Identifying winners earlier in the AI era through 2030.
Monthly, 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 117 symbols:
AAOI Applied Optoelectronics, Inc. Applied Optoelectronics designs and manufactures high‑speed optical transceivers and HFC broadband equipment for AI data centers and cable/fiber networks. ACHR Archer Aviation Inc. Archer Aviation is developing and industrializing electric vertical takeoff and landing aircraft and related technologies for urban air mobility and defense uses. AI C3.ai, Inc. C3.ai is an enterprise AI software company that provides a platform and prebuilt applications to deploy large-scale AI and generative AI across industries and government. AISP Airship AI Holdings, Inc. Airship AI provides AI-driven video, sensor and data management platforms for government, border security and critical infrastructure customers. ALAB Astera Labs, Inc. Designer of semiconductor-based connectivity chips and software that link GPUs, CPUs and memory inside AI and cloud data centers. AMBA Ambarella, Inc. Ambarella designs low‑power edge AI and computer‑vision chips and software used in cameras, vehicles, robotics, and other connected devices. AMD Advanced Micro Devices, Inc. Advanced Micro Devices designs high-performance CPUs, GPUs, adaptive SoCs and data center platforms used in PCs, gaming, embedded systems and AI/data center infrastructure. AMPX Amprius Technologies, Inc. Amprius designs and manufactures high‑energy silicon‑anode lithium‑ion batteries for demanding aviation, defense, electric mobility and robotics applications. AMZN Amazon.com, Inc. Global technology company operating leading e-commerce marketplaces, the AWS cloud platform, and fast-growing digital advertising and subscription businesses. ANET Arista Networks, Inc. Arista Networks designs and sells high‑performance cloud and AI networking platforms powered by its EOS software and CloudVision automation stack. APLD Applied Digital Corporation Applied Digital designs, builds, and operates high‑density data centers and hosting services for AI, high‑performance computing, and blockchain workloads. APP AppLovin Corporation AppLovin is an adtech company that uses AI-powered software and data to help mobile apps and connected TV publishers acquire users, monetize, and analyze performance. ARM Arm Holdings plc Arm designs and licenses energy‑efficient processor architectures and related IP that power chips across smartphones, data centers, automotive and embedded devices. ASTS AST SpaceMobile, Inc. AST SpaceMobile is building a space-based cellular broadband network that connects standard smartphones directly to satellites to eliminate mobile coverage gaps. ATOM Cosmos Hub Cosmos Hub is a proof-of-stake base layer that provides interoperability and shared security for appchains in the Cosmos ecosystem. AUR Aurora Innovation, Inc. Aurora develops and operates autonomous driving technology for heavy trucks and freight logistics. AVAX Avalanche Network Layer-1 smart-contract blockchain with a subnet architecture where AVAX secures, pays for, and burns fees across customizable L1s used for DeFi, gaming, and tokenized assets. AVGO Broadcom Inc. Broadcom designs leading-edge semiconductor solutions and infrastructure software, anchoring AI data centers, networking, and enterprise private cloud platforms. BBAI BigBear.ai Holdings, Inc. BigBear.ai provides AI-powered decision intelligence, computer vision, and digital identity solutions for defense, national security, and critical infrastructure customers. BEAM Beam Therapeutics Inc. Beam Therapeutics is a clinical-stage biotechnology company developing precision genetic medicines using base-editing technologies for hematology and liver diseases. BFLY Butterfly Network, Inc. Butterfly Network develops handheld, semiconductor-based ultrasound devices and cloud software to deliver point-of-care medical imaging and AI-guided workflows. BKSY BlackSky Technology Inc. BlackSky Technology operates a real-time Earth-observation satellite constellation and AI-driven geospatial intelligence platform for government and commercial customers. BTC Bitcoin Network Bitcoin is a decentralized digital asset functioning as scarce, censorship-resistant money and a global store-of-value and settlement asset. CDNS Cadence Design Systems, Inc. Cadence develops mission‑critical software, IP, and hardware used to design and simulate advanced chips, electronic systems, and emerging physical AI and robotics platforms. CEG Constellation Energy Corporation Constellation Energy is the largest producer of carbon‑free power in the U.S., operating a nuclear‑anchored generation fleet and supplying electricity and clean‑energy solutions to commercial, industrial, and public‑sector customers. CLS Celestica Inc. Celestica designs and manufactures complex electronics and hardware platforms for AI data centers, networking, aerospace, industrial, and healthcare customers. COHR Coherent Corp. Coherent is a vertically integrated photonics and compound semiconductor company supplying optical networking components, advanced materials, and laser systems for AI datacenters, communications, industrial, electronics, and instrumentation markets. COIN Coinbase Global, Inc. Coinbase operates a regulated global platform for trading, custody, staking, stablecoins, and onchain infrastructure centered on cryptocurrencies and tokenized assets. CRDO Credo Technology Group Holding Ltd Fabless semiconductor company providing high-speed, low-power connectivity ICs, active electrical cables and related solutions for AI and cloud data centers. CRM Salesforce, Inc. Salesforce provides cloud-based customer relationship management, data, analytics, and AI-powered workflow software for enterprises worldwide. CRNC Cerence Inc. Cerence provides automotive-grade conversational and generative AI software that powers voice and multimodal assistants in cars and other transportation platforms. CRSP CRISPR Therapeutics AG Clinical-stage gene-editing biotech developing CRISPR/Cas9-based cell and in vivo therapies, including the first approved CRISPR medicine CASGEVY for hemoglobinopathies. CRWD CrowdStrike Holdings, Inc. CrowdStrike provides a cloud-native, AI-powered cybersecurity platform that protects endpoints, cloud workloads, identities and data for enterprises worldwide. CRWV CoreWeave, Inc. CoreWeave operates a GPU-optimized cloud platform providing AI infrastructure, compute, storage, and related services to enterprises and leading AI labs. DDOG Datadog, Inc. Datadog provides a unified SaaS platform for monitoring, analytics, and security of cloud applications and infrastructure. DELL Dell Technologies Inc. Dell Technologies is a global provider of enterprise IT infrastructure, PCs and related software, services and financing. DNA Ginkgo Bioworks Holdings, Inc. Platform biotech company that runs an automated cell engineering foundry and biosecurity network, increasingly selling tools, data and AI services for biology. DOT Polkadot Network Layer-0 / smart-contract infrastructure that provides shared security, interoperability and blockspace markets for many specialized chains and rollups. EQIX Equinix, Inc. Equinix is a global data-center REIT providing carrier-neutral colocation, interconnection and digital infrastructure services to enterprises, clouds and networks. ESTC Elastic N.V. Elastic provides a cloud-based search and analytics platform used for enterprise search, observability, and security, increasingly powering AI workloads. ETH Ethereum Network General‑purpose smart‑contract blockchain that serves as a neutral settlement and coordination layer for DeFi, stablecoins, tokenization and rollups. ETN Eaton Corporation plc Eaton is a global intelligent power management company providing electrical, aerospace and mobility solutions that enable data centers, grids, buildings and industry to run safely and efficiently. FIL Filecoin Network Decentralized storage and data infrastructure network where FIL secures and pays for verifiable storage, retrieval and programmable data services. FIVN Five9, Inc. Five9 provides a cloud-based intelligent customer experience platform and AI tools that power contact centers for large enterprises worldwide. FLNC Fluence Energy, Inc. Designs, builds, and operates grid-scale battery storage systems plus optimization software for utilities, developers, and data centers. FN Fabrinet Fabrinet provides advanced optical, photonic and electronic manufacturing services for complex products used in AI data centers, telecom, automotive and industrial markets. GOOG Alphabet Inc. Alphabet is a global technology company whose businesses span search, digital advertising, YouTube, Android, cloud computing, hardware, and emerging AI- and autonomy-related bets. HPE Hewlett Packard Enterprise Company Hewlett Packard Enterprise provides enterprise IT infrastructure, networking, and hybrid cloud solutions including AI-optimized servers and consumption-based GreenLake services. HURA TuHURA Biosciences, Inc. Phase 3 immuno-oncology biotech developing therapies to overcome resistance to cancer immunotherapy in rare, high-value cancers. HUT Hut 8 Corp. Hut 8 develops and operates large‑scale power and digital infrastructure campuses that host Bitcoin mining, AI, and high‑performance compute workloads. INOD Innodata Inc. Innodata provides AI-focused data engineering, annotation, and vertical SaaS platforms that help hyperscalers and enterprises train, govern, and deploy AI systems. IONQ IonQ, Inc. IonQ is a pure‑play quantum technology company building trapped‑ion quantum computers and quantum networking solutions delivered via cloud and on‑premise systems for enterprises and governments. IREN IREN Limited IREN develops and operates large-scale, renewable-powered data centers used for Bitcoin mining and high-density AI cloud and HPC workloads. JOBY Joby Aviation, Inc. Joby Aviation is developing and plans to operate quiet, all‑electric air taxis and related software, infrastructure, and services for urban and regional air mobility. KTOS Kratos Defense & Security Solutions, Inc. Kratos Defense designs and manufactures affordable, high-performance unmanned systems, space and satellite communications, propulsion, and training systems for U.S. and allied defense customers. LINK Chainlink Network Decentralized data and interoperability network whose LINK token secures and pays for oracle, cross-chain messaging, and tokenization services used across DeFi and institutional finance. LITE Lumentum Holdings Inc. Lumentum designs and manufactures optical and photonic components and modules used in AI and cloud data centers, telecom networks, and industrial and 3D sensing applications. LMND Lemonade, Inc. AI-native property & casualty insurer offering renters, homeowners, car, pet and life policies in the US and Europe via a fully digital platform. LSCC Lattice Semiconductor Corporation Fabless semiconductor company focused on low-power small and mid-range FPGAs and related software for edge, industrial, automotive, and communications applications. MATIC Polygon Network Polygon is an Ethereum scaling and aggregation network whose POL token secures Polygon PoS and AggLayer, powering low-cost payments, real-world assets and DeFi. META Meta Platforms, Inc. Meta operates Facebook, Instagram, WhatsApp and related apps, monetizing global engagement via ads while investing heavily in AI, messaging, and AR/VR hardware. MPWR Monolithic Power Systems, Inc. Fabless power semiconductor company providing high‑efficiency power management ICs and system‑level solutions for data center, automotive, industrial, communications and consumer markets. MRVL Marvell Technology, Inc. Marvell is a fabless semiconductor company focused on data-center, cloud and networking chips, including custom AI silicon and high-speed interconnects. MSFT Microsoft Corporation Global technology company providing cloud infrastructure, productivity software, AI platforms, gaming, and business applications. MSTR Strategy Inc. Strategy Inc. is a Bitcoin-focused treasury and enterprise analytics/AI software company whose equity serves as a leveraged proxy on Bitcoin. MTSI MACOM Technology Solutions Holdings, Inc. MACOM designs and manufactures high-performance analog, RF, microwave and optical semiconductors for data center, telecom, industrial and defense markets. MU Micron Technology, Inc. Micron designs and manufactures DRAM, NAND and high-bandwidth memory chips and storage used in data centers, PCs, mobile devices and vehicles. NBIS Nebius Group N.V. Nebius builds full‑stack AI cloud infrastructure and tools, providing GPU data centers, AI inference platforms, and related services plus autonomy and edtech businesses. NEE NextEra Energy, Inc. Largest U.S. electric utility holding company, combining regulated Florida Power & Light with a leading North American renewables, storage, gas and nuclear fleet. NET Cloudflare, Inc. Cloudflare operates a global cloud platform that accelerates and secures internet applications, networks, and APIs while providing edge compute and AI services. NNOX Nano-X Imaging Ltd. Nano-X Imaging develops low-cost X-ray tomosynthesis systems, radiology AI software, cloud workflows, and teleradiology services to expand access to medical imaging. NOW ServiceNow, Inc. ServiceNow provides a cloud-based platform for automating and orchestrating digital workflows and AI-powered business processes for large enterprises. NTRA Natera, Inc. Natera develops and commercializes advanced cell‑free DNA tests for oncology, women’s health, and organ transplant monitoring, increasingly layering software and data services on top. NVDA NVIDIA Corporation NVIDIA designs GPUs and full-stack accelerated computing platforms that power AI, data centers, gaming, and autonomous systems worldwide. OKLO Oklo Inc. Oklo is an advanced nuclear technology company developing fast-spectrum microreactors, fuel recycling, and radioisotope production to supply clean, firm power for data centers, industry, and defense. ON ON Semiconductor Corporation onsemi designs and manufactures intelligent power and sensing semiconductors for automotive, industrial and AI data center applications. ORCL Oracle Corporation Oracle provides enterprise software, databases, and a rapidly growing cloud and AI infrastructure platform to businesses and governments worldwide. OUST Ouster, Inc. Ouster designs and sells digital lidar sensors and software that enable Physical AI for vehicles, robots, and smart infrastructure. PANW Palo Alto Networks, Inc. Palo Alto Networks provides AI-driven cybersecurity platforms spanning network security, cloud security, security operations and identity protection for enterprises and governments worldwide. PATH UiPath, Inc. UiPath provides an enterprise automation platform that uses software robots, AI, and low-code tools to automate business processes. PDYN Palladyne AI Corp. Palladyne AI develops AI autonomy software and related systems for industrial robots, drones, and defense unmanned platforms. PL Planet Labs PBC Planet Labs operates one of the world’s largest Earth‑observation constellations and sells satellite data, analytics, and satellite services to governments and enterprises. PLTR Palantir Technologies Inc. Palantir builds data and AI platforms used by governments and enterprises for intelligence, defense, and operational decision-making. POET POET Technologies Inc. POET Technologies develops photonic integrated circuits, optical engines and light sources based on its Optical Interposer platform for AI data centers, telecom networks and chip-to-chip connectivity. PRME Prime Medicine, Inc. Prime Medicine is a pre-commercial biotech developing prime-editing gene therapies and platform partnerships for rare genetic diseases. PWR Quanta Services, Inc. Integrated infrastructure contractor that designs, builds and maintains electric power, renewable energy and underground utility networks, primarily for North American utilities and large power users. QBTS D-Wave Quantum Inc. D-Wave Quantum develops and delivers quantum computing systems, cloud services, and software focused on solving real‑world optimization and AI problems for enterprises and governments. QUBT Quantum Computing Inc. Quantum Computing Inc. develops photonic quantum computing, networking and sensing systems and operates a U.S.-based integrated photonics chip foundry. RCAT Red Cat Holdings, Inc. Red Cat designs and manufactures NDAA-compliant small military drones and unmanned surface vessels, increasingly integrating AI and software for U.S. and allied defense customers. RDVT Red Violet, Inc. Red Violet provides cloud-native identity intelligence and analytics used for fraud detection, risk mitigation, compliance, and safety across regulated industries. RGTI Rigetti Computing, Inc. Rigetti designs and operates superconducting quantum computers, delivering access via cloud platforms and on‑premise systems for government, research and enterprise customers. RIOT Riot Platforms, Inc. Riot Platforms develops and operates large-scale Bitcoin mining and power-intensive data center infrastructure, with a growing focus on AI and high-performance computing campuses. RKLB Rocket Lab Corporation Rocket Lab is a vertically integrated space company providing launch services, spacecraft, components, and national security space solutions. RLAY Relay Therapeutics, Inc. Relay Therapeutics is a clinical-stage biotech using an AI- and simulation-driven platform to design precision small-molecule drugs for cancer and genetic diseases. RMBS Rambus Inc. Fabless semiconductor and silicon IP company providing high-speed memory interface chips and hardware security IP for data center, AI and other systems. RR Richtech Robotics Inc. Richtech Robotics develops and deploys AI-driven service robots and cloud software for hospitality, healthcare, retail, and other service industries. RXRX Recursion Pharmaceuticals, Inc. Clinical-stage company using large-scale automated biology, proprietary data and AI to industrialize small‑molecule drug discovery and development. S SentinelOne, Inc. SentinelOne provides an AI-native cybersecurity platform that protects endpoints, cloud workloads, identities, and data with autonomous detection and response. SDGR Schrödinger, Inc. Schrödinger provides physics-based and AI-driven software for molecular discovery and monetizes its platform through high-margin licenses plus drug discovery collaborations and equity stakes. SERV Serve Robotics Inc. Serve Robotics develops and operates autonomous sidewalk delivery robots for food, convenience and local logistics partners. SITM SiTime Corporation Fabless semiconductor company that provides MEMS-based precision timing chips and related solutions for AI data centers, communications, automotive, industrial and high-end consumer electronics. SMCI Super Micro Computer, Inc. Supermicro designs and manufactures server, storage, and AI-optimized data-center hardware and solutions worldwide. SMR NuScale Power Corporation NuScale Power designs and licenses factory-fabricated advanced nuclear reactor modules and related services for grid power, data centers, and industrial energy users. SNOW Snowflake Inc. Snowflake provides a multi-cloud data and AI platform that enables enterprises to store, share, and analyze data and build AI applications at scale. SNPS Synopsys, Inc. Synopsys provides electronic design automation software, semiconductor design IP, and engineering simulation tools that enable customers to design, verify, and optimize complex chips and systems. SOL Solana Network High-throughput smart-contract blockchain used for low-cost DeFi, stablecoin payments, RWAs, DePIN, and consumer apps. SOUN SoundHound AI, Inc. SoundHound AI provides independent conversational voice AI software used in automotive, restaurant, and enterprise customer-service applications. STEM Stem, Inc. Stem provides AI-driven software and services that optimize solar, storage, and other clean-energy assets for utilities, developers, and large power users worldwide. SYM Symbotic Inc. Symbotic provides AI-enabled robotic systems and software that automate high-volume warehouse and distribution center operations for large retailers, wholesalers and logistics partners. TEM Tempus AI, Inc. Tempus is an AI-driven precision medicine company combining clinical genomics, real-world data, and software to guide diagnosis, treatment, and drug development. TSLA Tesla, Inc. Tesla designs and manufactures electric vehicles, energy storage systems and related software, and is expanding into autonomous mobility and humanoid robotics. TSM Taiwan Semiconductor Manufacturing Company Limited TSMC is the world’s leading pure-play semiconductor foundry, manufacturing advanced chips and packaging for global fabless and systems companies. TWST Twist Bioscience Corporation Twist Bioscience manufactures high-throughput synthetic DNA and NGS tools and offers antibody discovery services that enable drug, diagnostics and industrial biotech development. VICR Vicor Corporation Vicor designs and manufactures high‑efficiency modular power components and systems for AI data centers, automotive, industrial and defense applications. VRT Vertiv Holdings Co Vertiv provides power, cooling, racks, and services that keep cloud and AI data centers and critical digital infrastructure running reliably. VST Vistra Corp. Vistra is a large U.S. independent power producer and retail energy provider with a diversified fleet of nuclear, gas, coal, solar, and battery assets focused on competitive markets like ERCOT and PJM. ZS Zscaler, Inc. Zscaler provides cloud-delivered security services that replace legacy VPNs and firewalls with a zero trust architecture for users, apps, 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.
I update these analyses on a weekly basis around the 7th, 14th, 21st and 28th day of each month. At the Access and Plus tiers members receive access to the 28th of the month update. At the Portfolio tier members receive access to all weekly updates.
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.