and blockchain workloads. APP AppLovin Corporation AppLovin operates a performance advertising platform that helps advertisers acquire customers and helps app publishers monetize inventory using AI-driven optimization. APUS Apimeds Pharmaceuticals US, Inc. A clinical-stage biotech advancing Apitox for knee osteoarthritis while building an institutional bitcoin-treasury management and yield/controls platform via the MindWave merger. ARM Arm Holdings plc Arm licenses CPU and related compute platform IP and earns per-chip royalties across mobile, PCs, cloud infrastructure, automotive, and embedded devices. ASML ASML Holding N.V. ASML designs, manufactures, and services lithography systems that pattern advanced semiconductor chips for leading foundries and memory makers. ASTS AST SpaceMobile, Inc. AST SpaceMobile is building a low-earth-orbit satellite network to deliver cellular broadband directly to unmodified smartphones via mobile-network-operator spectrum and gateways. ATOM Cosmos Hub Network ATOM is the staking asset securing Cosmos Hub, a proof-of-stake base layer aiming to monetize interchain routing and shared security for sovereign appchains. AUR Aurora Innovation, Inc. Aurora builds and operates Level 4 autonomous driving technology for heavy-duty trucking and sells it as a commercial freight service with partners. AVAV AeroVironment, Inc. AeroVironment designs and manufactures uncrewed systems and related mission technologies for U.S. and allied defense customers, with expanded space/cyber/laser capabilities post-acquisition. AVAX Avalanche Network AVAX is the capped-supply gas and staking asset that secures Avalanche’s primary network and supports its app-specific L1 ecosystem. AVGO Broadcom Inc. Broadcom designs leading connectivity and custom silicon for data centers plus enterprise infrastructure software (VMware) for private and hybrid cloud operations. BBAI BigBear.ai Holdings, Inc. BigBear.ai builds and delivers AI-driven decision-intelligence software and services for U.S. defense, intelligence, homeland security, and select commercial markets. BEAM Beam Therapeutics Inc. Beam develops base-editing genetic medicines, spanning in vivo liver programs and ex vivo cell therapies for severe genetic diseases. BFLY Butterfly Network, Inc. Butterfly sells handheld, semiconductor-based ultrasound devices and software intended to standardize imaging workflow, documentation, and sharing across care settings. BKSY BlackSky Technology Inc. BlackSky operates an Earth-observation satellite constellation and sells subscription imagery plus AI-enabled monitoring/analytics, primarily to defense and intelligence customers. BTC Bitcoin Network Bitcoin is a proof-of-work monetary network whose primary economic role is censorship-resistant settlement and global digital store-of-value collateral. BWXT BWX Technologies, Inc. BWXT designs and manufactures nuclear components, fuel, and services for U.S. government programs and commercial nuclear and medical markets. CDNS Cadence Design Systems, Inc. Cadence sells mission-critical software, IP and compute workflows used to design and verify chips, advanced packaging and complex electronic systems. CEG Constellation Energy Corporation Constellation is a large U.S. power producer and competitive retail energy supplier, anchored by a leading nuclear fleet and expanded by the Calpine gas/geothermal platform. CLS Celestica Inc. Celestica is an electronics manufacturing and platform-solutions partner, with a large and growing mix in AI data-center networking/storage plus diversified ATS programs (including aerospace/defense and industrial). COHR Coherent Corp. Coherent designs and manufactures photonic components and laser-based solutions for datacenters/communications and industrial end markets. COIN Coinbase Global, Inc. Operates a U.S.-regulated crypto platform spanning trading, custody, payments/stablecoin services, derivatives, and an onchain developer ecosystem. CORZ Core Scientific, Inc. Core Scientific develops and operates high-power sites used for bitcoin mining and AI/HPC-focused high-density colocation. CRDO Credo Technology Group Holding Ltd Credo designs high-speed connectivity silicon and active electrical cables for AI/cloud data centers and also licenses connectivity IP. CRM Salesforce, Inc. Salesforce sells enterprise cloud software for sales, service, marketing, commerce, analytics, integration, collaboration, and AI-driven workflow automation. CRNC Cerence Inc. Cerence provides conversational AI software for automotive assistants, enabling voice and multimodal user experiences in vehicles. CRSP CRISPR Therapeutics AG Clinical-stage gene-editing company developing curative genetic medicines across hemoglobinopathies, cardiometabolic disease, autoimmune/oncology, and regenerative medicine. CRWD CrowdStrike Holdings, Inc. CrowdStrike provides a cloud-delivered cybersecurity platform that protects endpoints, cloud workloads, identities, and enterprise data with threat detection, response, and managed services. CRWV CoreWeave, Inc. CoreWeave operates a specialized cloud platform optimized for accelerated AI training and inference workloads. DDOG Datadog, Inc. Datadog provides a cloud-native observability and security platform that ingests and correlates telemetry (metrics, logs, traces, user and security signals) to monitor and protect applications and infrastructure. DELL Dell Technologies Inc. Designs and sells PCs, servers, storage and networking systems, plus related deployment/support and financing, primarily to enterprises. DNA Ginkgo Bioworks Holdings, Inc. Ginkgo industrializes biology via automated labs, software/data products, and biosecurity surveillance programs for government and enterprises. DOT Polkadot Network Polkadot is a multi-chain protocol aiming to sell shared security and blockspace (via a capacity market) for rollups and apps, with DOT used for governance, staking, and paying for network resources. EQIX Equinix, Inc. Equinix operates carrier-neutral data centers and an interconnection platform that lets enterprises, networks, and cloud/AI providers colocate and connect with low latency. ESTC Elastic N.V. Elastic builds enterprise search, observability, and security analytics software delivered as self-managed software and Elastic Cloud. ETH Ethereum Network Ethereum is a proof-of-stake smart-contract settlement network where ETH is the gas, staking collateral, and monetary asset used to secure a rollup-centric economy. ETN Eaton Corporation plc Eaton is a power management company supplying electrical distribution, power quality/backup, and aerospace components, with growing software and services attach. FIL Filecoin Network A decentralized storage and data-services network where providers prove storage on-chain and developers can build programmable, verifiable “onchain cloud” workflows. FIVN Five9, Inc. Five9 provides cloud software that runs enterprise contact centers across voice and digital channels, with automation and AI features embedded in workflows. FLNC Fluence Energy, Inc. Fluence designs, integrates, and services grid-scale battery storage systems plus optimization software for utilities and power producers. FN Fabrinet Fabrinet is a contract manufacturer specializing in advanced optical packaging and precision optical/electro-mechanical manufacturing for communications and AI infrastructure products. GOOG Alphabet Inc. Alphabet (Google) monetizes global consumer intent and attention (Search/YouTube/Android) and sells cloud infrastructure and AI platform services, with optionality in autonomy and other bets. HPE Hewlett Packard Enterprise Company HPE sells enterprise infrastructure (servers, storage, networking) plus hybrid cloud consumption and IT operations software/services, increasingly focused on AI infrastructure deployments. HURA TuHURA Biosciences, Inc. TuHURA is a clinical-stage immuno-oncology company developing IFx-2.0 and other programs aimed at reversing resistance to checkpoint-based cancer immunotherapy. HUT Hut 8 Corp. Hut 8 is a power-first digital infrastructure operator spanning bitcoin mining, data-center infrastructure, and contracted AI/HPC capacity development. INOD Innodata Inc. Innodata provides AI data engineering (training data, evaluation, safety) plus software platforms in medical records extraction (Synodex) and media intelligence (Agility). IONQ IonQ, Inc. IonQ develops and operates trapped-ion quantum computing systems delivered via cloud access and enterprise/government deployments, while expanding into quantum networking/security and sensing. IREN IREN Limited IREN develops and operates power-backed data centers and sells compute via bitcoin mining and GPU-based AI cloud services. JBL Jabil Inc. Jabil provides engineering, manufacturing, and supply-chain solutions across AI/data-center infrastructure, regulated industries, and consumer/commerce end markets. JOBY Joby Aviation, Inc. Develops all-electric vertical takeoff and landing aircraft and is preparing to operate and sell air taxi services and related systems. KTOS Kratos Defense & Security Solutions, Inc. Kratos builds defense-focused unmanned systems, propulsion/rocket support, microwave electronics, and satellite ground/communications systems for U.S. and allied customers. LINK Chainlink Network A decentralized trust-services network that delivers reliable external data and cross-chain messaging so smart contracts can safely interact with the real world and other chains. LITE Lumentum Holdings Inc. Lumentum designs and manufactures optical and photonic components, modules, and subsystems for cloud/AI networking and lasers for industrial and sensing applications. LMND Lemonade, Inc. Digital-first insurance carrier offering renters/homeowners, pet, life, and auto insurance in the U.S. and parts of Europe/UK. LSCC Lattice Semiconductor Corporation Lattice designs and sells low-power programmable chips (FPGAs) and related software used for control, connectivity, and security from edge devices to datacenter infrastructure. MBLY Mobileye Global Inc. Mobileye develops automotive-grade computer-vision and driver-assistance systems, combining silicon and software for safer, increasingly automated driving. META Meta Platforms, Inc. Meta operates global social, messaging, and content platforms monetized primarily via performance advertising, with additional AI, wearables, and subscription initiatives. MPWR Monolithic Power Systems, Inc. Fabless designer of high-performance power-management semiconductors and integrated power modules for data center, automotive, industrial, communications, and consumer electronics. MRVL Marvell Technology, Inc. Marvell is a fabless semiconductor company focused on data infrastructure silicon, including custom AI silicon and high-speed networking/optical connectivity products. MSFT Microsoft Corporation Microsoft sells cloud infrastructure/platform services, enterprise software subscriptions, security, developer tools, advertising, and gaming content/hardware. MSTR Strategy Inc Strategy is a bitcoin-treasury company that also sells enterprise analytics software (Strategy One) and related AI-enabled offerings. MTSI MACOM Technology Solutions Holdings, Inc. MACOM designs and manufactures high-performance analog, RF/microwave, and optical semiconductors for data center, telecom, industrial, space, and defense applications. MU Micron Technology, Inc. Micron designs and manufactures memory and storage products (DRAM, NAND, and high-performance data-center solutions) for data centers, PCs, mobile, and automotive/industrial markets. NBIS Nebius Group N.V. Nebius builds and operates full-stack AI cloud infrastructure (GPU compute, networking, and platform software) for training and inference workloads. NEE NextEra Energy, Inc. NextEra is a U.S. power company combining Florida’s regulated electric utility (FPL) with a large renewables, storage, and transmission development platform (NEER). NET Cloudflare, Inc. Cloudflare operates a global edge network delivering application security, performance, and developer/compute services as a unified platform. NNOX Nano-X Imaging Ltd. Nanox is a medical imaging company aiming to pair lower-cost X-ray imaging systems with cloud workflow, AI software, and teleradiology services. NOW ServiceNow, Inc. ServiceNow is an enterprise software platform for automating and governing cross-department digital workflows, increasingly including AI-driven work. NTAP NetApp, Inc. NetApp provides enterprise storage systems plus hybrid-cloud storage services and data-management software for mission-critical workloads. NTLA Intellia Therapeutics, Inc. Clinical-stage biotechnology company developing one-time, in vivo gene-editing medicines, with lead programs in hereditary angioedema and transthyretin amyloidosis. NTRA Natera, Inc. Natera provides cell-free DNA testing across oncology (MRD), women’s health, and organ health, with growing data/AI and partner-licensing capabilities. NVDA NVIDIA Corporation NVIDIA designs GPUs and full-stack accelerated computing platforms for AI, data centers, gaming and edge/robotics. OKLO Oklo Inc. Oklo is developing small advanced nuclear power plants, nuclear fuel recycling, and a radioisotope business via its Atomic Alchemy subsidiary. ON ON Semiconductor Corporation onsemi designs and manufactures power and sensing semiconductors focused on automotive, industrial, and AI data-center power applications. ORCL Oracle Corporation Oracle provides enterprise database software, cloud infrastructure, and cloud applications for businesses and governments. OUST Ouster, Inc. Ouster designs and sells lidar sensors and perception software used in robotics, industrial automation, automotive, and smart infrastructure deployments. PANW Palo Alto Networks, Inc. Palo Alto Networks provides enterprise cybersecurity platforms spanning network security, cloud security, security operations, and AI security, plus incident response services. PATH UiPath, Inc. UiPath sells an enterprise automation platform that coordinates AI agents and deterministic automation across legacy and modern business systems. PDYN Palladyne AI Corp. Defense and industrial technology company providing edge autonomy software plus acquired avionics and precision manufacturing capabilities. PL Planet Labs PBC Planet operates a large Earth-imaging satellite constellation and sells subscription access to imagery, tasking, and analytics to government and commercial customers. PLTR Palantir Technologies Inc. Palantir builds and deploys software platforms used to integrate data, govern AI, and run operational workflows for government and enterprises. POET POET Technologies Inc. POET Technologies designs photonics packaging and optical engine/light-source products aimed at AI and hyperscale data-center connectivity. POL Polygon Network POL is Polygon’s gas/staking token, securing Polygon PoS and positioned to monetize Polygon’s AggLayer-enabled cross-chain routing and services. PRME Prime Medicine, Inc. Prime Medicine is a gene editing biotech developing one-time genetic therapies using its Prime Editing platform across liver, lung, and immunology/oncology programs. PWR Quanta Services, Inc. Quanta provides specialized electric power and underground utility infrastructure design, engineering, procurement, construction, maintenance and emergency restoration services. QBTS D-Wave Quantum Inc. D-Wave develops superconducting quantum computing systems and delivers access via its Leap cloud platform plus related software and services. QUBT Quantum Computing Inc. QCi develops quantum-photonics hardware, photonic-chip manufacturing services, and quantum-security/optimization products for government and enterprise customers. RCAT Red Cat Holdings, Inc. Red Cat designs and manufactures U.S.-aligned unmanned systems (primarily small drones) for defense, government, and public safety customers. RDVT Red Violet, Inc. Red Violet sells cloud-based identity intelligence and risk analytics (identity verification, fraud/risk signals, investigative workflows) via APIs and applications. RGTI Rigetti Computing, Inc. Rigetti develops superconducting quantum computing hardware and a full-stack platform to deliver quantum compute via cloud and on-prem deployments. RIOT Riot Platforms, Inc. Riot Platforms operates industrial-scale Bitcoin mining and an electrical engineering/manufacturing business, and is developing large power-dense data center capacity in the U.S. RKLB Rocket Lab Corporation Rocket Lab provides space launch services plus vertically integrated spacecraft, satellite components, and payloads for government and commercial customers. RLAY Relay Therapeutics, Inc. Relay Therapeutics is a clinical-stage biotech developing small-molecule therapies using a computational + experimental discovery platform, led by zovegalisib in breast cancer and vascular malformations. RMBS Rambus Inc. Rambus sells memory-interface chips plus licensable silicon IP and security technology used in servers, AI infrastructure, and other data-intensive systems. RR Richtech Robotics Inc. Richtech builds and deploys AI-enabled service robots for hospitality, healthcare, and other commercial environments, monetized via sales and leasing/service arrangements. RXRX Recursion Pharmaceuticals, Inc. Clinical-stage TechBio company combining automated wet labs and machine learning to discover and develop medicines and run partnered discovery programs. S SentinelOne, Inc. SentinelOne sells an AI-native cybersecurity platform for endpoint, cloud, identity, and security operations data/analytics with increasing automation of detection, investigation, and response. SDGR Schrödinger, Inc. Schrödinger develops physics-based computational chemistry software and applies it to partnered and internal drug discovery and materials design. SERV Serve Robotics Inc. Serve builds and operates autonomous sidewalk delivery robots for last-mile delivery, with integrations to major delivery platforms and emerging software/media monetization. SITM SiTime Corporation SiTime designs and sells MEMS-based precision timing semiconductors (oscillators, clocks, resonators) for datacenter/communications, automotive, industrial, aerospace, and consumer systems. SMCI Super Micro Computer, Inc. Supermicro designs and manufactures high-performance server, storage, and rack-scale systems used in AI, cloud, and enterprise data centers. SMR NuScale Power Corporation NuScale designs and licenses small modular nuclear reactor plants and provides engineering and related services to deploy them with partners. SNOW Snowflake Inc. Snowflake provides a multi-cloud, governed data platform that enterprises use to store, process, share, and apply AI to data. SNPS Synopsys, Inc. Synopsys provides software and hardware tools for chip design/verification plus engineering simulation and analysis (via Ansys) for system-level product development. SOL Solana Network Solana is a high-throughput Layer-1 blockchain where SOL is the fee, staking, and collateral asset for real-time on-chain settlement and applications. SOUN SoundHound AI, Inc. SoundHound provides voice and conversational AI software for automotive assistants, restaurant ordering, and enterprise customer-service automation. SPIR Spire Global, Inc. Spire operates a LEO satellite constellation and sells RF-derived data, analytics, and Space Services to government and commercial customers. STEM Stem, Inc. Stem provides software, controls, and services that help customers monitor and optimize solar and battery energy storage assets. SYM Symbotic Inc. Symbotic designs and deploys AI-enabled robotic automation systems (plus software and services) for high-throughput warehouse and distribution operations. TEM Tempus AI, Inc. Tempus provides AI-enabled molecular diagnostics plus clinical and life-sciences data/software products to advance precision medicine. TLN Talen Energy Corporation Independent power producer with a PJM-heavy nuclear and gas fleet monetizing wholesale power, capacity, and large-load/data-center contracting. TSLA Tesla, Inc. Tesla designs and manufactures electric vehicles and sells energy storage and energy management products, with an expanding software and services layer. TSM Taiwan Semiconductor Manufacturing Company Limited TSMC is the leading pure-play semiconductor foundry, manufacturing advanced and specialty chips (plus packaging/test services) for global chip designers. TWST Twist Bioscience Corporation Twist Bioscience manufactures synthetic DNA and NGS workflow components and provides discovery services that help customers design, build, and test biological molecules faster. VICR Vicor Corporation Vicor designs and manufactures high-density power conversion modules and power systems, plus monetizes related IP through licensing/royalties. VRT Vertiv Holdings Co Vertiv designs, manufactures, and services critical digital infrastructure (power, thermal, racks/enclosures, and monitoring) primarily for data centers. VST Vistra Corp. Vistra is a U.S. integrated power company combining a large competitive generation fleet (including nuclear and gas) with a national retail electricity business. WULF TeraWulf Inc. TeraWulf develops, owns, and operates power-advantaged data center infrastructure for AI-oriented high-performance compute hosting and bitcoin mining in the U.S. ZS Zscaler, Inc. Zscaler provides a cloud-delivered security platform that enforces access and data protection policies inline across users, branches, and workloads.
Note: Availability of analysis for each symbol is subject to your Patreon tier membership level.
You can support this project (to fund deeper and more frequent research across a broader set of companies) through joining as a Patreon member. Three different tiers provide different benefits depending on your goals. See below for samples of the analysis at different levels:
While you are subscribed at a particular tier on Patreon, you will have access to the Next Arc Research website where you will be able to browse the analysis of each company covered by that tier.
Note that "Top 10" etc. is based on the companies' implied growth through 2030 ranking when the analysis is performed, i.e. the 10/30/100 companies with the highest implied growth.
These analyses are updated on a weekly basis around the 7th, 14th, 21st and 28th day of each month. If there are meaningful events in the market (e.g. earning season) then updates may be delayed to the end of the week.
Here are some practical ways people often use this kind of research inside their own workflow — purely as examples tied to the features of the platform, and not as recommendations or investment advice:
None of this is investment advice. Everyone’s financial situation, risk tolerance, and goals are different, so please consult a licensed financial adviser before making any investment decisions.
The Next Arc Research framework is inspired by Emad Mostaque's "The Last Economy" thesis on the transformative impact of AI and exponential technologies. Rather than extrapolating from historical trends, I analyze how companies are positioned to capture value in a world where AI dramatically accelerates innovation, reduces costs, and enables new business models.
This platform leverages the latest AI reasoning models. Each model performs real-time web research and multi-step reasoning to produce comprehensive analyses that go beyond traditional financial metrics; all through a lens of a tech-optimistic future.
I've spent 30+ years working and investing in tech. I worked at Netscape, Yahoo!, Google and many startups in Silicon Valley - most recently in AI and LLM technology.
As a retail investor I invested in Bank of America during the 2008 Great Recession, Amazon before they got big and NVIDIA when they still focused on gaming. These investments allowed me to quit regular work and spend some time on Next Arc Research to find the next companies that are going to drive outsized returns in our tech-optimistic future. I resolved that anything I developed would be made available to others.
While I am hopeful for a tech-optimistic future of abundance for all, I also believe that the surest way to guard against being cut out of that future is to own a part of it.
Please reach out via my Patreon.
Explore these free resources to get a sense of the analysis and insights available: